B. Riley Wealth Advisors Inc. Has $111,000 Holdings in Alight, Inc. (NYSE:ALIT)

B. Riley Wealth Advisors Inc. decreased its stake in shares of Alight, Inc. (NYSE:ALIT - Free Report) by 86.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,000 shares of the company's stock after selling 103,700 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Alight were worth $111,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised its stake in Alight by 107.6% in the fourth quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock valued at $25,000 after purchasing an additional 1,729 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Alight by 40.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,101 shares of the company's stock worth $49,000 after buying an additional 2,059 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of Alight during the 4th quarter valued at approximately $50,000. Sandia Investment Management LP bought a new position in Alight in the 4th quarter worth approximately $69,000. Finally, Headlands Technologies LLC bought a new position in Alight in the 4th quarter worth approximately $84,000. Institutional investors own 96.74% of the company's stock.

Alight Stock Performance

NYSE:ALIT traded down $0.09 during trading hours on Thursday, reaching $5.35. 3,291,531 shares of the stock were exchanged, compared to its average volume of 6,359,143. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The firm has a 50 day simple moving average of $5.31 and a 200-day simple moving average of $6.32. The stock has a market capitalization of $2.88 billion, a P/E ratio of -17.82 and a beta of 1.00. Alight, Inc. has a 52 week low of $4.49 and a 52 week high of $8.93.

Alight (NYSE:ALIT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). The firm had revenue of $548.00 million for the quarter, compared to the consensus estimate of $542.66 million. Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 earnings per share. As a group, sell-side analysts forecast that Alight, Inc. will post 0.54 earnings per share for the current fiscal year.

Alight Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.16 annualized dividend and a yield of 2.99%. Alight's dividend payout ratio (DPR) is currently -114.29%.

Analyst Upgrades and Downgrades

ALIT has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $9.00 target price on shares of Alight in a research note on Monday, March 24th. DA Davidson reiterated a "buy" rating and issued a $10.00 target price on shares of Alight in a research report on Wednesday, March 26th. Finally, Wedbush decreased their price target on Alight from $11.00 to $9.00 and set an "outperform" rating for the company in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $9.94.

Insider Buying and Selling at Alight

In other news, Director Richard N. Massey bought 100,000 shares of the business's stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $6.39 per share, for a total transaction of $639,000.00. Following the completion of the purchase, the director now owns 1,573,489 shares of the company's stock, valued at approximately $10,054,594.71. The trade was a 6.79% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David D. Guilmette acquired 50,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was bought at an average price of $5.69 per share, with a total value of $284,500.00. Following the transaction, the director now directly owns 600,750 shares in the company, valued at $3,418,267.50. The trade was a 9.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 153,000 shares of company stock worth $942,250 over the last three months. Corporate insiders own 5.33% of the company's stock.

About Alight

Alight, Inc provides cloud-based integrated digital human capital and business solutions worldwide. The company operates through two segments, Employer Solutions and Professional Services. The Employer Solutions segment offers employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll; and operates AI-led capabilities software.