Allient Inc. (NASDAQ:ALNT) Shares Sold by Parcion Private Wealth LLC

Parcion Private Wealth LLC lessened its holdings in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 61.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,398 shares of the company's stock after selling 57,354 shares during the period. Parcion Private Wealth LLC owned approximately 0.21% of Allient worth $859,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. New York State Teachers Retirement System acquired a new stake in shares of Allient during the 4th quarter valued at approximately $32,000. Point72 DIFC Ltd purchased a new position in Allient in the 3rd quarter valued at approximately $33,000. Copeland Capital Management LLC acquired a new position in Allient during the third quarter worth $50,000. Pathway Financial Advisers LLC boosted its position in Allient by 1,798.7% during the third quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company's stock worth $56,000 after purchasing an additional 2,770 shares in the last quarter. Finally, Creative Planning purchased a new stake in Allient during the third quarter worth $199,000. Hedge funds and other institutional investors own 61.57% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ALNT shares. Northland Securities raised Allient from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $30.00 to $35.00 in a research note on Tuesday, February 11th. Northland Capmk upgraded shares of Allient from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th.

Allient Price Performance

NASDAQ:ALNT traded down $0.32 during trading hours on Monday, reaching $26.27. 57,785 shares of the company traded hands, compared to its average volume of 87,655. Allient Inc. has a 1-year low of $16.91 and a 1-year high of $36.33. The stock has a market cap of $442.48 million, a P/E ratio of 30.12 and a beta of 1.61. The firm's 50-day moving average is $25.20 and its 200-day moving average is $22.57. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18.

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.