Ameriprise Financial Inc. Makes New Investment in Allient Inc. (NASDAQ:ALNT)

Ameriprise Financial Inc. acquired a new position in shares of Allient Inc. (NASDAQ:ALNT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,986 shares of the company's stock, valued at approximately $291,000. Ameriprise Financial Inc. owned about 0.07% of Allient as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ALNT. New York State Teachers Retirement System acquired a new stake in shares of Allient during the fourth quarter worth about $32,000. Hurley Capital LLC acquired a new stake in shares of Allient during the fourth quarter worth about $38,000. Globeflex Capital L P acquired a new stake in shares of Allient during the fourth quarter worth about $118,000. Aquatic Capital Management LLC boosted its stake in shares of Allient by 17.1% during the fourth quarter. Aquatic Capital Management LLC now owns 7,847 shares of the company's stock worth $191,000 after buying an additional 1,147 shares during the period. Finally, Alliancebernstein L.P. acquired a new stake in shares of Allient during the fourth quarter worth about $211,000. Hedge funds and other institutional investors own 61.57% of the company's stock.

Allient Price Performance

Shares of NASDAQ:ALNT opened at $31.47 on Friday. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The company has a market cap of $532.76 million, a P/E ratio of 35.76 and a beta of 1.47. Allient Inc. has a 52 week low of $16.91 and a 52 week high of $32.95. The company has a 50-day moving average price of $25.28 and a 200 day moving average price of $25.08.

Allient (NASDAQ:ALNT - Get Free Report) last announced 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 firm 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%. Research 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. Investors of record on Thursday, May 22nd were given 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 0.38%. Allient's payout ratio is currently 20.34%.

Analyst Ratings Changes

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

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.

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