40,546 Shares in Allient Inc. (NASDAQ:ALNT) Acquired by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in Allient Inc. (NASDAQ:ALNT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 40,546 shares of the company’s stock, valued at approximately $770,000. Empowered Funds LLC owned 0.24% of Allient at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ALNT. Meixler Investment Management Ltd. grew its holdings in shares of Allient by 11.6% in the 3rd quarter. Meixler Investment Management Ltd. now owns 11,287 shares of the company’s stock worth $214,000 after purchasing an additional 1,172 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in Allient by 29.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 238,844 shares of the company’s stock worth $4,536,000 after buying an additional 54,005 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in Allient by 7.9% during the third quarter. Pinnacle Associates Ltd. now owns 267,806 shares of the company’s stock worth $5,086,000 after buying an additional 19,622 shares during the last quarter. Pullen Investment Management LLC increased its holdings in shares of Allient by 14.7% during the third quarter. Pullen Investment Management LLC now owns 15,546 shares of the company’s stock worth $295,000 after buying an additional 1,991 shares in the last quarter. Finally, Pathway Financial Advisers LLC raised its stake in shares of Allient by 1,798.7% in the third quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company’s stock valued at $56,000 after acquiring an additional 2,770 shares during the last quarter. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Allient Stock Down 0.2 %

Shares of NASDAQ ALNT opened at $24.57 on Friday. Allient Inc. has a 52-week low of $16.91 and a 52-week high of $36.33. 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 stock has a market cap of $413.76 million, a P/E ratio of 27.92 and a beta of 1.51. The firm has a 50 day moving average price of $19.93 and a 200 day moving average price of $23.21.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.10. The company had revenue of $125.21 million during the quarter, compared to analyst estimates of $124.28 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. During the same quarter in the previous year, the business earned $0.61 EPS. Analysts expect that Allient Inc. will post 1.43 EPS for the current year.

Allient Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, November 21st. Allient’s dividend payout ratio is currently 13.64%.

Analyst Upgrades and Downgrades

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

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.