Polar Asset Management Partners Inc. Invests $908,000 in AstroNova, Inc. $ALOT

Polar Asset Management Partners Inc. acquired a new position in AstroNova, Inc. (NASDAQ:ALOT) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 31,897 shares of the business services provider’s stock, valued at approximately $908,000.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of AstroNova during the second quarter worth approximately $2,864,000. Walleye Capital LLC bought a new stake in shares of AstroNova during the 2nd quarter valued at $2,723,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of AstroNova in the 2nd quarter worth about $1,016,000. Marquette Asset Management LLC bought a new position in shares of AstroNova in the 2nd quarter worth about $542,000. Finally, DRW Securities LLC purchased a new position in AstroNova during the 4th quarter valued at about $125,000. Hedge funds and other institutional investors own 43.02% of the company’s stock.

AstroNova Stock Performance

NASDAQ:ALOT opened at $28.99 on Thursday. AstroNova, Inc. has a 52 week low of $6.96 and a 52 week high of $29.00. The company’s 50 day moving average price is $28.71 and its 200-day moving average price is $17.90. The company has a quick ratio of 0.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. The stock has a market cap of $227.28 million, a price-to-earnings ratio of -161.05 and a beta of 0.85.

AstroNova (NASDAQ:ALOT) last announced its quarterly earnings results on Monday, June 8th. The business services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.14. The firm had revenue of $39.36 million for the quarter, compared to the consensus estimate of $30.67 million. AstroNova had a positive return on equity of 2.94% and a negative net margin of 0.88%.During the same period in the prior year, the company posted ($0.05) earnings per share.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of AstroNova in a report on Friday, July 17th. Wall Street Zen upgraded shares of AstroNova from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average 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.