AstroNova, Inc. (NASDAQ:ALOT) Short Interest Update

AstroNova, Inc. (NASDAQ:ALOT - Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 8,900 shares, a drop of 28.2% from the May 15th total of 12,400 shares. Approximately 0.2% of the company's shares are short sold. Based on an average trading volume of 15,000 shares, the short-interest ratio is currently 0.6 days.

AstroNova Stock Up 0.2%

ALOT traded up $0.02 on Thursday, hitting $9.21. 20,762 shares of the company were exchanged, compared to its average volume of 14,251. The firm has a 50-day moving average price of $8.79 and a two-hundred day moving average price of $10.67. The company has a current ratio of 1.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.26. AstroNova has a twelve month low of $7.53 and a twelve month high of $17.24. The company has a market cap of $70.00 million, a price-to-earnings ratio of -4.32 and a beta of 0.70.

AstroNova (NASDAQ:ALOT - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The business services provider reported $0.05 EPS for the quarter. AstroNova had a positive return on equity of 2.21% and a negative net margin of 10.28%. The business had revenue of $37.71 million during the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on shares of AstroNova in a research report on Tuesday, May 20th. They issued a "buy" rating for the company.

Insider Buying and Selling at AstroNova

In other news, Director Mitchell I. Quain purchased 10,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was acquired at an average cost of $9.05 per share, for a total transaction of $90,500.00. Following the completion of the transaction, the director now directly owns 97,719 shares in the company, valued at approximately $884,356.95. This represents a 11.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard S. Warzala acquired 20,000 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The stock was purchased at an average price of $8.07 per share, for a total transaction of $161,400.00. Following the acquisition, the director now directly owns 60,385 shares in the company, valued at approximately $487,306.95. This trade represents a 49.52% increase in their position. The disclosure for this purchase can be found here. Company insiders own 17.70% of the company's stock.

Institutional Investors Weigh In On AstroNova

A number of large investors have recently modified their holdings of ALOT. Geode Capital Management LLC grew its stake in shares of AstroNova by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider's stock worth $847,000 after purchasing an additional 1,226 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in AstroNova by 7.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider's stock worth $472,000 after buying an additional 2,574 shares during the last quarter. Northern Trust Corp boosted its position in shares of AstroNova by 14.6% during the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider's stock worth $785,000 after acquiring an additional 8,314 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of AstroNova by 15.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 96,063 shares of the business services provider's stock valued at $883,000 after acquiring an additional 12,519 shares during the last quarter. Finally, Mink Brook Asset Management LLC purchased a new position in shares of AstroNova in the 4th quarter valued at about $4,507,000. 43.02% of the stock is owned by hedge funds and other institutional investors.

About AstroNova

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates in two segments, Product Identification (PI) and Test & Measurement (T&M).