Allient Inc. (NASDAQ:ALNT) Director Nicole R. Tzetzo Purchases 424 Shares

Allient Inc. (NASDAQ:ALNT) Director Nicole R. Tzetzo bought 424 shares of Allient stock in a transaction dated Friday, June 14th. The stock was purchased at an average price of $24.83 per share, with a total value of $10,527.92. Following the purchase, the director now owns 600 shares in the company, valued at $14,898. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Allient Price Performance

ALNT opened at $24.84 on Tuesday. The firm has a market cap of $416.82 million, a P/E ratio of 16.45 and a beta of 1.60. The firm has a 50-day moving average of $28.59 and a 200 day moving average of $29.48. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.85 and a current ratio of 3.56. Allient Inc. has a fifty-two week low of $24.15 and a fifty-two week high of $40.59.

Allient (NASDAQ:ALNT) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.07. The company had revenue of $146.71 million during the quarter, compared to analyst estimates of $145.84 million. Allient had a net margin of 4.26% and a return on equity of 15.26%. On average, research analysts expect that Allient Inc. will post 1.87 EPS for the current year.

Allient Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $0.12 annualized dividend and a yield of 0.48%. Allient’s payout ratio is currently 7.95%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Northland Securities reiterated a “market perform” rating and issued a $40.00 target price (down previously from $45.00) on shares of Allient in a research note on Thursday, March 7th. Roth Mkm reduced their target price on shares of Allient from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd.

Hedge Funds Weigh In On Allient

Several institutional investors have recently added to or reduced their stakes in ALNT. Shell Asset Management Co. bought a new position in Allient during the first quarter valued at about $35,000. New York State Teachers Retirement System purchased a new stake in Allient during the first quarter valued at about $41,000. Ameritas Investment Partners Inc. purchased a new stake in Allient during the first quarter valued at about $49,000. Allspring Global Investments Holdings LLC purchased a new stake in Allient during the first quarter valued at about $57,000. Finally, EntryPoint Capital LLC purchased a new stake in Allient during the first quarter valued at about $70,000. Institutional investors own 61.57% of the company’s stock.

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.