Jane Street Group LLC Purchases 12,451 Shares of Allient Inc. (NASDAQ:ALNT)

Jane Street Group LLC increased its position in shares of Allient Inc. (NASDAQ:ALNT) by 56.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,318 shares of the company’s stock after purchasing an additional 12,451 shares during the period. Jane Street Group LLC owned 0.20% of Allient worth $652,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in Allient by 13.5% during the second quarter. Bank of New York Mellon Corp now owns 98,012 shares of the company’s stock valued at $2,477,000 after acquiring an additional 11,629 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Allient by 143.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 3,856 shares of the company’s stock worth $97,000 after purchasing an additional 2,271 shares in the last quarter. Rhumbline Advisers raised its stake in Allient by 23.2% during the 2nd quarter. Rhumbline Advisers now owns 23,318 shares of the company’s stock valued at $589,000 after purchasing an additional 4,392 shares during the period. Isthmus Partners LLC lifted its holdings in Allient by 0.7% in the 2nd quarter. Isthmus Partners LLC now owns 98,165 shares of the company’s stock worth $25,000 after purchasing an additional 653 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Allient by 40.2% in the 2nd quarter. Acadian Asset Management LLC now owns 70,305 shares of the company’s stock worth $1,774,000 after purchasing an additional 20,160 shares during the period. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Allient Trading Up 4.6 %

Allient stock opened at $25.61 on Friday. Allient Inc. has a 1 year low of $16.91 and a 1 year high of $36.33. The firm’s 50 day moving average price is $23.82 and its 200-day moving average price is $22.76. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18. The stock has a market cap of $431.40 million, a P/E ratio of 29.10 and a beta of 1.61.

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 analysts’ consensus estimates of $0.21 by $0.10. Allient had a net margin of 2.64% and a return on equity of 10.80%. The company had revenue of $125.21 million for the quarter, compared to the consensus estimate of $124.28 million. During the same period in the previous year, the firm posted $0.61 EPS. On average, equities analysts predict that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a $0.03 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.47%. Allient’s dividend payout ratio is currently 13.64%.

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.