Privet Fund Lp Opened Huge Hardinge Inc Position

August 11, 2017 - By Hazel Jackson

 Privet Fund Lp Opened Huge Hardinge Inc Position

Investors sentiment increased to 1.38 in 2016 Q4. Its up 0.35, from 1.03 in 2016Q3. It improved, as 1 investors sold Hardinge Inc. shares while 25 reduced holdings. 12 funds opened positions while 24 raised stakes. 9.15 million shares or 0.07% less from 9.16 million shares in 2016Q3 were reported.

Franklin Resources reported 750,000 shares. Nationwide Fund Advsr reported 10,618 shares stake. Lsv Asset Management owns 65,803 shares or 0% of their US portfolio. First Wilshire Secs Mngmt invested 1.13% of its portfolio in Hardinge Inc. (NASDAQ:HDNG). Creative Planning has 0% invested in Hardinge Inc. (NASDAQ:HDNG). Blackrock invested in 2,317 shares. Ariel Ltd Liability Company accumulated 486,609 shares. Morgan Stanley holds 0% in Hardinge Inc. (NASDAQ:HDNG) or 95,534 shares. Oppenheimer Close Ltd accumulated 0.82% or 82,700 shares. Aegis Corp invested in 250,056 shares. Moreover, Fincl Bank Of America De has 0% invested in Hardinge Inc. (NASDAQ:HDNG). State Street Corporation reported 139,958 shares stake. New York State Common Retirement Fund reported 91,239 shares. Foundry Partners Lc owns 0.15% invested in Hardinge Inc. (NASDAQ:HDNG) for 313,480 shares. Bridgeway Mgmt holds 0.03% of its portfolio in Hardinge Inc. (NASDAQ:HDNG) for 234,600 shares.

Since March 6, 2017, it had 3 insider buys, and 2 selling transactions for $302,094 activity. $52,500 worth of Hardinge Inc. (NASDAQ:HDNG) was sold by HUNTER J PHILIP on Friday, March 10. $280,495 worth of Hardinge Inc. (NASDAQ:HDNG) was bought by Levenson Ryan on Monday, March 6. 3,900 shares were sold by SIMONS RICHARD L, worth $46,293. Dougherty Charles P also bought $63,376 worth of Hardinge Inc. (NASDAQ:HDNG) on Thursday, June 8.

The New Privet Fund Lp Holding in Hardinge Inc

Privet Fund Lp reported SC 13D/A form with the SEC for Hardinge Inc. Access it here: 000157104917007437. As reported by Privet Fund Lp, the filler owns 10.6% or 1,372,188 shares of the Industrials–company.

Hardinge Inc stake is new for [reportingPerson]. Date of activity: August 8, 2017. This shows Privet Fund Lp’s positive view for Hardinge Inc.

Hardinge Inc Institutional Sentiment

Filings show 60 investors own Hardinge Inc. The ownership in Q3 2015 is high, at 101.31 % of the outstanding shares. This is increased by 4192161. 13119831 were owned by these investors. 6 funds opened new Hardinge Inc stakes, 18 increased positions. There were 5 that closed positions and 17 reduced them.

Oppenheimer & Close Llc is an investor bullish on Hardinge Inc, owning 80200 shares as of Q3 2015 for 0.62% of its portfolio. Pacific Ridge Capital Partners Llc owns 241889 shares or 1.09% of its portfolio. CA First Wilshire Securities Management Inc have 1.10% of its portfolio for 455919 shares. Further, Morgan Dempsey Capital Management Llc reported stake worth 0.94% of its portfolio. The VA Aegis Financial Corp owns 390237 shares. Hardinge Inc is 2.36% of its portfolio.

Business 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. It also engineers and supplies high precision, standard and specialty workholding devices, and other machine tool accessories. It operates through two segments: 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.

SEC Form 13D.

The stock increased 1.72% or $0.24 during the last trading session, reaching $14.21. About 40,781 shares traded. Hardinge Inc. (NASDAQ:HDNG) has risen 8.84% since August 12, 2016 and is uptrending. It has underperformed by 7.86% 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 market cap of $184.01 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 67.87 P/E ratio. It also engineers and supplies high precision, standard and specialty workholding devices, and other machine tool accessories.

Hardinge Inc. (NASDAQ:HDNG) Ratings Coverage

Among 2 analysts covering Hardinge (NASDAQ:HDNG), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Hardinge had 2 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Friday, October 23. The firm earned “Buy” rating on Tuesday, August 4 by Sidoti.

More news for Hardinge Inc. (NASDAQ:HDNG) were recently published by: Globenewswire.com, which released: “Hardinge Inc. Collaborates on Integrating 3D Printing Technology With …” on November 17, 2015. Businesswire.com‘s article titled: “Hardinge Inc. Announces Second Quarter 2017 Financial Results Release and …” and published on July 20, 2017 is yet another important article.

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