Integrated Quantitative Investments LLC Takes $300,000 Position in Allient Inc. (NASDAQ:ALNT)

Integrated Quantitative Investments LLC bought a new position in shares of Allient Inc. (NASDAQ:ALNT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,358 shares of the company's stock, valued at approximately $300,000. Integrated Quantitative Investments LLC owned approximately 0.07% of Allient as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. New York State Teachers Retirement System bought a new position in shares of Allient during the 4th quarter worth about $32,000. Point72 DIFC Ltd bought a new position in Allient in the third quarter worth approximately $33,000. Globeflex Capital L P acquired a new stake in Allient in the fourth quarter valued at approximately $118,000. Alliancebernstein L.P. bought a new stake in shares of Allient during the fourth quarter valued at approximately $211,000. Finally, one8zero8 LLC bought a new position in shares of Allient in the 4th quarter worth $214,000. 61.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ALNT. Northland Capmk upgraded shares of Allient from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Northland Securities upgraded 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 report on Tuesday, February 11th.

Allient Stock Down 3.1 %

NASDAQ ALNT traded down $0.66 on Friday, reaching $20.90. The company had a trading volume of 111,581 shares, compared to its average volume of 113,252. Allient Inc. has a 52-week low of $16.91 and a 52-week high of $32.36. 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 stock has a market capitalization of $354.21 million, a P/E ratio of 23.75 and a beta of 1.43. The company's fifty day moving average is $23.78 and its 200 day moving average is $23.19.

Allient (NASDAQ:ALNT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.03. Allient had a net margin of 2.64% and a return on equity of 10.80%. The business had revenue of $122.01 million during the quarter, compared to the consensus estimate of $119.72 million. Sell-side analysts anticipate that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued 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 currently 15.00%.

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.