5,976 Shares in Allient Inc. (NASDAQ:ALNT) Acquired by Quest Partners LLC

Quest Partners LLC bought a new stake in Allient Inc. (NASDAQ:ALNT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,976 shares of the company’s stock, valued at approximately $151,000.

A number of other large investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its stake in shares of Allient by 40.2% in the second quarter. Acadian Asset Management LLC now owns 70,305 shares of the company’s stock valued at $1,774,000 after buying an additional 20,160 shares in the last quarter. Isthmus Partners LLC increased its stake in Allient by 0.7% during the second quarter. Isthmus Partners LLC now owns 98,165 shares of the company’s stock worth $25,000 after purchasing an additional 653 shares during the period. Rhumbline Advisers lifted its position in shares of Allient by 23.2% during the second quarter. Rhumbline Advisers now owns 23,318 shares of the company’s stock worth $589,000 after purchasing an additional 4,392 shares in the last quarter. Kings Path Partners LLC purchased a new position in shares of Allient in the second quarter valued at approximately $508,000. Finally, Meixler Investment Management Ltd. grew its holdings 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 valued at $256,000 after purchasing an additional 2,690 shares in the last quarter. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on ALNT shares. Craig Hallum decreased their price target on shares of Allient from $41.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Northland Securities decreased their target price on Allient from $35.00 to $30.00 and set a “market perform” rating for the company in a report on Friday, August 9th. Finally, Roth Mkm cut their price target on Allient from $39.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th.

Allient Trading Down 0.0 %

NASDAQ ALNT opened at $20.43 on Tuesday. Allient Inc. has a 52 week low of $18.17 and a 52 week high of $36.33. The firm has a 50 day moving average of $23.37 and a two-hundred day moving average of $27.20. The stock has a market capitalization of $342.73 million, a PE ratio of 13.53 and a beta of 1.51. The company has a quick ratio of 2.00, a current ratio of 3.90 and a debt-to-equity ratio of 0.89.

Allient (NASDAQ:ALNT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The business had revenue of $136.03 million during the quarter, compared to analyst estimates of $137.55 million. Allient had a net margin of 3.35% and a return on equity of 13.04%. During the same quarter in the prior year, the business earned $0.58 earnings per share. As a group, research analysts expect that Allient Inc. will post 1.29 EPS for the current fiscal year.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Thursday, August 22nd. Allient’s dividend payout ratio (DPR) is 7.95%.

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.