Aquatic Capital Management LLC Acquires New Position in Alight, Inc. (NYSE:ALIT)

Aquatic Capital Management LLC bought a new stake in shares of Alight, Inc. (NYSE:ALIT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 209,423 shares of the company's stock, valued at approximately $1,449,000.

A number of other hedge funds also recently made changes to their positions in ALIT. Blue Trust Inc. raised its position in Alight by 107.6% in the fourth quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock worth $25,000 after acquiring an additional 1,729 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Alight in the 4th quarter worth approximately $50,000. Headlands Technologies LLC purchased a new position in Alight in the fourth quarter valued at approximately $84,000. Sterling Capital Management LLC grew its holdings in Alight by 817.7% during the fourth quarter. Sterling Capital Management LLC now owns 13,224 shares of the company's stock valued at $92,000 after purchasing an additional 11,783 shares during the period. Finally, Winslow Asset Management Inc. purchased a new stake in Alight in the fourth quarter worth $93,000. 96.74% of the stock is currently owned by institutional investors.

Alight Price Performance

NYSE ALIT traded down $0.02 during trading hours on Monday, reaching $5.31. 2,341,026 shares of the stock traded hands, compared to its average volume of 8,127,903. The stock has a 50 day simple moving average of $5.67 and a two-hundred day simple moving average of $6.61. The company has a market cap of $2.88 billion, a price-to-earnings ratio of -17.68 and a beta of 0.99. Alight, Inc. has a 1 year low of $4.49 and a 1 year high of $9.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30.

Alight (NYSE:ALIT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.04). Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. The company had revenue of $680.00 million for the quarter, compared to the consensus estimate of $675.66 million. On average, analysts predict that Alight, Inc. will post 0.54 EPS for the current fiscal year.

Alight Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Monday, June 2nd. Alight's dividend payout ratio (DPR) is presently -53.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wedbush restated an "outperform" rating and issued a $11.00 price objective on shares of Alight in a research note on Tuesday, March 25th. DA Davidson restated a "buy" rating and set a $10.00 target price on shares of Alight in a research report on Wednesday, March 26th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $9.00 price objective on shares of Alight in a research note on Monday, March 24th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $10.19.

Insider Activity

In related news, Director Richard N. Massey purchased 100,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of $6.39 per share, for a total transaction of $639,000.00. Following the completion of the acquisition, the director now directly owns 1,573,489 shares in the company, valued at approximately $10,054,594.71. The trade was a 6.79 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert A. Schriesheim purchased 22,092 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average cost of $6.79 per share, with a total value of $150,004.68. Following the completion of the purchase, the director now owns 22,092 shares of the company's stock, valued at $150,004.68. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 125,092 shares of company stock valued at $807,755. Insiders own 5.33% of the company's stock.

Alight Company Profile

Alight, Inc provides cloud-based integrated digital human capital and business solutions worldwide. The company operates through two segments, Employer Solutions and Professional Services. The Employer Solutions segment offers employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll; and operates AI-led capabilities software.