Renaissance Technologies LLC Sells 40,450 Shares of Allient Inc. (NASDAQ:ALNT)

Renaissance Technologies LLC lessened its position in Allient Inc. (NASDAQ:ALNT - Free Report) by 22.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,472 shares of the company's stock after selling 40,450 shares during the quarter. Renaissance Technologies LLC owned 0.85% of Allient worth $3,459,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in shares of Allient by 8.1% during the fourth quarter. Invesco Ltd. now owns 22,993 shares of the company's stock valued at $558,000 after buying an additional 1,724 shares during the period. Bank of Montreal Can purchased a new position in Allient during the 4th quarter valued at $2,281,000. Envestnet Asset Management Inc. grew its position in Allient by 56.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 82,890 shares of the company's stock valued at $2,013,000 after acquiring an additional 30,047 shares during the last quarter. Hurley Capital LLC bought a new stake in shares of Allient during the fourth quarter worth $38,000. Finally, Integrated Quantitative Investments LLC purchased a new stake in shares of Allient during the fourth quarter valued at $300,000. 61.57% of the stock is currently owned by institutional investors.

Allient Stock Up 2.9 %

NASDAQ:ALNT opened at $20.90 on Wednesday. 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 firm has a market cap of $354.21 million, a PE ratio of 23.75 and a beta of 1.43. The company has a 50-day moving average of $23.17 and a 200 day moving average of $23.32. Allient Inc. has a 1-year low of $16.91 and a 1-year high of $32.00.

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

Allient Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, March 20th. Allient's payout ratio is 15.00%.

Wall Street Analyst Weigh In

ALNT has been the subject of a number of research analyst reports. Northland Capmk upgraded shares of Allient from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Northland Securities upgraded Allient from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $30.00 to $35.00 in a report 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.