Quest Partners LLC Has $49,000 Position in Allient Inc. (NASDAQ:ALNT)

Quest Partners LLC trimmed its position in Allient Inc. (NASDAQ:ALNT) by 56.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,579 shares of the company’s stock after selling 3,397 shares during the quarter. Quest Partners LLC’s holdings in Allient were worth $49,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ALNT. Empowered Funds LLC acquired a new position in shares of Allient in the third quarter valued at about $770,000. Meixler Investment Management Ltd. grew its position in shares of Allient by 11.6% during the 3rd quarter. Meixler Investment Management Ltd. now owns 11,287 shares of the company’s stock worth $214,000 after purchasing an additional 1,172 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Allient by 29.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 238,844 shares of the company’s stock worth $4,536,000 after purchasing an additional 54,005 shares during the period. Pinnacle Associates Ltd. raised its position in shares of Allient by 7.9% in the third quarter. Pinnacle Associates Ltd. now owns 267,806 shares of the company’s stock valued at $5,086,000 after buying an additional 19,622 shares in the last quarter. Finally, Pullen Investment Management LLC boosted its stake in shares of Allient by 14.7% in the third quarter. Pullen Investment Management LLC now owns 15,546 shares of the company’s stock valued at $295,000 after buying an additional 1,991 shares during the period. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Stock Up 1.2 %

Shares of NASDAQ ALNT opened at $25.97 on Friday. Allient Inc. has a 1 year low of $16.91 and a 1 year high of $36.33. 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 $437.46 million, a PE ratio of 29.51 and a beta of 1.51. The company has a 50 day simple moving average of $20.44 and a 200 day simple moving average of $23.01.

Allient (NASDAQ:ALNT) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.10. Allient had a return on equity of 10.80% and a net margin of 2.64%. The company had revenue of $125.21 million during the quarter, compared to analysts’ expectations of $124.28 million. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, research analysts forecast that Allient Inc. 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. Shareholders of record on Thursday, November 21st will be issued a $0.03 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.12 dividend on an annualized basis and a yield of 0.46%. Allient’s payout ratio is currently 13.64%.

Analyst Upgrades and Downgrades

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

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.