Allient Inc. (NASDAQ:ALNT) Short Interest Update

Allient Inc. (NASDAQ:ALNT - Get Free Report) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 190,600 shares, a decline of 22.8% from the February 28th total of 246,800 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily volume of 86,200 shares, the short-interest ratio is currently 2.2 days.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ALNT shares. Northland Securities upgraded shares of Allient from a "market perform" rating to an "outperform" rating and raised their target price for the company from $30.00 to $35.00 in a report on Tuesday, February 11th. Northland Capmk upgraded Allient from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th.

Hedge Funds Weigh In On Allient

Large investors have recently added to or reduced their stakes in the business. Pullen Investment Management LLC increased its stake in shares of Allient by 205.7% during the 4th quarter. Pullen Investment Management LLC now owns 47,528 shares of the company's stock valued at $1,154,000 after acquiring an additional 31,982 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Allient during the 4th quarter valued at $41,000. Man Group plc increased its holdings in shares of Allient by 77.0% during the 4th quarter. Man Group plc now owns 44,285 shares of the company's stock worth $1,075,000 after buying an additional 19,263 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Allient by 4.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,346 shares of the company's stock worth $203,000 after buying an additional 380 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in Allient by 84.6% in the fourth quarter. Lazard Asset Management LLC now owns 54,769 shares of the company's stock valued at $1,329,000 after acquiring an additional 25,101 shares during the last quarter. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Allient Price Performance

ALNT stock traded down $1.65 during trading on Thursday, hitting $20.43. The stock had a trading volume of 91,400 shares, compared to its average volume of 110,801. The stock has a market cap of $346.25 million, a price-to-earnings ratio of 23.22 and a beta of 1.59. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. The company's 50 day moving average price is $24.51 and its two-hundred day moving average price is $23.16. Allient has a 1-year low of $16.91 and a 1-year high of $34.18.

Allient (NASDAQ:ALNT - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The firm had revenue of $122.01 million during the quarter, compared to analysts' expectations of $119.72 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. On average, sell-side analysts forecast that Allient will post 1.43 EPS for the current fiscal year.

Allient Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a $0.03 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.12 annualized dividend and a yield of 0.59%. Allient's payout ratio is currently 15.00%.

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.