Macquarie Group Ltd. Invests $296,000 in Allied Motion Technologies (AMOT)

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.

How to Become a New Pot Stock Millionaire

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%.

WARNING: This story was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.thelincolnianonline.com/2018/04/15/macquarie-group-ltd-invests-296000-in-allied-motion-technologies-amot.html.

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.

Want to see what other hedge funds are holding AMOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allied Motion Technologies (NASDAQ:AMOT).

Institutional Ownership by Quarter for Allied Motion Technologies (NASDAQ:AMOT)

Receive News & Ratings for Allied Motion Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Motion Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply