Hanger Inc (HNGR) Insider Vinit K. Asar Buys 2,700 Shares

Hanger Inc (OTCMKTS:HNGR) insider Vinit K. Asar acquired 2,700 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were acquired at an average price of $18.98 per share, for a total transaction of $51,246.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Hanger stock traded up $0.26 on Thursday, reaching $19.97. The company had a trading volume of 9,070 shares, compared to its average volume of 219,129. Hanger Inc has a 52-week low of $15.60 and a 52-week high of $24.50.

Hanger (OTCMKTS:HNGR) last released its quarterly earnings results on Wednesday, May 8th. The healthcare company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). The firm had revenue of $236.42 million for the quarter, compared to analyst estimates of $243.40 million.

A number of research firms have recently issued reports on HNGR. Zacks Investment Research downgraded shares of Hanger from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. TheStreet raised shares of Hanger from a “d” rating to a “c” rating in a research note on Friday, March 29th.

Hedge funds have recently made changes to their positions in the stock. Raymond James & Associates acquired a new position in shares of Hanger in the fourth quarter valued at approximately $382,000. AlphaOne Investment Services LLC grew its holdings in shares of Hanger by 6.0% in the fourth quarter. AlphaOne Investment Services LLC now owns 220,989 shares of the healthcare company’s stock valued at $4,188,000 after purchasing an additional 12,542 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Hanger in the third quarter valued at approximately $10,144,000. Tibra Equities Europe Ltd acquired a new position in shares of Hanger in the first quarter valued at approximately $1,514,000. Finally, SCW Capital Management LP acquired a new position in shares of Hanger in the fourth quarter valued at approximately $17,636,000. Hedge funds and other institutional investors own 3.61% of the company’s stock.

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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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