Dividend Alert: Hardinge Inc. (NASDAQ:HDNG) shareholders can count on dividends of $0.02 on Dec 9, 2016.

Dividend Alert: Hardinge Inc. (NASDAQ:HDNG) shareholders can count on dividends of $0.02 on Dec 9, 2016.

Hardinge Inc. (NASDAQ:HDNG) is expected to pay $0.02 on Dec 9, 2016. The indicated annual dividend is $0.08. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Hardinge Inc.’s current price of $10.87, the dividend is 0.18%. This dividend’s record date is Dec 1, 2016 and the announcement date is Oct 31, 2016. The stock increased 2.94% or $0.31 on November 25, hitting $10.87. Hardinge Inc. (NASDAQ:HDNG) has declined 16.77% since April 25, 2016 and is downtrending. It has underperformed by 22.78% the S&P500.

Hardinge Inc. is a designer, maker and distributor of machine tools, specializing in precision computer numerically controlled metalcutting machines and workholding technology solutions. The company has a market cap of $144.29 million. The Firm supplies high precision computer controlled metalcutting turning machines, grinding machines, machining centers and repair parts related to those machines. It has a 698.59 P/E ratio. It also engineers and supplies high precision, standard and specialty workholding devices, and other machine tool accessories.

Insitutional Activity: The institutional sentiment decreased to 1.03 in Q2 2016. Its down 0.88, from 1.91 in 2016Q1. The ratio worsened, as 4 funds sold all Hardinge Inc. shares owned while 18 reduced positions. 17 funds bought stakes while 25 increased positions. They now own 9.49 million shares or 10.67% more from 8.58 million shares in 2016Q1.
Renaissance Tech Lc holds 262,100 shares or 0.01% of its portfolio. Vanguard Group Inc last reported 445,257 shares in the company. Franklin Res Inc last reported 0% of its portfolio in the stock. Manufacturers Life Ins Communications The has 107 shares for 0% of their US portfolio. Jacobs Levy Equity Mgmt accumulated 35,715 shares or 0.01% of the stock. California State Teachers Retirement System reported 24,518 shares or 0% of all its holdings. Blackrock Institutional Tru Na has invested 0% of its portfolio in Hardinge Inc. (NASDAQ:HDNG). Sei Invs accumulated 0% or 182 shares. California Public Employees Retirement Systems has invested 0% of its portfolio in Hardinge Inc. (NASDAQ:HDNG). Tfs Cap Llc has 12,356 shares for 0.02% of their US portfolio. Blackrock Fund Advsr last reported 0% of its portfolio in the stock. Royal Financial Bank Of Canada owns 22,250 shares or 0% of their US portfolio. Walthausen & Company Ltd Limited Liability Company holds 0.14% or 132,200 shares in its portfolio. The Texas-based Bridgeway Management has invested 0.04% in Hardinge Inc. (NASDAQ:HDNG). Invesco accumulated 0% or 31,870 shares.

Insider Transactions: Since June 13, 2016, the stock had 0 buys, and 2 selling transactions for $257,014 net activity. Shares for $60,000 were sold by HUNTER J PHILIP on Thursday, August 11. LEPOFSKY ROBERT J. sold $197,014 worth of Hardinge Inc. (NASDAQ:HDNG) on Monday, June 13.

Hardinge Inc. (NASDAQ:HDNG) Ratings Coverage

Out of 2 analysts covering Hardinge (NASDAQ:HDNG), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Hardinge has been the topic of 2 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, August 4 by Sidoti. The rating was maintained by Jefferies with “Hold” on Friday, October 23.

Another recent and important Hardinge Inc. (NASDAQ:HDNG) news was published by Globenewswire.com which published an article titled: “Hardinge Inc. Announces Third Quarter 2016 Financial Results Release and …” on October 19, 2016.

HDNG Company Profile

Hardinge Inc. (Hardinge), incorporated on December 24, 1937, is a designer, maker and distributor of machine tools, specializing in precision computer numerically controlled metalcutting machines and workholding technology solutions. The Firm supplies high precision computer controlled metalcutting turning machines, grinding machines, machining centers and repair parts related to those machines. The Firm also engineers and supplies high precision, standard and specialty workholding devices, and other machine tool accessories. The Firm operates through two divisions: Metalcutting Machine Solutions (MMS), and Aftermarket Tooling and Accessories (ATA). The MMS segment includes high precision computer controlled metalcutting turning machines, vertical machining centers, horizontal machining centers, and grinding machines. The ATA segment includes products, primarily collets and chucks that are purchased by manufacturers throughout the lives of their Hardinge or other branded machines. It has manufacturing facilities located in China, Switzerland, Taiwan, Germany, France, India, the United Kingdom and the United States.

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