Howe & Rusling Inc. Sells 12,956 Shares of Allient Inc. $ALNT

Key Points

• Howe & Rusling Inc. has reduced its stake in Allient Inc. by 11.5%, now holding approximately 100,006 shares valued at $2,198,000.
• Allient Inc. reported earnings of $0.57 per share for the last quarter, exceeding analyst expectations of $0.48.
• Allient recently announced a quarterly dividend of $0.03, with a yield of 0.3% and a payout ratio of 13.95%.

Howe & Rusling Inc. cut its stake in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 11.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,006 shares of the company's stock after selling 12,956 shares during the quarter. Howe & Rusling Inc. owned 0.59% of Allient worth $2,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Jane Street Group LLC boosted its holdings in Allient by 9.9% during the 1st quarter. Jane Street Group LLC now owns 18,379 shares of the company's stock valued at $404,000 after acquiring an additional 1,663 shares during the period. Empowered Funds LLC boosted its holdings in Allient by 8.1% during the 1st quarter. Empowered Funds LLC now owns 46,044 shares of the company's stock valued at $1,012,000 after acquiring an additional 3,458 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Allient during the 1st quarter valued at about $370,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Allient by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company's stock valued at $192,000 after acquiring an additional 390 shares during the period. Finally, Hancock Whitney Corp boosted its holdings in Allient by 21.1% during the 1st quarter. Hancock Whitney Corp now owns 11,555 shares of the company's stock valued at $254,000 after acquiring an additional 2,017 shares during the period. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Allient Trading Up 3.1%

NASDAQ ALNT traded up $1.43 on Wednesday, hitting $46.67. The company's stock had a trading volume of 65,720 shares, compared to its average volume of 121,527. Allient Inc. has a 52-week low of $16.91 and a 52-week high of $48.22. The company has a current ratio of 3.74, a quick ratio of 2.17 and a debt-to-equity ratio of 0.70. The company's 50-day simple moving average is $42.77 and its 200 day simple moving average is $32.72. The firm has a market cap of $790.97 million, a P/E ratio of 54.42 and a beta of 1.51.

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

Allient Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Thursday, August 21st. Allient's dividend payout ratio (DPR) is presently 13.95%.

Allient Company 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.