Ballentine Partners LLC Invests $226,000 in Allient Inc. $ALNT

Key Points

• Ballentine Partners LLC invested $226,000 in Allient Inc., acquiring 6,232 shares of the company's stock during the second quarter.
• Allient recently disclosed a quarterly dividend of $0.03, yielding 0.3%, with a payout ratio of 13.95% for the company.
• As of the last check, Allient's share price is $43.28, with a market capitalization of $733.47 million and an earnings per share (EPS) forecast of 1.43 for the current year.

Ballentine Partners LLC bought a new position in shares of Allient Inc. (NASDAQ:ALNT - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,232 shares of the company's stock, valued at approximately $226,000.

A number of other large investors also recently modified their holdings of the stock. Nuveen LLC acquired a new position in shares of Allient during the first quarter worth approximately $47,025,000. Vanguard Group Inc. lifted its holdings in Allient by 7.7% in the first quarter. Vanguard Group Inc. now owns 908,965 shares of the company's stock valued at $19,979,000 after buying an additional 65,061 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Allient by 8.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 442,335 shares of the company's stock valued at $9,731,000 after buying an additional 36,142 shares during the period. Pinnacle Associates Ltd. lifted its holdings in Allient by 37.6% in the first quarter. Pinnacle Associates Ltd. now owns 327,132 shares of the company's stock valued at $7,190,000 after buying an additional 89,463 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its holdings in Allient by 0.3% in the first quarter. Diamond Hill Capital Management Inc. now owns 192,048 shares of the company's stock valued at $4,221,000 after buying an additional 511 shares during the period. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Allient Trading Down 1.2%

Shares of NASDAQ ALNT opened at $43.28 on Tuesday. The company's 50 day simple moving average is $43.88 and its 200 day simple moving average is $34.16. Allient Inc. has a fifty-two week low of $16.91 and a fifty-two week high of $48.22. The firm has a market capitalization of $733.47 million, a P/E ratio of 50.33 and a beta of 1.51. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.74 and a quick ratio of 2.17.

Allient (NASDAQ:ALNT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.09. Allient had a net margin of 2.75% and a return on equity of 9.97%. The business had revenue of $139.58 million for the quarter, compared to analyst estimates of $132.89 million. On average, analysts predict that Allient Inc. will post 1.43 EPS for the current year.

Allient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, August 21st. Allient's dividend payout ratio is currently 13.95%.

Allient 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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