Barclays PLC Acquires 17,216 Shares of Allient Inc. (NASDAQ:ALNT)

Barclays PLC boosted its position in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 61.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,362 shares of the company's stock after acquiring an additional 17,216 shares during the quarter. Barclays PLC owned 0.27% of Allient worth $862,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 DIFC Ltd bought a new position in shares of Allient during the 3rd quarter worth approximately $33,000. Copeland Capital Management LLC acquired a new position in shares of Allient in the third quarter valued at approximately $50,000. Pathway Financial Advisers LLC grew its position in shares of Allient by 1,798.7% in the third quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company's stock valued at $56,000 after purchasing an additional 2,770 shares during the last quarter. Creative Planning bought a new stake in Allient in the 3rd quarter valued at $199,000. Finally, Meixler Investment Management Ltd. boosted its stake in Allient by 11.6% in the 3rd quarter. Meixler Investment Management Ltd. now owns 11,287 shares of the company's stock valued at $214,000 after purchasing an additional 1,172 shares during the period. 61.57% of the stock is owned by institutional investors.

Allient Stock Performance

ALNT stock traded up $0.69 during trading hours on Thursday, hitting $25.63. 50,810 shares of the stock were exchanged, compared to its average volume of 101,740. Allient Inc. has a 12 month low of $16.91 and a 12 month high of $36.33. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. The company has a 50-day simple moving average of $24.88 and a two-hundred day simple moving average of $22.71. The firm has a market capitalization of $431.61 million, a P/E ratio of 29.04 and a beta of 1.61.

Allient (NASDAQ:ALNT - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.10. The firm had revenue of $125.21 million for the quarter, compared to the consensus estimate of $124.28 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. During the same period in the prior year, the company posted $0.61 earnings per share. On average, analysts forecast that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Announces Dividend

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

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.