Parcion Private Wealth LLC Has $1.76 Million Position in Allient Inc. (NASDAQ:ALNT)

Parcion Private Wealth LLC lowered its stake in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 62.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,752 shares of the company's stock after selling 154,779 shares during the quarter. Parcion Private Wealth LLC owned about 0.55% of Allient worth $1,761,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ALNT. Juniper Investment Company LLC bought a new stake in Allient during the first quarter worth $27,069,000. Vanguard Group Inc. lifted its position in shares of Allient by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 728,813 shares of the company's stock worth $26,004,000 after buying an additional 9,680 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Allient by 5.2% in the second 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 in the last quarter. Wasatch Advisors LP bought a new stake in shares of Allient during the 1st quarter valued at approximately $20,914,000. Finally, Russell Investments Group Ltd. bought a new position in Allient in the 1st quarter valued at approximately $5,723,000. Institutional investors own 61.57% of the company's stock.

Allient Trading Up 3.4 %

Shares of ALNT stock traded up $0.59 during trading hours on Friday, hitting $17.91. 174,152 shares of the company's stock traded hands, compared to its average volume of 107,828. The stock has a market cap of $301.60 million, a PE ratio of 15.44 and a beta of 1.50. The stock's 50 day simple moving average is $19.43 and its 200 day simple moving average is $24.36. The company has a quick ratio of 2.00, a current ratio of 3.90 and a debt-to-equity ratio of 0.89. 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 posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.11). Allient had a net margin of 3.35% and a return on equity of 13.04%. The company had revenue of $136.03 million during the quarter, compared to analyst estimates of $137.55 million. During the same quarter in the previous year, the company earned $0.58 earnings per share. On average, sell-side analysts anticipate that Allient Inc. will post 1.29 EPS for the current year.

Allient Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Thursday, August 22nd. Allient's dividend payout ratio is currently 10.34%.

Wall Street Analysts Forecast Growth

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

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.