Mint Tower Capital Management B.V. Acquires Shares of 25,000 Hardinge, Inc. (HDNG)

Mint Tower Capital Management B.V. acquired a new stake in Hardinge, Inc. (NASDAQ:HDNG) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,000 shares of the industrial products company’s stock, valued at approximately $458,000.

A number of other institutional investors and hedge funds have also modified their holdings of HDNG. Wells Fargo & Company MN lifted its position in shares of Hardinge by 68.2% in the third quarter. Wells Fargo & Company MN now owns 11,291 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 4,578 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position 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 acquiring an additional 6,170 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 acquiring an additional 11,103 shares in the last quarter. Rhumbline Advisers purchased a new position in shares of Hardinge in the first quarter valued at approximately $205,000. Finally, Algert Global LLC lifted its position 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 acquiring an additional 13,016 shares in the last quarter. 72.77% of the stock is currently owned by institutional investors.

Shares of Hardinge stock opened at $18.41 on Friday. Hardinge, Inc. has a one year low of $18.38 and a one year high of $18.45. The company has a market cap of $238.33 million, a P/E ratio of 15.19 and a beta of 0.85.

Hardinge (NASDAQ:HDNG) last posted its earnings results 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 upgraded Hardinge from a “hold” rating to a “buy” rating in a research 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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Institutional Ownership by Quarter for Hardinge (NASDAQ:HDNG)

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