Allient Inc. (NASDAQ:ALNT) Sees Significant Growth in Short Interest

Allient Inc. (NASDAQ:ALNT - Get Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 206,000 shares, a growth of 22.0% from the November 30th total of 168,800 shares. Based on an average daily trading volume, of 144,800 shares, the short-interest ratio is presently 1.4 days. Currently, 1.5% of the shares of the company are short sold.

Allient Stock Performance

Shares of ALNT traded down $0.52 during mid-day trading on Friday, reaching $24.03. The company's stock had a trading volume of 66,004 shares, compared to its average volume of 104,999. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. The stock has a market cap of $404.79 million, a P/E ratio of 27.31 and a beta of 1.61. Allient has a 1-year low of $16.91 and a 1-year high of $36.33. The business has a 50-day simple moving average of $23.12 and a two-hundred day simple moving average of $22.74.

Allient (NASDAQ:ALNT - Get Free Report) last released 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. The firm had revenue of $125.21 million during the quarter, compared to analysts' expectations of $124.28 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. During the same period in the previous year, the business posted $0.61 earnings per share. As a group, equities research analysts anticipate that Allient will post 1.43 earnings per share for the current fiscal year.

Allient Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were issued a $0.03 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.12 annualized dividend and a yield of 0.50%. Allient's dividend payout ratio is currently 13.64%.

Institutional Investors Weigh In On Allient

Hedge funds have recently bought and sold shares of the stock. Isthmus Partners LLC boosted its position in shares of Allient by 0.7% in the second quarter. Isthmus Partners LLC now owns 98,165 shares of the company's stock valued at $25,000 after acquiring an additional 653 shares during the period. Algert Global LLC raised its stake in Allient by 5.2% in the 2nd quarter. Algert Global LLC now owns 13,993 shares of the company's stock worth $354,000 after purchasing an additional 689 shares in the last quarter. Meixler Investment Management Ltd. boosted its holdings in Allient by 11.6% in the 3rd quarter. Meixler Investment Management Ltd. now owns 11,287 shares of the company's stock valued at $214,000 after purchasing an additional 1,172 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Allient during the 3rd quarter worth approximately $33,000. Finally, Pullen Investment Management LLC increased its holdings in shares of Allient by 14.7% during the third quarter. Pullen Investment Management LLC now owns 15,546 shares of the company's stock worth $295,000 after purchasing an additional 1,991 shares during the period. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Allient Company 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.