Mint Tower Capital Management B.V. acquired a new position in shares of Hardinge, Inc. (NASDAQ:HDNG) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 25,000 shares of the industrial products company’s stock, valued at approximately $458,000. Mint Tower Capital Management B.V. owned approximately 0.19% of Hardinge at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of HDNG. Wells Fargo & Company MN lifted its stake in shares of Hardinge by 68.2% during the 3rd quarter. Wells Fargo & Company MN now owns 11,291 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 4,578 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of Hardinge by 2.0% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 313,289 shares of the industrial products company’s stock valued at $5,457,000 after purchasing an additional 6,170 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Hardinge by 1,702.9% in the third quarter. JPMorgan Chase & Co. now owns 11,755 shares of the industrial products company’s stock valued at $181,000 after purchasing an additional 11,103 shares during the period. Rhumbline Advisers acquired a new position in shares of Hardinge in the first quarter valued at about $205,000. Finally, Algert Global LLC increased its holdings in shares of Hardinge by 6.2% in the first quarter. Algert Global LLC now owns 222,910 shares of the industrial products company’s stock valued at $4,084,000 after purchasing an additional 13,016 shares during the period. 72.77% of the stock is currently owned by institutional investors and hedge funds.
Hardinge opened at $18.41 on Friday, MarketBeat Ratings reports. The stock has a market cap of $238.33 million, a P/E ratio of 15.19 and a beta of 0.85. Hardinge, Inc. has a 52 week low of $18.38 and a 52 week high of $18.45.
Hardinge (NASDAQ:HDNG) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.33 EPS for the quarter. Hardinge had a return on equity of 8.93% and a net margin of 2.91%. The company had revenue of $90.18 million for the quarter.
Separately, ValuEngine raised Hardinge from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
Hardinge Company Profile
Hardinge Inc, together with its subsidiaries, designs, manufactures, and distributes machine tools in North America, Europe, and Asia. The company operates through two segments, Metalcutting Machine Solutions, and Aftermarket Tooling and Accessories. It offers computer controlled metalcutting turning machines, grinding machines, machining centers, collets, chucks, index fixtures, repair parts for machines, and other industrial products, as well as engineers and supplies high precision, standard, and specialty workholding devices, and other machine tool accessories.
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