Allient (NASDAQ:ALNT) Sets New 1-Year High - Here's What Happened

Allient Inc. (NASDAQ:ALNT - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $39.13 and last traded at $38.52, with a volume of 19541 shares trading hands. The stock had previously closed at $38.76.

Wall Street Analyst Weigh In

ALNT has been the topic of a number of research reports. Northland Securities set a $35.00 target price on shares of Allient in a research note on Monday, May 5th. Northland Capmk lowered shares of Allient from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 5th.

Allient Stock Performance

The company has a market capitalization of $641.48 million, a PE ratio of 28.29 and a beta of 1.51. The business's 50-day moving average is $31.24 and its 200-day moving average is $26.48. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.35 and a current ratio of 4.03.

Allient (NASDAQ:ALNT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.13. Allient had a net margin of 1.90% and a return on equity of 8.45%. The company had revenue of $134.62 million during the quarter, compared to analysts' expectations of $125.00 million. On average, research analysts anticipate that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.12 annualized dividend and a yield of 0.32%. Allient's dividend payout ratio (DPR) is presently 20.34%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Hurley Capital LLC purchased a new position in Allient in the fourth quarter worth about $38,000. Public Employees Retirement System of Ohio purchased a new position in shares of Allient during the fourth quarter valued at approximately $41,000. CWM LLC raised its holdings in shares of Allient by 105.2% during the first quarter. CWM LLC now owns 1,890 shares of the company's stock valued at $42,000 after purchasing an additional 969 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Allient during the first quarter valued at approximately $60,000. Finally, Globeflex Capital L P purchased a new position in shares of Allient during the fourth quarter valued at approximately $118,000. 61.57% of the stock is owned by hedge funds and other institutional investors.

About Allient

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.