Kennedy Capital Management Inc Upped Hardinge Inc (NASDAQ:HDNG) Position by $10.47 Million as Price Rose

May 16, 2018 - By Victoria Pittman

Hardinge Inc. (NASDAQ:HDNG) Corporate LogoBig Money Sentiment increased to 1.23 in Q4 2017. It has change of 0.23, from 2017Q3’s 1. The ratio increased due to HDNG positioning: 12 sold and 19 reduced. 12 funds amassed holdings and 26 increased holdings. Investors holded 9.11 million in 2017Q3 but now own 9.13 million shares or 0.17% more. Royal Commercial Bank Of Canada holds 0% or 19,250 shs in its capital. Morgan Dempsey Capital Mgmt Limited Liability Com holds 66,868 shs. Fincl Bank Of New York Mellon Corporation holds 58,040 shs or 0% of its capital. Moreover, Prelude Capital Lc has 0.01% invested in Hardinge Inc. (NASDAQ:HDNG) for 6,927 shs. Cornerstone Cap Company invested 0% in Hardinge Inc. (NASDAQ:HDNG). First Wilshire holds 1.58% or 331,822 shs in its capital. Moreover, Numeric Invsts Limited Liability Corp has 0% invested in Hardinge Inc. (NASDAQ:HDNG). Grace White Inc Ny holds 237,174 shs or 0.83% of its capital. 20,800 were reported by Ksa Cap Management Limited Liability Corp. 27,069 were accumulated by Wells Fargo And Company Mn. Walthausen & Co Limited Co holds 32,200 shs or 0.05% of its capital. Blackrock owns 0% invested in Hardinge Inc. (NASDAQ:HDNG) for 842,897 shs. 97,003 were reported by Deutsche Bancorp Ag. Geode Capital Lc owns 83,393 shs. Manufacturers Life Ins The, Ontario – Canada-based fund reported 10,753 shs.

Based on the latest 2018Q1 report from the SEC, Kennedy Capital Management Inc increased its holdings in Hardinge Inc (NASDAQ:HDNG) by 124.25%. Hardinge Inc (NASDAQ:HDNG) rose 7.71% while stock markets declined as Kennedy Capital Management Inc bought 581,442 shares. Kennedy Capital Management Inc is holding 1.05 million shares, compared to 467,972 last quarter. The reported value is $19.23 million. $238.33 million is the MC of Hardinge Inc. Lastly it traded at $18.38.It’s uptrending since May 17, 2017 and is 75.05% down. HDNG outperformed by 63.50% the S&P 500.

Kennedy Capital Management Inc operates about $5.67B and $5.14B US longs. It reduced its stake in Cambrex Corporation (NYSE:CBM) by 193,214 shares to 244,994 shares, valued at $12.81 million in 2018Q1, according to the report. It decreased Skechers Usa Inc Class A (NYSE:SKX) position by 434,737 shares to 21,739 shares, and cut its Pros Holdings Inc (NYSE:PRO) stake.

Kennedy Capital Management Inc is a Missouri-based institutional investor with more than $5.67 billion AUM in March, 2014. Taken from Kennedy Capital Management latest Adv, the fund reported to have 50 full and part-time employees. Among which 31 performing investment advisory and research functions. The institutional investor had more than 500 clients.

Hardinge Inc., together with its subsidiaries, designs, makes, and distributes machine tools in North America, Europe, and Asia.The company has $238.33 million market cap. The firm operates through two divisions, Metalcutting Machine Solutions, and Aftermarket Tooling and Accessories.The P/E ratio is 40.84. 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.

Hardinge Inc. (NASDAQ:HDNG) Institutional Investors Chart

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