Allient Inc. (NASDAQ:ALNT) Short Interest Update

Allient Inc. (NASDAQ:ALNT - Get Free Report) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 246,800 shares, an increase of 29.4% from the February 13th total of 190,700 shares. Based on an average daily volume of 93,900 shares, the short-interest ratio is presently 2.6 days. Currently, 1.8% of the company's shares are sold short.

Institutional Investors Weigh In On Allient

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Allient by 4.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,346 shares of the company's stock valued at $203,000 after buying an additional 380 shares during the last quarter. Gabelli Funds LLC raised its position in Allient by 1.3% in the 4th quarter. Gabelli Funds LLC now owns 77,569 shares of the company's stock valued at $1,883,000 after buying an additional 1,000 shares during the last quarter. Aquatic Capital Management LLC raised its position in Allient by 17.1% in the 4th quarter. Aquatic Capital Management LLC now owns 7,847 shares of the company's stock valued at $191,000 after buying an additional 1,147 shares during the last quarter. New York State Teachers Retirement System bought a new position in Allient in the 4th quarter valued at $32,000. Finally, Hurley Capital LLC bought a new position in Allient in the 4th quarter valued at $38,000. 61.57% of the stock is owned by hedge funds and other institutional investors.

Allient Stock Down 1.6 %

Shares of NASDAQ:ALNT traded down $0.38 during trading on Thursday, reaching $23.85. 28,696 shares of the stock were exchanged, compared to its average volume of 107,399. 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 has a 1-year low of $16.91 and a 1-year high of $36.33. The stock has a fifty day moving average of $25.06 and a two-hundred day moving average of $22.95. The firm has a market cap of $401.69 million, a price-to-earnings ratio of 27.17 and a beta of 1.59.

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Allient (NASDAQ:ALNT - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.03. The company had revenue of $122.01 million for the quarter, compared to analyst estimates of $119.72 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. Research analysts anticipate that Allient will post 1.43 earnings per share for the current fiscal year.

Allient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Thursday, March 20th. Allient's payout ratio is currently 15.00%.

Wall Street Analyst Weigh In

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

About Allient

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.