Diamond Hill Capital Management LLC Investment Advisor Makes New $1.02 Million Investment in AstroNova, Inc. $ALOT

Key Points

• Diamond Hill Capital Management purchased 35,704 AstroNova shares worth approximately $1.02 million, representing about 0.46% of the company. Institutional investors and hedge funds collectively own 43.02% of the stock.
• AstroNova reported quarterly EPS of $0.19, beating the $0.05 consensus estimate, while revenue of $39.36 million exceeded expectations of $30.67 million.
• Despite the earnings beat and shares trading near their 12-month high at $28.89, analyst sentiment remains negative, with the stock carrying a consensus “Sell” rating.

Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of AstroNova, Inc. (NASDAQ:ALOT - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 35,704 shares of the business services provider's stock, valued at approximately $1,016,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 0.46% of AstroNova at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of AstroNova in the 2nd quarter valued at approximately $140,000. Susquehanna International Group LLP acquired a new stake in AstroNova in the third quarter valued at approximately $143,000. DRW Securities LLC acquired a new stake in AstroNova in the fourth quarter valued at approximately $125,000. Marquette Asset Management LLC bought a new stake in AstroNova in the second quarter worth approximately $542,000. Finally, Geode Capital Management LLC grew its position in AstroNova by 1.4% in the second quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider's stock worth $859,000 after acquiring an additional 1,036 shares in the last quarter. 43.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of AstroNova from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of AstroNova in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Sell".

AstroNova Stock Down 0.1%

ALOT opened at $28.89 on Tuesday. The business has a 50 day moving average price of $27.20 and a 200 day moving average price of $16.92. AstroNova, Inc. has a twelve month low of $6.96 and a twelve month high of $28.99. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.73 and a current ratio of 1.76. The firm has a market cap of $226.50 million, a P/E ratio of -160.49 and a beta of 0.85.

AstroNova (NASDAQ:ALOT - Get Free Report) last announced its quarterly earnings results on Monday, June 8th. The business services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. AstroNova had a positive return on equity of 2.94% and a negative net margin of 0.88%.The company had revenue of $39.36 million for the quarter, compared to the consensus estimate of $30.67 million. During the same quarter last year, the company posted ($0.05) earnings per share.

About AstroNova

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.

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