Pullen Investment Management LLC Buys 31,982 Shares of Allient Inc. (NASDAQ:ALNT)

Pullen Investment Management LLC boosted its holdings in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 205.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,528 shares of the company's stock after purchasing an additional 31,982 shares during the quarter. Pullen Investment Management LLC owned about 0.28% of Allient worth $1,154,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Empowered Funds LLC raised its position in shares of Allient by 5.0% during the 4th quarter. Empowered Funds LLC now owns 42,586 shares of the company's stock valued at $1,034,000 after buying an additional 2,040 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Allient by 23,963.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company's stock worth $9,948,000 after acquiring an additional 404,505 shares during the last quarter. White Pine Capital LLC purchased a new stake in Allient during the fourth quarter valued at approximately $407,000. New York State Teachers Retirement System purchased a new stake in Allient during the fourth quarter valued at approximately $32,000. Finally, Nkcfo LLC bought a new stake in shares of Allient in the 4th quarter valued at approximately $364,000. Institutional investors own 61.57% of the company's stock.

Wall Street Analyst Weigh In

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

Allient Trading Down 1.5%

Shares of NASDAQ:ALNT traded down $0.48 during trading hours on Friday, hitting $30.91. 22,273 shares of the company's stock traded hands, compared to its average volume of 92,583. The firm has a market capitalization of $523.28 million, a P/E ratio of 35.13 and a beta of 1.39. The business has a fifty day moving average price of $24.46 and a 200-day moving average price of $24.84. Allient Inc. has a 1 year low of $16.91 and a 1 year high of $32.95. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18.

Allient (NASDAQ:ALNT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.13. Allient had a return on equity of 10.80% and a net margin of 2.64%. The company had revenue of $134.62 million during the quarter, compared to analysts' expectations of $125.00 million. Equities analysts expect that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Thursday, May 22nd. Allient's payout ratio is presently 20.34%.

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.