Teton Advisors Inc. Sells 20,000 Shares of Allient Inc. (NASDAQ:ALNT)

Teton Advisors Inc. lowered its holdings in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 21.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,500 shares of the company's stock after selling 20,000 shares during the period. Allient comprises 0.9% of Teton Advisors Inc.'s portfolio, making the stock its 29th largest holding. Teton Advisors Inc. owned approximately 0.43% of Allient worth $1,760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its position in Allient by 23,963.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company's stock valued at $9,948,000 after acquiring an additional 404,505 shares during the period. Geode Capital Management LLC boosted its stake in shares of Allient by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 345,726 shares of the company's stock valued at $8,396,000 after purchasing an additional 1,560 shares in the last quarter. State Street Corp grew its holdings in shares of Allient by 0.8% in the 3rd quarter. State Street Corp now owns 306,239 shares of the company's stock worth $5,815,000 after purchasing an additional 2,453 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Allient during the 4th quarter worth about $7,268,000. Finally, Gamco Investors INC. ET AL lifted its holdings in Allient by 20.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 171,110 shares of the company's stock valued at $4,155,000 after purchasing an additional 29,500 shares during the last quarter. Institutional investors own 61.57% of the company's stock.

Wall Street Analysts Forecast Growth

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

Allient Price Performance

ALNT traded down $0.13 during midday trading on Friday, hitting $21.02. The company had a trading volume of 74,733 shares, compared to its average volume of 113,694. Allient Inc. has a twelve month low of $16.91 and a twelve month high of $32.00. The company has a market capitalization of $356.25 million, a PE ratio of 23.89 and a beta of 1.43. 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 firm's 50-day simple moving average is $23.39 and its 200-day simple moving average is $23.24.

Allient (NASDAQ:ALNT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.31 earnings per share 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%. Equities research analysts predict that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, March 20th. Allient's dividend payout ratio is 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.