Man Group plc Purchases 19,263 Shares of Allient Inc. (NASDAQ:ALNT)

Man Group plc grew its position in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 77.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,285 shares of the company's stock after purchasing an additional 19,263 shares during the quarter. Man Group plc owned approximately 0.26% of Allient worth $1,075,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ALNT. New York State Teachers Retirement System acquired a new position in shares of Allient in the fourth quarter worth approximately $32,000. Hurley Capital LLC bought a new stake in Allient in the fourth quarter worth approximately $38,000. Globeflex Capital L P bought a new stake in Allient in the fourth quarter worth approximately $118,000. Aquatic Capital Management LLC increased its holdings in Allient by 17.1% in the fourth quarter. Aquatic Capital Management LLC now owns 7,847 shares of the company's stock worth $191,000 after purchasing an additional 1,147 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Allient by 4.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,346 shares of the company's stock worth $203,000 after purchasing an additional 380 shares in the last quarter. 61.57% of the stock is owned by institutional investors and hedge funds.

Allient Stock Up 0.5%

Shares of NASDAQ:ALNT traded up $0.15 during mid-day trading on Thursday, hitting $31.44. 26,400 shares of the company traded hands, compared to its average volume of 116,326. The stock has a market cap of $532.16 million, a P/E ratio of 35.72 and a beta of 1.39. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. Allient Inc. has a 12-month low of $16.91 and a 12-month high of $33.14. The stock has a 50-day moving average price of $24.31 and a two-hundred day moving average price of $24.78.

Allient (NASDAQ:ALNT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.33 by $0.13. The business had revenue of $134.62 million for the quarter, compared to analyst estimates of $125.00 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. On average, equities research analysts forecast that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Thursday, May 22nd. Allient's dividend payout ratio is 20.34%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ALNT shares. Northland Capmk downgraded Allient from a "strong-buy" rating to a "hold" rating in a report on Monday, May 5th. Northland Securities set a $35.00 price objective on Allient in a report on Monday, May 5th.

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.