Globeflex Capital L P Makes New Investment in Allient Inc. (NASDAQ:ALNT)

Globeflex Capital L P bought a new position in shares of Allient Inc. (NASDAQ:ALNT) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 4,841 shares of the company’s stock, valued at approximately $118,000.

A number of other hedge funds also recently made changes to their positions in the business. FMR LLC grew its holdings in Allient by 843.2% during the 3rd quarter. FMR LLC now owns 1,153,537 shares of the company’s stock valued at $21,906,000 after buying an additional 1,031,243 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Allient by 23,963.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company’s stock valued at $9,948,000 after purchasing an additional 404,505 shares during the last quarter. Geode Capital Management LLC lifted its position in Allient by 1.8% in the third quarter. Geode Capital Management LLC now owns 344,166 shares of the company’s stock valued at $6,537,000 after purchasing an additional 5,975 shares during the last quarter. State Street Corp lifted its position in Allient by 0.8% in the third quarter. State Street Corp now owns 306,239 shares of the company’s stock valued at $5,815,000 after purchasing an additional 2,453 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Allient by 18.2% during the fourth quarter. Bank of New York Mellon Corp now owns 115,095 shares of the company’s stock valued at $2,794,000 after acquiring an additional 17,739 shares in the last quarter. 61.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ALNT shares. Northland Securities upgraded Allient from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $30.00 to $35.00 in a report on Tuesday, February 11th. Northland Capmk raised Allient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th.

Allient Price Performance

ALNT opened at $23.65 on Friday. The business has a fifty day moving average of $25.15 and a 200 day moving average of $22.89. Allient Inc. has a 52-week low of $16.91 and a 52-week high of $36.33. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The stock has a market cap of $398.38 million, a P/E ratio of 26.88 and a beta of 1.59.

Allient (NASDAQ:ALNT) last issued its earnings results on Wednesday, March 5th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $122.01 million during the quarter, compared to analyst estimates of $119.72 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. As a group, sell-side analysts anticipate that Allient Inc. will post 1.43 EPS for the current year.

Allient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, March 20th. Allient’s payout ratio is 15.00%.

Allient 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.