Teton Advisors LLC Lowers Stake in Allient Inc. $ALNT

Teton Advisors LLC decreased its position in shares of Allient Inc. (NASDAQ:ALNT) by 30.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 46,800 shares of the company’s stock after selling 20,400 shares during the quarter. Allient comprises 1.7% of Teton Advisors LLC’s holdings, making the stock its 13th biggest position. Teton Advisors LLC’s holdings in Allient were worth $2,516,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in Allient in the 3rd quarter valued at $34,000. State of Alaska Department of Revenue acquired a new stake in shares of Allient during the third quarter worth $41,000. New York State Teachers Retirement System purchased a new stake in shares of Allient in the third quarter valued at $58,000. Tower Research Capital LLC TRC increased its stake in Allient by 162.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,190 shares of the company’s stock valued at $80,000 after purchasing an additional 1,355 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in Allient in the third quarter valued at $88,000. 61.57% of the stock is owned by hedge funds and other institutional investors.

Allient Price Performance

NASDAQ ALNT opened at $61.33 on Monday. The company has a quick ratio of 2.15, a current ratio of 3.73 and a debt-to-equity ratio of 0.58. Allient Inc. has a fifty-two week low of $29.57 and a fifty-two week high of $80.39. The business has a 50 day moving average price of $66.49 and a two-hundred day moving average price of $61.17. The stock has a market cap of $1.04 billion, a PE ratio of 42.89 and a beta of 1.65.

Allient (NASDAQ:ALNT) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). Allient had a net margin of 4.25% and a return on equity of 12.47%. The firm had revenue of $138.92 million for the quarter, compared to analysts’ expectations of $138.42 million. As a group, sell-side analysts predict that Allient Inc. will post 2.47 EPS for the current fiscal year.

Allient Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be paid a dividend of $0.04 per share. This is a positive change from Allient’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.16 annualized dividend and a yield of 0.3%. Allient’s payout ratio is presently 8.39%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ALNT. Lake Street Capital assumed coverage on Allient in a research note on Wednesday, February 18th. They issued a “buy” rating and a $79.00 price target on the stock. Roth Mkm reiterated a “buy” rating and set a $70.00 price objective on shares of Allient in a report on Friday, May 8th. Craig Hallum reissued a “buy” rating and issued a $75.00 target price on shares of Allient in a research report on Monday, March 9th. Wall Street Zen lowered shares of Allient from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, JPMorgan Chase & Co. cut their price target on shares of Allient from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.25.

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.