AstroNova, Inc. $ALOT Shares Sold by Punch & Associates Investment Management Inc.

Key Points

• Punch & Associates Investment Management Inc. reduced its holdings in AstroNova, Inc. ($ALOT) by 37.7%, now owning 301,429 shares worth approximately $2.77 million.
• AstroNova's stock recently opened at $11.40, with a market cap of $86.59 million and a PE ratio of -5.35.
• Wall Street Zen has initiated coverage on AstroNova, issuing a "buy" rating on the stock.

Punch & Associates Investment Management Inc. lowered its holdings in AstroNova, Inc. (NASDAQ:ALOT - Free Report) by 37.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 301,429 shares of the business services provider's stock after selling 182,379 shares during the quarter. Punch & Associates Investment Management Inc. owned 3.98% of AstroNova worth $2,770,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ALOT. Bridgeway Capital Management LLC increased its stake in shares of AstroNova by 7.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider's stock worth $472,000 after acquiring an additional 2,574 shares during the period. Northern Trust Corp increased its stake in shares of AstroNova by 14.6% in the fourth 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 during the period. Diamond Hill Capital Management Inc. increased its stake in shares of AstroNova by 15.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 96,063 shares of the business services provider's stock worth $883,000 after acquiring an additional 12,519 shares during the period. Finally, Mink Brook Asset Management LLC acquired a new stake in shares of AstroNova in the fourth quarter worth $4,507,000. Institutional investors and hedge funds own 43.02% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on shares of AstroNova in a research note on Tuesday, May 20th. They issued a "buy" rating on the stock.

AstroNova Stock Down 1.0%

ALOT stock opened at $11.40 on Friday. The firm has a market cap of $86.59 million, a PE ratio of -5.35 and a beta of 0.84. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.61 and a current ratio of 1.67. The firm's fifty day moving average is $11.39 and its 200 day moving average is $10.01. AstroNova, Inc. has a one year low of $7.53 and a one year high of $17.24.

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

Insider Buying and Selling

In other news, Director Mitchell I. Quain purchased 10,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were bought at an average price of $9.05 per share, for a total transaction of $90,500.00. Following the completion of the transaction, the director owned 97,719 shares in the company, valued at $884,356.95. This represents a 11.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 17.70% of the company's stock.

AstroNova Company Profile

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).

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