BNP Paribas Financial Markets Reduces Stake in Allient Inc. (NASDAQ:ALNT)

BNP Paribas Financial Markets trimmed its stake in Allient Inc. (NASDAQ:ALNT) by 11.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,784 shares of the company’s stock after selling 10,247 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.47% of Allient worth $1,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in Allient by 798.2% during the 2nd quarter. CWM LLC now owns 1,006 shares of the company’s stock worth $25,000 after acquiring an additional 894 shares during the period. Isthmus Partners LLC boosted its stake in shares of Allient by 0.7% in the 2nd quarter. Isthmus Partners LLC now owns 98,165 shares of the company’s stock valued at $25,000 after purchasing an additional 653 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in shares of Allient in the 3rd quarter valued at $50,000. Pathway Financial Advisers LLC boosted its position in Allient by 1,798.7% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company’s stock valued at $56,000 after buying an additional 2,770 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Allient by 143.3% in the 2nd 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 during the period. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Allient Stock Up 0.6 %

NASDAQ:ALNT opened at $26.30 on Monday. The firm has a market cap of $442.89 million, a P/E ratio of 29.89 and a beta of 1.61. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. Allient Inc. has a fifty-two week low of $16.91 and a fifty-two week high of $36.33. The firm has a 50-day simple moving average of $21.14 and a two-hundred day simple moving average of $22.88.

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. The firm had revenue of $125.21 million for the quarter, compared to the consensus estimate of $124.28 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. During the same quarter last year, the firm posted $0.61 EPS. Analysts predict that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Thursday, November 21st. Allient’s payout ratio is 13.64%.

Wall Street Analyst Weigh In

Separately, Roth Mkm dropped their target price on shares of Allient from $39.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th.

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.