Allient Inc. (NASDAQ:ALNT) Shares Purchased by Gabelli Funds LLC

Gabelli Funds LLC boosted its holdings in Allient Inc. (NASDAQ:ALNT) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,569 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Gabelli Funds LLC’s holdings in Allient were worth $1,883,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ALNT. Barclays PLC lifted its holdings in shares of Allient by 8.8% in the 4th quarter. Barclays PLC now owns 49,363 shares of the company’s stock worth $1,198,000 after purchasing an additional 4,001 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Allient in the fourth quarter valued at $805,000. Martingale Asset Management L P boosted its holdings in shares of Allient by 29.0% during the fourth quarter. Martingale Asset Management L P now owns 30,762 shares of the company’s stock valued at $747,000 after acquiring an additional 6,915 shares during the period. Invesco Ltd. grew its position in shares of Allient by 8.1% during the fourth quarter. Invesco Ltd. now owns 22,993 shares of the company’s stock worth $558,000 after acquiring an additional 1,724 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Allient in the 4th quarter worth about $2,281,000. 61.57% of the stock is owned by institutional investors.

Allient Price Performance

Shares of NASDAQ ALNT opened at $21.02 on Friday. The stock has a market cap of $356.25 million, a P/E ratio of 23.89 and a beta of 1.43. The firm’s 50-day simple moving average is $23.39 and its 200 day simple moving average is $23.24. Allient Inc. has a fifty-two week low of $16.91 and a fifty-two week high of $32.00. 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 (NASDAQ:ALNT) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The company had revenue of $122.01 million for the quarter, compared to the consensus estimate of $119.72 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. Equities analysts expect that Allient Inc. will post 1.43 EPS for the current year.

Allient Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, March 20th. Allient’s payout ratio is currently 15.00%.

Analyst Ratings Changes

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

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.