Punch & Associates Investment Management Inc. Sells 182,379 Shares of AstroNova, Inc. $ALOT

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 position in shares of AstroNova, Inc. (NASDAQ:ALOT - Free Report) by 37.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 301,429 shares of the business services provider's stock after selling 182,379 shares during the period. Punch & Associates Investment Management Inc. owned about 3.98% of AstroNova worth $2,770,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ALOT. Mink Brook Asset Management LLC bought a new stake in AstroNova during the fourth quarter worth about $4,507,000. Diamond Hill Capital Management Inc. lifted its stake in shares of AstroNova by 15.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 96,063 shares of the business services provider's stock valued at $883,000 after acquiring an additional 12,519 shares during the last quarter. Northern Trust Corp lifted its stake in shares of AstroNova by 14.6% in the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider's stock valued at $785,000 after acquiring an additional 8,314 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in shares of AstroNova by 7.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider's stock valued at $472,000 after acquiring an additional 2,574 shares during the last quarter. Institutional investors own 43.02% of the company's stock.

Insider Activity

In related news, Director Mitchell I. Quain acquired 10,000 shares of AstroNova stock in a transaction that occurred on Tuesday, June 17th. The stock was bought at an average price of $9.05 per share, with a total value of $90,500.00. Following the transaction, the director directly owned 97,719 shares in the company, valued at approximately $884,356.95. This represents a 11.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 17.70% of the company's stock.

AstroNova Stock Down 0.4%

Shares of NASDAQ:ALOT traded down $0.04 during trading on Friday, hitting $10.08. The stock had a trading volume of 19,587 shares, compared to its average volume of 12,661. AstroNova, Inc. has a 12 month low of $7.53 and a 12 month high of $17.24. The company has a market capitalization of $77.01 million, a PE ratio of -4.48 and a beta of 0.84. The firm's fifty day moving average is $11.27 and its 200 day moving average is $10.00. The company has a quick ratio of 0.61, a current ratio of 1.71 and a debt-to-equity ratio of 0.24.

AstroNova (NASDAQ:ALOT - Get Free Report) last announced its earnings results on Tuesday, September 9th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter. AstroNova had a positive return on equity of 1.09% and a negative net margin of 11.20%.The firm had revenue of $36.10 million during the quarter. AstroNova has set its FY 2026 guidance at EPS.

Wall Street Analyst Weigh In

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

AstroNova 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).