Ameriprise Financial Inc. Invests $291,000 in Allient Inc. (NASDAQ:ALNT)

Ameriprise Financial Inc. bought a new position in shares of Allient Inc. (NASDAQ:ALNT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,986 shares of the company's stock, valued at approximately $291,000. Ameriprise Financial Inc. owned approximately 0.07% of Allient as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

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

Allient Price Performance

ALNT stock traded up $1.46 during mid-day trading on Monday, reaching $33.36. The company's stock had a trading volume of 174,520 shares, compared to its average volume of 115,718. The stock has a market cap of $564.75 million, a PE ratio of 37.91 and a beta of 1.47. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. Allient Inc. has a fifty-two week low of $16.91 and a fifty-two week high of $33.64. The company's 50 day moving average is $25.70 and its two-hundred day moving average is $25.19.

Allient (NASDAQ:ALNT - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.13. The company 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%. Equities research analysts expect that Allient Inc. will post 1.43 EPS for the current year.

Allient Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.36%. Allient's payout ratio is 20.34%.

Allient Company 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.