SG Americas Securities LLC Has $260,000 Position in Allient Inc. (NASDAQ:ALNT)

SG Americas Securities LLC decreased its position in shares of Allient Inc. (NASDAQ:ALNT) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,695 shares of the company’s stock after selling 943 shares during the period. SG Americas Securities LLC owned about 0.06% of Allient worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in shares of Allient by 78.0% in the 2nd quarter. AQR Capital Management LLC now owns 54,476 shares of the company’s stock valued at $1,377,000 after purchasing an additional 23,863 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in Allient by 115.2% in the second quarter. Cubist Systematic Strategies LLC now owns 28,895 shares of the company’s stock valued at $730,000 after buying an additional 15,469 shares in the last quarter. Creative Planning bought a new position in Allient in the third quarter valued at about $199,000. Copeland Capital Management LLC acquired a new position in Allient during the third quarter worth about $50,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Allient by 56.4% in the third quarter. Assenagon Asset Management S.A. now owns 119,754 shares of the company’s stock worth $2,274,000 after acquiring an additional 43,167 shares during the last quarter. 61.57% of the stock is owned by institutional investors.

Allient Trading Down 0.1 %

ALNT opened at $24.66 on Friday. The company has a market cap of $415.27 million, a P/E ratio of 28.02 and a beta of 1.61. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average is $25.27 and its 200-day moving average is $22.68. Allient Inc. has a 1-year low of $16.91 and a 1-year high of $36.33.

Allient (NASDAQ:ALNT) last posted its earnings results on Wednesday, November 6th. The company reported $0.31 earnings per share for the quarter, topping 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 firm had revenue of $125.21 million for the quarter, compared to analysts’ expectations of $124.28 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Equities research analysts predict that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

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.