Allient Inc. (NASDAQ:ALNT) Short Interest Update

Allient Inc. (NASDAQ:ALNT) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 190,600 shares, a decrease of 22.8% from the February 28th total of 246,800 shares. Based on an average daily volume of 86,200 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.4% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ALNT shares. Northland Securities raised Allient from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $30.00 to $35.00 in a research note on Tuesday, February 11th. Northland Capmk raised shares of Allient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th.

Allient Price Performance

Shares of NASDAQ:ALNT opened at $22.49 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. The company has a market capitalization of $378.84 million, a PE ratio of 25.56 and a beta of 1.59. The stock has a fifty day moving average of $24.88 and a 200-day moving average of $23.15. Allient has a one year low of $16.91 and a one year high of $35.85.

Allient (NASDAQ:ALNT) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. Allient had a return on equity of 10.80% and a net margin of 2.64%. The firm had revenue of $122.01 million for the quarter, compared to analysts’ expectations 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 company also recently declared 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. The ex-dividend date is Thursday, March 20th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.53%. Allient’s dividend payout ratio is currently 15.00%.

Institutional Trading of Allient

Large investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new stake in Allient in the 4th quarter worth about $32,000. Point72 DIFC Ltd purchased a new position in Allient during the 3rd quarter valued at about $33,000. Hurley Capital LLC acquired a new stake in shares of Allient during the 4th quarter valued at $38,000. Public Employees Retirement System of Ohio purchased a new position in shares of Allient during the 4th quarter valued at $41,000. Finally, Globeflex Capital L P purchased a new position in shares of Allient during the 4th quarter valued at $118,000. 61.57% of the stock is owned by institutional investors and hedge funds.

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.