Nkcfo LLC acquired a new stake in shares of Allient Inc. (NASDAQ:ALNT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,000 shares of the company's stock, valued at approximately $364,000. Nkcfo LLC owned 0.09% of Allient as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new stake in shares of Allient during the 4th quarter valued at $32,000. Point72 DIFC Ltd purchased a new stake in shares of Allient during the 3rd quarter valued at $33,000. Copeland Capital Management LLC purchased a new stake in shares of Allient during the 3rd quarter valued at $50,000. Pathway Financial Advisers LLC grew its stake in shares of Allient by 1,798.7% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company's stock valued at $56,000 after buying an additional 2,770 shares during the period. Finally, Creative Planning purchased a new stake in shares of Allient during the 3rd quarter valued at $199,000. 61.57% of the stock is owned by hedge funds and other institutional investors.
Allient Stock Down 1.0 %
Shares of NASDAQ:ALNT traded down $0.28 during midday trading on Wednesday, hitting $26.77. 49,692 shares of the company's stock traded hands, compared to its average volume of 87,644. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. The company has a market cap of $450.81 million, a PE ratio of 30.42 and a beta of 1.61. The firm's fifty day moving average price is $25.16 and its two-hundred day moving average price is $22.54. Allient Inc. has a twelve month low of $16.91 and a twelve month high of $36.33.
Analysts Set New Price Targets
ALNT has been the subject of several research reports. Northland Capmk raised 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 lifted their target price for the company from $30.00 to $35.00 in a report on Tuesday, February 11th.
Check Out Our Latest Research Report on ALNT
Allient Profile
(
Free Report)
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.
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