BNP Paribas Financial Markets Cuts Stake in Allient Inc. (NASDAQ:ALNT)

BNP Paribas Financial Markets lowered its position in Allient Inc. (NASDAQ:ALNT - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,628 shares of the company's stock after selling 18,156 shares during the period. BNP Paribas Financial Markets owned approximately 0.36% of Allient worth $1,472,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ALNT. New York State Teachers Retirement System acquired a new stake in Allient in the fourth quarter valued at $32,000. Hurley Capital LLC acquired a new stake in Allient in the 4th quarter valued at about $38,000. Globeflex Capital L P acquired a new stake in Allient in the 4th quarter valued at about $118,000. Aquatic Capital Management LLC increased its holdings in Allient by 17.1% during the 4th quarter. Aquatic Capital Management LLC now owns 7,847 shares of the company's stock valued at $191,000 after acquiring an additional 1,147 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in Allient during the fourth quarter worth about $211,000. 61.57% of the stock is owned by hedge funds and other institutional investors.

Allient Price Performance

ALNT stock traded down $0.56 during trading on Friday, hitting $29.88. The stock had a trading volume of 109,429 shares, compared to its average volume of 116,859. The stock has a market cap of $505.84 million, a price-to-earnings ratio of 33.95 and a beta of 1.39. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. The company's 50 day moving average price is $23.91 and its two-hundred day moving average price is $24.59. Allient Inc. has a 1-year low of $16.91 and a 1-year high of $32.95.

Allient (NASDAQ:ALNT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates 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 2.64% and a return on equity of 10.80%. On average, sell-side analysts forecast that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a $0.03 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $0.12 annualized dividend and a yield of 0.40%. Allient's dividend payout ratio (DPR) is presently 20.34%.

Analyst Ratings Changes

Several research firms have recently commented on ALNT. Northland Securities set a $35.00 price target on shares of Allient in a research report on Monday, May 5th. Northland Capmk cut 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.