White Pine Capital LLC Purchases New Shares in Allient Inc. (NASDAQ:ALNT)

White Pine Capital LLC acquired a new stake in Allient Inc. (NASDAQ:ALNT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,748 shares of the company's stock, valued at approximately $407,000. White Pine Capital LLC owned about 0.10% of Allient as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its position in Allient by 843.2% during the 3rd quarter. FMR LLC now owns 1,153,537 shares of the company's stock worth $21,906,000 after buying an additional 1,031,243 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Allient by 23,963.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company's stock worth $9,948,000 after buying an additional 404,505 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in Allient by 29.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 238,844 shares of the company's stock worth $4,536,000 after buying an additional 54,005 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Allient by 56.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 119,754 shares of the company's stock worth $2,274,000 after buying an additional 43,167 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in Allient during the 3rd quarter worth approximately $770,000. 61.57% of the stock is owned by hedge funds and other institutional investors.

Allient Stock Performance

Shares of NASDAQ:ALNT traded up $0.51 during trading on Tuesday, hitting $27.06. 56,005 shares of the stock traded hands, compared to its average volume of 88,868. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The company has a market cap of $455.67 million, a price-to-earnings ratio of 30.75 and a beta of 1.61. The company has a fifty day moving average price of $25.17 and a two-hundred day moving average price of $22.50. Allient Inc. has a 52-week low of $16.91 and a 52-week high of $36.33.

Analyst Ratings Changes

A number of research firms have issued reports on ALNT. Northland Capmk raised shares of Allient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Northland Securities raised shares of Allient from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $30.00 to $35.00 in a research report on Tuesday, February 11th.

Allient Company 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.