Allient Inc. (NASDAQ:ALNT) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in Allient Inc. (NASDAQ:ALNT - Free Report) by 56.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,890 shares of the company's stock after purchasing an additional 30,047 shares during the period. Envestnet Asset Management Inc. owned approximately 0.49% of Allient worth $2,013,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. New York State Teachers Retirement System purchased a new position in Allient during the 4th quarter valued at about $32,000. Hurley Capital LLC purchased a new position in Allient during the 4th quarter valued at about $38,000. Globeflex Capital L P purchased a new position in Allient during the 4th quarter valued at about $118,000. Alliancebernstein L.P. purchased a new position in Allient during the 4th quarter valued at about $211,000. Finally, one8zero8 LLC purchased a new stake in shares of Allient during the fourth quarter worth about $214,000. Institutional investors and hedge funds own 61.57% of the company's stock.

Wall Street Analyst Weigh In

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

Allient Price Performance

ALNT opened at $21.67 on Monday. The company's 50 day simple moving average is $22.85 and its 200 day simple moving average is $23.42. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. Allient Inc. has a 1 year low of $16.91 and a 1 year high of $32.00. The stock has a market capitalization of $367.26 million, a PE ratio of 24.63 and a beta of 1.43.

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

Allient Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.03 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.12 dividend on an annualized basis and a yield of 0.55%. Allient's dividend payout ratio (DPR) is 15.00%.

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.

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