Macquarie Group Ltd. acquired a new stake in Allied Motion Technologies (NASDAQ:AMOT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,950 shares of the technology company’s stock, valued at approximately $296,000. Macquarie Group Ltd. owned about 0.09% of Allied Motion Technologies at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Earnest Partners LLC purchased a new stake in shares of Allied Motion Technologies in the fourth quarter worth approximately $116,000. The Manufacturers Life Insurance Company raised its holdings in shares of Allied Motion Technologies by 7.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,144 shares of the technology company’s stock worth $167,000 after buying an additional 401 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Allied Motion Technologies by 74.6% in the third quarter. Wells Fargo & Company MN now owns 7,520 shares of the technology company’s stock worth $191,000 after buying an additional 3,213 shares during the period. First Trust Advisors LP purchased a new stake in shares of Allied Motion Technologies in the fourth quarter worth approximately $207,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of Allied Motion Technologies in the fourth quarter worth approximately $332,000. 44.59% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on the company. BidaskClub upgraded Allied Motion Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. TheStreet downgraded Allied Motion Technologies from a “b-” rating to a “c+” rating in a report on Tuesday, April 3rd. Finally, Zacks Investment Research downgraded Allied Motion Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd.
Shares of NASDAQ AMOT opened at $41.36 on Friday. The company has a current ratio of 2.77, a quick ratio of 1.69 and a debt-to-equity ratio of 0.60. Allied Motion Technologies has a fifty-two week low of $20.91 and a fifty-two week high of $42.70. The company has a market capitalization of $387.41, a PE ratio of 33.90, a price-to-earnings-growth ratio of 1.77 and a beta of 1.81.
Allied Motion Technologies (NASDAQ:AMOT) last released its quarterly earnings data on Wednesday, March 14th. The technology company reported $0.36 EPS for the quarter. The company had revenue of $65.36 million for the quarter, compared to the consensus estimate of $60.32 million. Allied Motion Technologies had a return on equity of 13.61% and a net margin of 3.19%. equities research analysts anticipate that Allied Motion Technologies will post 1.45 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 11th. Shareholders of record on Thursday, March 29th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $0.10 annualized dividend and a yield of 0.24%. Allied Motion Technologies’s payout ratio is currently 8.20%.
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Allied Motion Technologies Profile
Allied Motion Technologies, Inc designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.
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