Allient Inc. (NASDAQ:ALNT) Short Interest Update

Allient Inc. (NASDAQ:ALNT - Get Free Report) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 180,000 shares, a drop of 12.6% from the December 15th total of 206,000 shares. Based on an average trading volume of 144,500 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.3% of the shares of the stock are short sold.

Allient Price Performance

ALNT stock traded up $0.20 during midday trading on Friday, reaching $25.80. 168,526 shares of the stock were exchanged, compared to its average volume of 111,966. The company has a fifty day moving average price of $24.95 and a 200 day moving average price of $22.73. Allient has a 52 week low of $16.91 and a 52 week high of $36.33. The stock has a market capitalization of $434.47 million, a PE ratio of 29.32 and a beta of 1.61. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18.

Allient (NASDAQ:ALNT - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.10. Allient had a net margin of 2.64% and a return on equity of 10.80%. The business had revenue of $125.21 million during the quarter, compared to analyst estimates of $124.28 million. During the same quarter last year, the business earned $0.61 EPS. As a group, analysts expect that Allient will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.47%. The ex-dividend date was Thursday, November 21st. Allient's dividend payout ratio is currently 13.64%.

Institutional Investors Weigh In On Allient

A number of institutional investors have recently made changes to their positions in ALNT. Point72 DIFC Ltd acquired a new position in shares of Allient in the third quarter worth approximately $33,000. Copeland Capital Management LLC bought a new stake in shares of Allient in the 3rd quarter valued at $50,000. Pathway Financial Advisers LLC increased its position in shares of Allient by 1,798.7% during the third quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company's stock worth $56,000 after buying an additional 2,770 shares during the period. Creative Planning bought a new position in Allient during the third quarter worth $199,000. Finally, Meixler Investment Management Ltd. lifted its holdings in Allient by 11.6% in the third quarter. Meixler Investment Management Ltd. now owns 11,287 shares of the company's stock valued at $214,000 after buying an additional 1,172 shares during the period. Institutional investors own 61.57% of the company's stock.

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.