Hardinge Inc. (HDNG) Position Trimmed by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC decreased its position in shares of Hardinge Inc. (NASDAQ:HDNG) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,424 shares of the industrial products company’s stock after selling 206 shares during the quarter. Brandywine Global Investment Management LLC owned 0.07% of Hardinge worth $118,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rhumbline Advisers acquired a new position in Hardinge during the second quarter worth about $147,000. Deltec Asset Management LLC acquired a new position in Hardinge during the second quarter worth about $161,000. Eagle Global Advisors LLC raised its stake in Hardinge by 6.5% during the second quarter. Eagle Global Advisors LLC now owns 16,853 shares of the industrial products company’s stock worth $209,000 after acquiring an additional 1,030 shares in the last quarter. Teachers Advisors LLC raised its stake in Hardinge by 5.4% during the second quarter. Teachers Advisors LLC now owns 21,745 shares of the industrial products company’s stock worth $270,000 after acquiring an additional 1,107 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Hardinge during the second quarter worth about $404,000. 71.38% of the stock is owned by institutional investors and hedge funds.

In other Hardinge news, Director Ryan Levenson bought 66,562 shares of Hardinge stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of $14.45 per share, with a total value of $961,820.90. Following the completion of the purchase, the director now owns 1,632 shares of the company’s stock, valued at $23,582.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Fund Lp Privet bought 86,773 shares of Hardinge stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of $14.39 per share, for a total transaction of $1,248,663.47. Following the completion of the purchase, the insider now directly owns 1,632 shares of the company’s stock, valued at approximately $23,484.48. The disclosure for this purchase can be found here. Insiders have bought 178,546 shares of company stock worth $2,564,576 over the last three months. Insiders own 11.50% of the company’s stock.

HDNG has been the subject of several research analyst reports. ValuEngine downgraded Hardinge from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. TheStreet raised Hardinge from a “d+” rating to a “b” rating in a research note on Monday, August 21st.

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Hardinge Inc. (NASDAQ HDNG) opened at 15.21 on Friday. The stock has a 50 day moving average price of $14.40 and a 200 day moving average price of $12.62. Hardinge Inc. has a 1-year low of $8.24 and a 1-year high of $15.80. The firm has a market cap of $196.95 million, a P/E ratio of 69.77 and a beta of 0.90.

Hardinge (NASDAQ:HDNG) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.12. The business had revenue of $78.20 million for the quarter. Hardinge had a return on equity of 4.61% and a net margin of 0.94%. On average, analysts anticipate that Hardinge Inc. will post $0.11 EPS for the current year.

Hardinge Profile

Hardinge Inc (Hardinge) is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metalcutting machines and workholding technology solutions. The Company supplies high precision computer controlled metalcutting turning machines, grinding machines, machining centers and repair parts related to those machines.

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Institutional Ownership by Quarter for Hardinge (NASDAQ:HDNG)

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