Insider Selling: Hanger Inc (OTCMKTS:HNGR) Insider Sells $55,569.80 in Stock

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Hanger Inc (OTCMKTS:HNGR) insider Jay C. Wendt sold 2,860 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $19.43, for a total transaction of $55,569.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Hanger stock opened at $19.66 on Thursday. The business has a 50-day simple moving average of $17.50. Hanger Inc has a 52 week low of $15.50 and a 52 week high of $24.50.

Hanger (OTCMKTS:HNGR) last issued its quarterly earnings results on Wednesday, August 7th. The healthcare company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The business had revenue of $281.10 million during the quarter, compared to the consensus estimate of $276.31 million.

Separately, Zacks Investment Research upgraded shares of Hanger from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research report on Wednesday.

A number of institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC increased its stake in Hanger by 300.0% in the 2nd quarter. Quantamental Technologies LLC now owns 1,600 shares of the healthcare company’s stock worth $31,000 after purchasing an additional 1,200 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Hanger in the 4th quarter worth about $42,000. BNP Paribas Arbitrage SA increased its stake in Hanger by 203.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,147 shares of the healthcare company’s stock worth $60,000 after purchasing an additional 2,111 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Hanger in the 2nd quarter worth about $64,000. Finally, Aperio Group LLC purchased a new position in Hanger in the 2nd quarter worth about $124,000. Hedge funds and other institutional investors own 3.61% of the company’s stock.

About Hanger

Hanger, Inc provides orthotic and prosthetic (O&P) services; and distributes O&P devices and components, manages O&P networks, and provides therapeutic solutions to patients and businesses in acute, post-acute, and clinic settings in the United States. It operates through two segments, Patient Care and Products & Services.

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