Nkcfo LLC Cuts Holdings in Allient Inc. (NASDAQ:ALNT)

Key Points

• Nkcfo LLC significantly reduced its stake in Allient Inc. by 73.3% during the first quarter, leaving it with 4,000 shares valued at $88,000 after selling 11,000 shares.
• Other institutional investors have changed their positions, with CWM LLC boosting its holdings by 105.2% in the same quarter, now owning 1,890 shares worth $42,000.
• Allient's stock is currently trading at $39.74 and has recently reported earnings, with an EPS of $0.46, beating estimates and demonstrating a revenue of $134.62 million.

Nkcfo LLC lessened its holdings in Allient Inc. (NASDAQ:ALNT - Free Report) by 73.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,000 shares of the company's stock after selling 11,000 shares during the period. Nkcfo LLC's holdings in Allient were worth $88,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in shares of Allient by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 72,179 shares of the company's stock valued at $1,753,000 after purchasing an additional 1,779 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Allient during the fourth quarter valued at about $805,000. Teacher Retirement System of Texas purchased a new position in shares of Allient during the fourth quarter valued at about $961,000. American Century Companies Inc. lifted its holdings in shares of Allient by 12.0% in the 4th quarter. American Century Companies Inc. now owns 21,551 shares of the company's stock valued at $523,000 after acquiring an additional 2,315 shares during the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of Allient in the 4th quarter valued at about $215,000. Hedge funds and other institutional investors own 61.57% of the company's stock.

Allient Trading Up 1.8%

NASDAQ ALNT traded up $0.70 during trading on Thursday, hitting $40.30. The stock had a trading volume of 61,888 shares, compared to its average volume of 107,220. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.35 and a current ratio of 4.03. The stock has a market capitalization of $682.19 million, a price-to-earnings ratio of 68.30 and a beta of 1.51. Allient Inc. has a one year low of $16.91 and a one year high of $40.71. The stock has a 50 day simple moving average of $35.72 and a 200 day simple moving average of $28.28.

Allient (NASDAQ:ALNT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.13. The business had revenue of $134.62 million during the quarter, compared to the consensus estimate of $125.00 million. Allient had a net margin of 1.90% and a return on equity of 8.45%. Sell-side analysts predict that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Thursday, May 22nd. Allient's payout ratio is currently 20.34%.

Analyst Ratings Changes

A number of research analysts recently commented on ALNT shares. Northland Securities set a $35.00 price target on shares of Allient in a report on Monday, May 5th. Northland Capmk downgraded shares of Allient from a "strong-buy" rating to a "hold" rating in a report on Monday, May 5th.

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.