Teton Advisors Inc. Lowers Position in Allient Inc. (NASDAQ:ALNT)

Teton Advisors Inc. decreased its stake in Allient Inc. (NASDAQ:ALNT - Free Report) by 21.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,500 shares of the company's stock after selling 20,000 shares during the period. Allient accounts for about 0.9% of Teton Advisors Inc.'s holdings, making the stock its 29th biggest holding. Teton Advisors Inc. owned 0.43% of Allient worth $1,760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ALNT. New York State Teachers Retirement System acquired a new stake in Allient during the 4th quarter valued at approximately $32,000. Hurley Capital LLC acquired a new stake in shares of Allient during the fourth quarter worth $38,000. Globeflex Capital L P bought a new position in Allient during the fourth quarter worth $118,000. Alliancebernstein L.P. acquired a new position in Allient in the fourth quarter valued at $211,000. Finally, one8zero8 LLC bought a new stake in Allient during the fourth quarter valued at $214,000. 61.57% of the stock is currently owned by institutional investors.

Allient Stock Down 0.6 %

ALNT traded down $0.13 during midday trading on Friday, hitting $21.02. The company had a trading volume of 74,733 shares, compared to its average volume of 113,937. The stock's 50 day moving average price is $23.39 and its 200 day moving average price is $23.28. Allient Inc. has a 52 week low of $16.91 and a 52 week high of $32.00. The company has a market capitalization of $356.25 million, a price-to-earnings ratio of 23.89 and a beta of 1.43. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85.

Allient (NASDAQ:ALNT - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.03. The business had revenue of $122.01 million during the quarter, compared to analyst estimates of $119.72 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. On average, research analysts anticipate that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.57%. The ex-dividend date was Thursday, March 20th. Allient's payout ratio is currently 15.00%.

Analyst Ratings Changes

Several research analysts have recently weighed in on ALNT shares. Northland Securities raised Allient from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $30.00 to $35.00 in a research report on Tuesday, February 11th. Northland Capmk raised Allient from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th.

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.