Royce & Associates LP Has $2.60 Million Stake in AstroNova, Inc. $ALOT

Royce & Associates LP cut its position in shares of AstroNova, Inc. (NASDAQ:ALOT) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 300,969 shares of the business services provider’s stock after selling 39,733 shares during the quarter. Royce & Associates LP owned 3.94% of AstroNova worth $2,603,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ALOT. Susquehanna International Group LLP bought a new position in shares of AstroNova during the third quarter worth about $143,000. Diamond Hill Capital Management Inc. grew its holdings in shares of AstroNova by 10.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 140,739 shares of the business services provider’s stock worth $1,441,000 after buying an additional 12,992 shares in the last quarter. Jane Street Group LLC bought a new position in shares of AstroNova during the second quarter worth about $140,000. Vanguard Group Inc. grew its holdings in shares of AstroNova by 2.8% during the third quarter. Vanguard Group Inc. now owns 352,131 shares of the business services provider’s stock worth $3,606,000 after buying an additional 9,533 shares in the last quarter. Finally, Peapod Lane Capital LLC grew its holdings in shares of AstroNova by 6.1% during the third quarter. Peapod Lane Capital LLC now owns 130,361 shares of the business services provider’s stock worth $1,335,000 after buying an additional 7,517 shares in the last quarter. 43.02% of the stock is currently owned by institutional investors.

AstroNova Stock Up 2.1%

NASDAQ:ALOT opened at $15.62 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.72 and a current ratio of 1.84. The company has a market cap of $120.12 million, a PE ratio of -50.39 and a beta of 0.95. AstroNova, Inc. has a 52-week low of $6.96 and a 52-week high of $15.99. The stock has a 50-day simple moving average of $12.46 and a 200 day simple moving average of $10.02.

AstroNova (NASDAQ:ALOT) last issued its quarterly earnings results on Tuesday, April 14th. The business services provider reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.08). AstroNova had a negative net margin of 1.58% and a positive return on equity of 1.53%. The company had revenue of $37.54 million for the quarter, compared to analyst estimates of $29.19 million.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded AstroNova to a “buy” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, AstroNova presently has a consensus rating of “Sell”.

AstroNova Profile

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.