Dynamic Technology Lab Private Ltd Makes New $386,000 Investment in Allient Inc. (NASDAQ:ALNT)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Allient Inc. (NASDAQ:ALNT - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,323 shares of the company's stock, valued at approximately $386,000. Dynamic Technology Lab Private Ltd owned about 0.12% of Allient at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Diamond Hill Capital Management Inc. lifted its stake in Allient by 29.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 238,844 shares of the company's stock valued at $4,536,000 after purchasing an additional 54,005 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Allient by 56.4% in the third quarter. Assenagon Asset Management S.A. now owns 119,754 shares of the company's stock valued at $2,274,000 after buying an additional 43,167 shares during the period. Empowered Funds LLC purchased a new position in shares of Allient during the 3rd quarter valued at $770,000. Dimensional Fund Advisors LP lifted its position in shares of Allient by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 655,029 shares of the company's stock valued at $16,552,000 after buying an additional 32,455 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Allient by 178.5% during the 2nd quarter. Hsbc Holdings PLC now owns 47,779 shares of the company's stock worth $1,197,000 after acquiring an additional 30,626 shares during the period. 61.57% of the stock is currently owned by institutional investors.

Allient Price Performance

ALNT traded up $0.32 during trading on Friday, reaching $25.97. 71,241 shares of the company were exchanged, compared to its average volume of 198,684. Allient Inc. has a 12-month low of $16.91 and a 12-month high of $36.33. The company's 50-day moving average is $20.44 and its two-hundred day moving average is $22.97. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The company has a market cap of $437.33 million, a price-to-earnings ratio of 29.51 and a beta of 1.51.

Allient (NASDAQ:ALNT - Get Free Report) last announced its quarterly earnings results 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 firm posted $0.61 earnings per share. Research analysts forecast that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.46%. Allient's dividend payout ratio (DPR) is currently 13.64%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Craig Hallum lowered their price objective on Allient from $41.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Northland Securities dropped their price target on shares of Allient from $35.00 to $30.00 and set a "market perform" rating on the stock in a research note on Friday, August 9th. Finally, Roth Mkm cut their price objective on shares of Allient from $39.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, August 13th.

Allient 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.