Short Interest in Allient Inc. (NASDAQ:ALNT) Declines By 12.6%

Allient Inc. (NASDAQ:ALNT) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 180,000 shares, a decrease of 12.6% from the December 15th total of 206,000 shares. Based on an average daily volume of 144,500 shares, the short-interest ratio is presently 1.2 days. Approximately 1.3% of the company’s shares are short sold.

Allient Price Performance

Allient stock opened at $25.80 on Friday. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. Allient has a 52-week low of $16.91 and a 52-week high of $36.33. The firm has a market cap of $434.47 million, a PE ratio of 29.32 and a beta of 1.61. The company’s 50 day moving average is $25.01 and its two-hundred day moving average is $22.74.

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

Allient Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Thursday, November 21st. Allient’s dividend payout ratio is presently 13.64%.

Institutional Investors Weigh In On Allient

Several institutional investors have recently modified their holdings of the company. Diamond Hill Capital Management Inc. increased 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 valued at $4,536,000 after buying an additional 54,005 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Allient by 178.5% during the 2nd quarter. Hsbc Holdings PLC now owns 47,779 shares of the company’s stock worth $1,197,000 after acquiring an additional 30,626 shares in the last quarter. Franklin Resources Inc. lifted its stake in Allient by 74.7% during the third quarter. Franklin Resources Inc. now owns 28,034 shares of the company’s stock worth $516,000 after purchasing an additional 11,986 shares during the last quarter. Geode Capital Management LLC increased its stake 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. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Allient during the 3rd quarter worth approximately $386,000. 61.57% of the stock is owned by hedge funds and other institutional investors.

About Allient

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.