Allient Inc. (NASDAQ:ALNT) Short Interest Update

Key Points

• Allient Inc.'s short interest decreased by 23.8% in August, with 304,300 shares short sold as of August 15th.
• Institutional investors currently own 61.57% of Allient's stock, with several hedge funds increasing their stakes in the company during the 4th quarter.
• Allient announced a quarterly dividend of $0.03 per share, representing an annualized yield of 0.3% with a payout ratio of 13.95%.

Allient Inc. (NASDAQ:ALNT - Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 15th, there was short interest totaling 304,300 shares, a decrease of 23.8% from the July 31st total of 399,300 shares. Based on an average daily volume of 161,400 shares, the short-interest ratio is currently 1.9 days. Approximately 2.1% of the shares of the company are short sold. Approximately 2.1% of the shares of the company are short sold. Based on an average daily volume of 161,400 shares, the short-interest ratio is currently 1.9 days.

Hedge Funds Weigh In On Allient

A number of hedge funds have recently made changes to their positions in ALNT. Nuveen LLC acquired a new position in shares of Allient in the 1st quarter valued at $47,025,000. AIGH Capital Management LLC acquired a new position in shares of Allient in the 2nd quarter valued at $7,262,000. Seizert Capital Partners LLC acquired a new position in shares of Allient in the 1st quarter valued at $3,312,000. Juniper Investment Company LLC raised its stake in shares of Allient by 14.6% in the 4th quarter. Juniper Investment Company LLC now owns 869,149 shares of the company's stock valued at $21,103,000 after buying an additional 110,497 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in shares of Allient by 37.6% in the 1st quarter. Pinnacle Associates Ltd. now owns 327,132 shares of the company's stock valued at $7,190,000 after buying an additional 89,463 shares in the last quarter. Institutional investors and hedge funds own 61.57% of the company's stock.

Allient Stock Performance

Allient stock traded down $0.50 during mid-day trading on Friday, reaching $45.97. The company had a trading volume of 119,227 shares, compared to its average volume of 146,702. The company has a quick ratio of 2.17, a current ratio of 3.74 and a debt-to-equity ratio of 0.70. Allient has a 52 week low of $16.91 and a 52 week high of $48.22. The company has a 50 day moving average of $42.45 and a 200-day moving average of $32.38. The firm has a market cap of $779.19 million, a price-to-earnings ratio of 53.45 and a beta of 1.51.

Allient (NASDAQ:ALNT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.09. Allient had a net margin of 2.75% and a return on equity of 9.97%. The firm had revenue of $139.58 million during the quarter, compared to the consensus estimate of $132.89 million. On average, sell-side analysts expect that Allient will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a $0.03 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Allient's dividend payout ratio is currently 13.95%.

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.