Allient Inc. (NASDAQ:ALNT) Short Interest Update

Allient Inc. (NASDAQ:ALNT) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 156,400 shares, an increase of 9.1% from the September 30th total of 143,300 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 125,500 shares, the days-to-cover ratio is presently 1.2 days.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Allient

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new position in Allient during the 1st quarter valued at about $1,110,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Allient during the 1st quarter worth approximately $1,332,000. Gabelli Funds LLC acquired a new stake in shares of Allient during the first quarter valued at $2,461,000. Kennedy Capital Management LLC acquired a new position in shares of Allient in the first quarter valued at approximately $2,352,000. Finally, Silvercrest Asset Management Group LLC acquired a new position in Allient in the first quarter valued at $5,696,000. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Stock Down 0.1 %

Allient stock opened at $17.56 on Thursday. The firm has a market cap of $294.59 million, a price-to-earnings ratio of 11.63 and a beta of 1.50. Allient has a 52 week low of $16.91 and a 52 week high of $36.33. The business’s 50-day moving average price is $19.24 and its 200 day moving average price is $24.06. The company has a quick ratio of 2.00, a current ratio of 3.90 and a debt-to-equity ratio of 0.89.

Allient (NASDAQ:ALNT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). Allient had a net margin of 3.35% and a return on equity of 13.04%. The business had revenue of $136.03 million during the quarter, compared to analyst estimates of $137.55 million. During the same period in the previous year, the business posted $0.58 earnings per share. As a group, sell-side analysts anticipate that Allient will post 1.29 earnings per share for the current year.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, August 22nd. This represents a $0.12 annualized dividend and a yield of 0.68%. Allient’s dividend payout ratio is presently 7.95%.

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.