SecurityHDNG / Hardinge, Inc.
InstitutionFranklin Resources Inc
Shares0
Ownership 0.00%

Franklin Resources Inc closes passive position in HDNG / Hardinge, Inc.

February 06, 2018 - Franklin Resources Inc has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 0 shares of Hardinge, Inc. (NASDAQ:HDNG). This represents 0.0 percent ownership of the company. In their previous filing dated February 08, 2017, Franklin Resources Inc had reported owning 750,000 shares, indicating a decrease of -100.00 percent.

Other investors with closed positions include Ksa Capital Management, Llc, Venator Capital Management Ltd., EAM Investors, LLC, Perritt Capital Management Inc, and Arrowstreet Capital, Limited Partnership.

Hardinge, Inc. has declared a standard industrial code (sic) of 3541 which is the "Machine Tools, Metal Cutting Types" industry. Franklin Resources Inc's top industries are "Personal Services" (sic 72), "Stone, Clay, Glass, And Concrete Products" (sic 32), and "Textile Mill Products" (sic 22).

13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date
Effective
Date
Form Prev
Shares
Reported
Shares
Change in Shares
(Percent)
Ownership
(Percent)
Change in Ownership
(Percent)
2018-02-06 2018-02-06 SC 13G/A 750,000 0 -100.00 0.00 -100.00
2017-02-08 2017-02-08 SC 13G/A 910,900 750,000 -17.66 5.80 -18.31
2016-02-05 2016-02-05 SC 13G/A 910,900 7.10

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

13F Filings

The Security, Class, and CUSIP columns in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names and cusips.

In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Effective
Date
Form Security Class CUSIP Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-03-31 13F-HR HARDINGE COM 412324303 17.87 312,300 -37.86 5,721 -34.65 -3,401 367 4.19
2017-12-31 13F-HR HARDINGE COM 412324303 16.34 502,600 -9.03 8,755 3.77 -816 1,134 13.44
2017-09-30 13F-HR HARDINGE COM 412324303 13.84 552,500 -10.89 8,437 9.57 -935 1,672 21.71
2017-06-30 13F-HR HARDINGE COM 412324303 11.83 620,000 -17.33 7,700 -8.66 -1,538 808 9.58
2017-03-31 13F-HR HARDINGE COM 412324303 11.16 750,000 0.00 8,430 1.44 0 120 1.44
2016-12-31 13F-HR HARDINGE COM 412324303 11.10 750,000 -3.60 8,310 -4.03 -311 -38 -0.44
2016-09-30 13F-HR HARDINGE COM 412324303 10.59 778,000 -1.22 8,659 9.29 -102 838 10.57
2016-06-30 13F-HR HARDINGE COM 412324303 11.26 787,600 -13.54 7,923 -30.25 -1,389 -2,047 -18.02
2016-03-31 13F-HR HARDINGE COM 412324303 10.90 910,900 0.00 11,359 33.79 0 2,869 33.79
2015-12-31 13F-HR/A-1 HARDINGE COM 412324303 9.25 910,900 -2.57 8,490 -1.07 -222 130 1.51
2015-12-31 13F-HR HARDINGE COM 412324303 910,900 8,490
2015-09-30 13F-HR HARDINGE COM 412324303 9.51 934,900 0.00 8,582 -6.81 0 -627 -6.81
2015-06-30 13F-HR HARDINGE COM 412324303 10.73 934,900 0.00 9,209 -15.09 0 -1,636 -15.09
2015-03-31 13F-HR HARDINGE COM 412324303 11.76 934,900 0.00 10,845 -2.68 0 -299 -2.68
2014-12-31 13F-HR HARDINGE COM 412324303 11.43 934,900 0.00 11,144 8.96 0 916 8.96
2014-09-30 13F-HR HARDINGE COM 412324303 11.79 934,900 0.00 10,228 -13.51 0 -1,598 -13.51
2014-06-30 13F-HR HARDINGE COM 412324303 934,900 11,826


CUSIP: 412324303