Gamco Investors INC. ET AL Acquires 29,500 Shares of Allient Inc. (NASDAQ:ALNT)

Gamco Investors INC. ET AL raised its stake in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 20.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 171,110 shares of the company's stock after purchasing an additional 29,500 shares during the period. Gamco Investors INC. ET AL owned 1.02% of Allient worth $4,155,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ALNT. New York State Teachers Retirement System bought a new stake in Allient during the fourth quarter valued at about $32,000. Hurley Capital LLC bought a new stake in Allient during the fourth quarter valued at about $38,000. Globeflex Capital L P bought a new stake in Allient during the fourth quarter valued at about $118,000. Alliancebernstein L.P. bought a new stake in Allient during the fourth quarter valued at about $211,000. Finally, one8zero8 LLC bought a new stake in Allient during the fourth quarter valued at about $214,000. Institutional investors own 61.57% of the company's stock.

Allient Price Performance

Shares of NASDAQ ALNT traded up $0.17 during mid-day trading on Wednesday, reaching $21.07. The company's stock had a trading volume of 12,755 shares, compared to its average volume of 113,402. The firm has a market capitalization of $357.09 million, a PE ratio of 23.94 and a beta of 1.43. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18. The stock has a fifty day moving average of $23.17 and a two-hundred day moving average of $23.32. Allient Inc. has a 52 week low of $16.91 and a 52 week high of $32.00.

Allient (NASDAQ:ALNT - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.31 EPS 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 the consensus estimate of $119.72 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. As a group, sell-side analysts anticipate that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.03 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.12 dividend on an annualized basis and a yield of 0.57%. Allient's dividend payout ratio (DPR) is presently 15.00%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ALNT. Northland Securities raised Allient from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $30.00 to $35.00 in a research note on Tuesday, February 11th. Northland Capmk raised Allient from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th.

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.