Ellsworth Advisors LLC Invests $841,000 in Allient Inc. $ALNT

Ellsworth Advisors LLC purchased a new position in Allient Inc. (NASDAQ:ALNT) in the fourth quarter, Holdings Channel reports. The fund purchased 15,645 shares of the company’s stock, valued at approximately $841,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALNT. Nkcfo LLC raised its stake in Allient by 700.0% during the second quarter. Nkcfo LLC now owns 32,000 shares of the company’s stock valued at $1,162,000 after buying an additional 28,000 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Allient in the 3rd quarter worth approximately $647,000. Tudor Investment Corp ET AL bought a new stake in shares of Allient in the 3rd quarter valued at approximately $3,196,000. Handelsbanken Fonder AB bought a new stake in shares of Allient in the 3rd quarter valued at approximately $5,888,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Allient during the 3rd quarter valued at approximately $495,000. 61.57% of the stock is owned by institutional investors.

Allient Trading Up 4.6%

Shares of NASDAQ ALNT opened at $61.82 on Thursday. Allient Inc. has a 12-month low of $19.25 and a 12-month high of $70.00. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 46.83 and a beta of 1.53. The company has a current ratio of 3.66, a quick ratio of 2.08 and a debt-to-equity ratio of 0.60. The stock’s 50 day simple moving average is $63.92 and its 200 day simple moving average is $56.56.

Allient (NASDAQ:ALNT) last issued its earnings results on Thursday, March 5th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.09. Allient had a return on equity of 12.53% and a net margin of 3.97%.The firm had revenue of $143.35 million for the quarter, compared to analyst estimates of $133.33 million. Equities research analysts expect that Allient Inc. will post 1.43 EPS for the current year.

Allient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Friday, March 20th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, March 20th. Allient’s dividend payout ratio (DPR) is 9.09%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ALNT shares. Zacks Research cut Allient from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Roth Mkm increased their target price on shares of Allient from $56.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Lake Street Capital started coverage on shares of Allient in a research report on Wednesday, February 18th. They issued a “buy” rating and a $79.00 price target on the stock. Craig Hallum reaffirmed a “buy” rating and issued a $75.00 price target on shares of Allient in a report on Monday, March 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Allient in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $63.60.

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.