Acadian Asset Management LLC Purchases 20,160 Shares of Allient Inc. (NASDAQ:ALNT)

Acadian Asset Management LLC boosted its stake in shares of Allient Inc. (NASDAQ:ALNT) by 40.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,305 shares of the company’s stock after acquiring an additional 20,160 shares during the period. Acadian Asset Management LLC owned 0.42% of Allient worth $1,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ALNT. Isthmus Partners LLC raised its holdings in shares of Allient by 0.7% in the second quarter. Isthmus Partners LLC now owns 98,165 shares of the company’s stock valued at $25,000 after acquiring an additional 653 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Allient by 23.2% during the second quarter. Rhumbline Advisers now owns 23,318 shares of the company’s stock valued at $589,000 after acquiring an additional 4,392 shares during the last quarter. Kings Path Partners LLC purchased a new position in shares of Allient in the second quarter valued at approximately $508,000. Meixler Investment Management Ltd. boosted its stake in shares of Allient by 36.2% in the second quarter. Meixler Investment Management Ltd. now owns 10,115 shares of the company’s stock worth $256,000 after acquiring an additional 2,690 shares during the last quarter. Finally, Pullen Investment Management LLC increased its position in shares of Allient by 3.2% during the second quarter. Pullen Investment Management LLC now owns 13,555 shares of the company’s stock worth $343,000 after purchasing an additional 415 shares in the last quarter. 61.57% of the stock is currently owned by institutional investors.

Allient Stock Performance

Shares of ALNT stock opened at $20.44 on Friday. Allient Inc. has a one year low of $18.17 and a one year high of $36.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.00 and a current ratio of 3.90. The firm’s 50 day moving average price is $23.44 and its 200-day moving average price is $27.26. The firm has a market cap of $344.21 million, a P/E ratio of 13.54 and a beta of 1.51.

Allient (NASDAQ:ALNT) last released its quarterly earnings results 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 return on equity of 13.04% and a net margin of 3.35%. The firm had revenue of $136.03 million for the quarter, compared to analysts’ expectations of $137.55 million. During the same quarter in the prior year, the business earned $0.58 earnings per share. As a group, equities research analysts predict that Allient Inc. will post 1.29 EPS for the current year.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, August 22nd. Allient’s payout ratio is 7.95%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ALNT. Northland Securities dropped their price objective on shares of Allient from $35.00 to $30.00 and set a “market perform” rating for the company in a report on Friday, August 9th. Roth Mkm decreased their price objective on 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 cut their target price on Allient from $41.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 9th.

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.