Short Interest in AstroNova, Inc. (NASDAQ:ALOT) Decreases By 21.0%

AstroNova, Inc. (NASDAQ:ALOT - Get Free Report) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 10,900 shares, a drop of 21.0% from the March 15th total of 13,800 shares. Based on an average daily volume of 10,000 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mink Brook Asset Management LLC acquired a new stake in shares of AstroNova during the 4th quarter worth about $4,507,000. Bridgeway Capital Management LLC grew its stake in AstroNova by 7.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider's stock worth $472,000 after buying an additional 2,574 shares during the last quarter. Northern Trust Corp grew its stake in AstroNova by 14.6% during the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider's stock worth $785,000 after buying an additional 8,314 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of AstroNova by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider's stock worth $847,000 after buying an additional 1,226 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of AstroNova by 22.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider's stock valued at $1,003,000 after acquiring an additional 15,544 shares during the last quarter. 43.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on AstroNova in a research report on Friday, April 18th. They issued a "buy" rating for the company.

AstroNova Price Performance

NASDAQ ALOT traded up $0.10 on Wednesday, reaching $7.93. The company's stock had a trading volume of 5,182 shares, compared to its average volume of 13,446. The firm has a market cap of $60.07 million, a PE ratio of 15.86 and a beta of 0.49. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. AstroNova has a 52 week low of $7.53 and a 52 week high of $18.25. The business has a 50-day moving average price of $9.73 and a 200 day moving average price of $12.08.

AstroNova (NASDAQ:ALOT - Get Free Report) last issued its earnings results on Monday, April 14th. The business services provider reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $37.36 million during the quarter. AstroNova had a return on equity of 5.21% and a net margin of 2.49%.

AstroNova Company Profile

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates in two segments, Product Identification (PI) and Test & Measurement (T&M).