Dynamic Technology Lab Private Ltd Takes Position in Allient Inc. $ALNT

Key Points

• Dynamic Technology Lab Private Ltd has made a new investment of approximately $370,000 in Allient Inc. by acquiring 16,845 shares during the first quarter.
• Allient's recent earnings report showed an earnings per share (EPS) of $0.57, surpassing estimates, with projected EPS of 1.43 for the current fiscal year.
• The company also declared a quarterly dividend of $0.03 per share, representing a 0.3% yield, with a payout ratio of 13.95%.

Dynamic Technology Lab Private Ltd acquired a new stake in Allient Inc. (NASDAQ:ALNT - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 16,845 shares of the company's stock, valued at approximately $370,000. Dynamic Technology Lab Private Ltd owned about 0.10% of Allient as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Allient by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company's stock valued at $192,000 after buying an additional 390 shares during the last quarter. Hancock Whitney Corp boosted its position in Allient by 21.1% in the 1st quarter. Hancock Whitney Corp now owns 11,555 shares of the company's stock valued at $254,000 after buying an additional 2,017 shares during the last quarter. AQR Capital Management LLC boosted its position in Allient by 8.0% in the 1st quarter. AQR Capital Management LLC now owns 53,661 shares of the company's stock valued at $1,179,000 after buying an additional 3,979 shares during the last quarter. Royal Bank of Canada boosted its position in Allient by 19.8% in the 1st quarter. Royal Bank of Canada now owns 111,570 shares of the company's stock valued at $2,453,000 after buying an additional 18,416 shares during the last quarter. Finally, Aviso Financial Inc. boosted its position in Allient by 1.8% in the 1st quarter. Aviso Financial Inc. now owns 34,420 shares of the company's stock valued at $757,000 after buying an additional 620 shares during the last quarter. 61.57% of the stock is currently owned by institutional investors.

Allient Trading Up 0.4%

Shares of ALNT stock traded up $0.16 during trading hours on Wednesday, reaching $45.40. The company had a trading volume of 22,606 shares, compared to its average volume of 121,327. The company has a 50 day moving average of $42.77 and a 200 day moving average of $32.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.74 and a quick ratio of 2.17. The firm has a market cap of $769.53 million, a price-to-earnings ratio of 52.77 and a beta of 1.51. Allient Inc. has a 1-year low of $16.91 and a 1-year high of $48.22.

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

Allient Announces Dividend

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