Short Interest in Allient Inc. (NASDAQ:ALNT) Expands By 22.0%

Allient Inc. (NASDAQ:ALNT) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 206,000 shares, an increase of 22.0% from the November 30th total of 168,800 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 144,800 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Trading of Allient

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its position in shares of Allient by 843.2% during the third quarter. FMR LLC now owns 1,153,537 shares of the company’s stock worth $21,906,000 after purchasing an additional 1,031,243 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in Allient by 29.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 238,844 shares of the company’s stock worth $4,536,000 after acquiring an additional 54,005 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Allient by 56.4% during the third quarter. Assenagon Asset Management S.A. now owns 119,754 shares of the company’s stock valued at $2,274,000 after purchasing an additional 43,167 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Allient during the 3rd quarter worth approximately $770,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Allient by 71.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 89,004 shares of the company’s stock worth $1,690,000 after purchasing an additional 37,151 shares during the last quarter. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Allient Trading Down 2.1 %

ALNT stock traded down $0.52 during trading on Friday, reaching $24.03. 66,004 shares of the stock were exchanged, compared to its average volume of 104,999. The firm has a market capitalization of $404.79 million, a price-to-earnings ratio of 27.31 and a beta of 1.61. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average price of $23.12 and a 200-day moving average price of $22.77. Allient has a 1 year low of $16.91 and a 1 year high of $36.33.

Allient (NASDAQ:ALNT) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. The business had revenue of $125.21 million during the quarter, compared to analysts’ expectations of $124.28 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. During the same period in the previous year, the firm posted $0.61 earnings per share. On average, research analysts predict that Allient will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, November 21st. Allient’s dividend payout ratio is currently 13.64%.

Allient Company Profile

Allient Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various industries in the United States, Canada, South America, Europe, and Asia-Pacific. It offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, optical encoders, active and passive filters, input/output modules, industrial communications gateways, light-weighting technologies, and other controlled motion-related products, as well as nano precision positioning systems, servo control systems, and digital servo amplifiers and drives.