Barclays PLC Has $862,000 Stake in Allient Inc. (NASDAQ:ALNT)

Barclays PLC raised its position in Allient Inc. (NASDAQ:ALNT) by 61.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,362 shares of the company’s stock after purchasing an additional 17,216 shares during the quarter. Barclays PLC owned approximately 0.27% of Allient worth $862,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. grew its stake in Allient by 29.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 238,844 shares of the company’s stock valued at $4,536,000 after buying an additional 54,005 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Allient by 178.5% in the 2nd quarter. Hsbc Holdings PLC now owns 47,779 shares of the company’s stock valued at $1,197,000 after buying an additional 30,626 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Allient during the third quarter worth about $386,000. Dimensional Fund Advisors LP grew its holdings in shares of Allient by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 655,029 shares of the company’s stock worth $16,552,000 after purchasing an additional 32,455 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Allient by 843.2% during the third quarter. FMR LLC now owns 1,153,537 shares of the company’s stock worth $21,906,000 after purchasing an additional 1,031,243 shares in the last quarter. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Stock Up 1.1 %

NASDAQ ALNT opened at $24.28 on Wednesday. The stock has a fifty day moving average of $23.38 and a 200-day moving average of $22.73. 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 capitalization of $408.88 million, a P/E ratio of 27.59 and a beta of 1.61. Allient Inc. has a 52 week low of $16.91 and a 52 week high of $36.33.

Allient (NASDAQ:ALNT) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.10. Allient had a net margin of 2.64% and a return on equity of 10.80%. The business had revenue of $125.21 million for the quarter, compared to analyst estimates of $124.28 million. During the same quarter last year, the firm earned $0.61 EPS. On average, equities research analysts forecast that Allient Inc. will post 1.43 EPS for the current year.

Allient Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Thursday, November 21st. Allient’s 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.