Allient Inc. (NASDAQ:ALNT) Shares Sold by Parcion Private Wealth LLC

Parcion Private Wealth LLC lessened its holdings in Allient Inc. (NASDAQ:ALNT) by 61.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 35,398 shares of the company’s stock after selling 57,354 shares during the period. Parcion Private Wealth LLC’s holdings in Allient were worth $859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Nkcfo LLC acquired a new position in shares of Allient during the fourth quarter valued at $364,000. New York State Teachers Retirement System bought a new stake in shares of Allient during the fourth quarter valued at about $32,000. White Pine Capital LLC bought a new stake in shares of Allient during the fourth quarter valued at about $407,000. Allspring Global Investments Holdings LLC raised its stake in shares of Allient by 23,963.6% during 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 in the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Allient by 5.0% during the fourth quarter. Empowered Funds LLC now owns 42,586 shares of the company’s stock valued at $1,034,000 after purchasing an additional 2,040 shares in the last quarter. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Price Performance

NASDAQ ALNT opened at $26.77 on Thursday. The stock’s 50-day moving average price is $25.16 and its two-hundred day moving average price is $22.54. 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 company has a market cap of $450.81 million, a PE ratio of 30.42 and a beta of 1.61. Allient Inc. has a 1 year low of $16.91 and a 1 year high of $36.33.

Analyst Ratings Changes

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

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.