Allient Inc. (NASDAQ:ALNT) Sees Large Decline in Short Interest

Allient Inc. (NASDAQ:ALNT - Get Free Report) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 170,400 shares, a drop of 33.6% from the October 31st total of 256,700 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 149,400 shares, the short-interest ratio is currently 1.1 days.

Analyst Ratings Changes

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

Allient Trading Up 1.2 %

Shares of ALNT traded up $0.32 during midday trading on Friday, hitting $25.97. The stock had a trading volume of 71,186 shares, compared to its average volume of 104,290. The business has a 50-day simple moving average of $20.32 and a two-hundred day simple moving average of $23.07. The firm has a market cap of $437.46 million, a P/E ratio of 29.15 and a beta of 1.51. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. Allient has a fifty-two week low of $16.91 and a fifty-two week high of $36.33.

Allient (NASDAQ:ALNT - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.10. Allient had a net margin of 2.64% and a return on equity of 10.80%. The firm had revenue of $125.21 million during the quarter, compared to analyst estimates of $124.28 million. During the same quarter last year, the business posted $0.61 EPS. As a group, equities analysts forecast that Allient will post 1.43 EPS for the current year.

Allient Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a $0.03 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.12 annualized dividend and a dividend yield of 0.46%. Allient's dividend payout ratio (DPR) is presently 13.64%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC grew its stake in Allient by 798.2% during the 2nd quarter. CWM LLC now owns 1,006 shares of the company's stock valued at $25,000 after acquiring an additional 894 shares in the last quarter. Isthmus Partners LLC grew its position in Allient by 0.7% during the second quarter. Isthmus Partners LLC now owns 98,165 shares of the company's stock valued at $25,000 after purchasing an additional 653 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Allient in the 3rd quarter worth approximately $33,000. Copeland Capital Management LLC acquired a new stake in shares of Allient during the 3rd quarter valued at $50,000. Finally, Pathway Financial Advisers LLC grew its holdings 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 acquiring an additional 2,770 shares in the last quarter. Hedge funds and other institutional investors own 61.57% of the company's stock.

About Allient

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.