Aviso Financial Inc. Acquires New Position in Allient Inc. (NASDAQ:ALNT)

Aviso Financial Inc. bought a new position in Allient Inc. (NASDAQ:ALNT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 33,800 shares of the company's stock, valued at approximately $821,000. Aviso Financial Inc. owned 0.20% of Allient as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Allient by 7.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,077 shares of the company's stock worth $1,483,000 after purchasing an additional 4,381 shares in the last quarter. AlphaQuest LLC raised its holdings in Allient by 283.4% in the 4th quarter. AlphaQuest LLC now owns 9,889 shares of the company's stock worth $240,000 after purchasing an additional 7,310 shares in the last quarter. Raymond James Financial Inc. bought a new position in Allient in the 4th quarter worth $805,000. Charles Schwab Investment Management Inc. raised its holdings in Allient by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 72,179 shares of the company's stock worth $1,753,000 after purchasing an additional 1,779 shares in the last quarter. Finally, Mission Wealth Management LP bought a new position in Allient in the 4th quarter worth $349,000. 61.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Remove Ads

Allient Stock Up 2.5 %

Shares of NASDAQ:ALNT traded up $0.60 during midday trading on Wednesday, reaching $24.26. The company's stock had a trading volume of 92,332 shares, compared to its average volume of 107,447. The firm has a 50 day moving average of $25.08 and a 200-day moving average of $22.94. The firm has a market capitalization of $408.66 million, a P/E ratio of 27.57 and a beta of 1.59. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. Allient Inc. has a 12-month low of $16.91 and a 12-month high of $36.33.

Allient (NASDAQ:ALNT - Get Free Report) last released 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 firm had revenue of $122.01 million for the quarter, compared to the consensus estimate of $119.72 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. On average, research analysts anticipate that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, March 20th. Allient's dividend payout ratio (DPR) is 15.00%.

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.