Allient Inc. (NASDAQ:ALNT) Short Interest Update

Allient Inc. (NASDAQ:ALNT) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 246,800 shares, a growth of 29.4% from the February 13th total of 190,700 shares. Based on an average daily trading volume, of 93,900 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ALNT. FMR LLC lifted its stake in Allient by 843.2% during the third quarter. FMR LLC now owns 1,153,537 shares of the company’s stock worth $21,906,000 after purchasing an additional 1,031,243 shares during the last quarter. Juniper Investment Company LLC lifted its position in Allient by 14.6% in the 4th quarter. Juniper Investment Company LLC now owns 869,149 shares of the company’s stock worth $21,103,000 after buying an additional 110,497 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Allient by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 702,254 shares of the company’s stock worth $17,051,000 after buying an additional 3,326 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Allient by 23,963.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company’s stock valued at $9,948,000 after acquiring an additional 404,505 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Allient by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 345,726 shares of the company’s stock worth $8,396,000 after acquiring an additional 1,560 shares in the last quarter. Institutional investors own 61.57% of the company’s stock.

Allient Price Performance

Shares of NASDAQ ALNT opened at $23.65 on Monday. The firm has a market capitalization of $398.38 million, a P/E ratio of 26.88 and a beta of 1.59. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The stock’s 50-day simple moving average is $25.15 and its two-hundred day simple moving average is $22.91. Allient has a twelve month low of $16.91 and a twelve month high of $36.33.

Allient (NASDAQ:ALNT) last announced its earnings results on Wednesday, March 5th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Allient had a net margin of 2.64% and a return on equity of 10.80%. The business had revenue of $122.01 million for the quarter, compared to the consensus estimate of $119.72 million. As a group, equities analysts anticipate that Allient will post 1.43 EPS for the current fiscal year.

Allient Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Thursday, March 20th. Allient’s dividend payout ratio is currently 15.00%.

Analyst Upgrades and Downgrades

ALNT has been the topic of a number of recent analyst reports. Northland Capmk raised shares of Allient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Northland Securities upgraded shares of Allient from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $30.00 to $35.00 in a research note on Tuesday, February 11th.

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.