Aegis Financial Corp Lowers stake in Hardinge (HDNG)

Hardinge (HDNG) : Aegis Financial Corp reduced its stake in Hardinge by 27.57% during the most recent quarter end. The investment management company now holds a total of 250,056 shares of Hardinge which is valued at $3,000,672 after selling 95,202 shares in Hardinge , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Hardinge makes up approximately 2.70% of Aegis Financial Corp’s portfolio.

Other Hedge Funds, Including , First Wilshire Securities Management Inc reduced its stake in HDNG by selling 61,925 shares or 14.2% in the most recent quarter. The Hedge Fund company now holds 374,128 shares of HDNG which is valued at $4,489,536. Hardinge makes up approx 1.33% of First Wilshire Securities Management Inc’s portfolio.Price Michael F reduced its stake in HDNG by selling 196,087 shares or 78.15% in the most recent quarter. The Hedge Fund company now holds 54,813 shares of HDNG which is valued at $657,756. Hardinge makes up approx 0.08% of Price Michael F’s portfolio.Acrospire Investment Management boosted its stake in HDNG in the latest quarter, The investment management firm added 1,135 additional shares and now holds a total of 6,309 shares of Hardinge which is valued at $71,796. Hardinge makes up approx 0.05% of Acrospire Investment Management’s portfolio. California State Teachers Retirement System added HDNG to its portfolio by purchasing 24,518 company shares during the most recent quarter which is valued at $249,103.

Hardinge opened for trading at $10.62 and hit $10.79 on the upside on Wednesday, eventually ending the session at $10.72, with a gain of 1.52% or 0.16 points. The heightened volatility saw the trading volume jump to 24,191 shares. Company has a market cap of $138 M.

Hardinge Inc. (Hardinge) is a designer manufacturer and distributor of machine tools specializing in precision computer numerically controlled metal-cutting machines. The Company supplies high precision computer controlled metal-cutting turning machines grinding machines vertical machining centers and accessories related to those machines. The Company’s operating segments include Metalcutting Machine Solutions (MMS) which consists of high precision computer controlled metalcutting turning machines vertical machining centers horizontal machining centers grinding machines and repair parts related to those machines and The Aftermarket Tooling and Accessories (ATA) which 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 the United Kingdom and the United States.

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