Allient Inc. (NASDAQ:ALNT) Short Interest Update

Allient Inc. (NASDAQ:ALNT) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 246,800 shares, a growth of 29.4% from the February 13th total of 190,700 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average trading volume of 93,900 shares, the short-interest ratio is presently 2.6 days.

Allient Stock Up 3.6 %

Allient stock opened at $23.65 on Monday. Allient has a fifty-two week low of $16.91 and a fifty-two week high of $36.33. 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 firm’s 50-day simple moving average is $25.15 and its 200 day simple moving average is $22.91. The stock has a market cap of $398.38 million, a PE ratio of 26.88 and a beta of 1.59.

Allient (NASDAQ:ALNT) last announced its earnings results on Wednesday, March 5th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The firm had revenue of $122.01 million for the quarter, compared to the consensus estimate of $119.72 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. Research analysts predict that Allient will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.12 annualized dividend and a yield of 0.51%. Allient’s payout ratio is currently 15.00%.

Institutional Trading of Allient

A number of large investors have recently added to or reduced their stakes in ALNT. New York State Teachers Retirement System purchased a new stake in shares of Allient during the 4th quarter worth approximately $32,000. Point72 DIFC Ltd bought a new position in Allient during the third quarter valued at $33,000. Hurley Capital LLC purchased a new stake in Allient in the fourth quarter worth $38,000. Public Employees Retirement System of Ohio bought a new stake in shares of Allient in the fourth quarter valued at $41,000. Finally, Globeflex Capital L P purchased a new position in shares of Allient during the 4th quarter valued at $118,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ALNT shares. Northland Capmk upgraded Allient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Northland Securities raised Allient from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $30.00 to $35.00 in a research report on Tuesday, February 11th.

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.