Punch & Associates Investment Management Inc. Cuts Stake in Allient Inc. $ALNT

Key Points

• Punch & Associates Investment Management Inc. reduced its stake in **Allient Inc.** by **43.3%**, now holding approximately **0.70%** of the company after selling **90,000 shares**.
• Allient reported a quarterly EPS of **$0.57**, exceeding estimates by **$0.09**, with revenue reaching **$139.58 million**, surpassing expectations of **$132.89 million**.
• The company recently declared a **$0.03** quarterly dividend, reflecting an annualized yield of **0.3%** and a payout ratio of **13.95%**.

Punch & Associates Investment Management Inc. reduced its stake in Allient Inc. (NASDAQ:ALNT - Free Report) by 43.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,000 shares of the company's stock after selling 90,000 shares during the period. Punch & Associates Investment Management Inc. owned approximately 0.70% of Allient worth $2,594,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ALNT. Public Employees Retirement System of Ohio purchased a new stake in shares of Allient in the fourth quarter worth $41,000. CWM LLC boosted its position in shares of Allient by 105.2% during the first quarter. CWM LLC now owns 1,890 shares of the company's stock valued at $42,000 after buying an additional 969 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Allient during the first quarter valued at $60,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Allient by 4.7% during the first 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. Finally, Hancock Whitney Corp boosted its position in shares of Allient by 21.1% during the first 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. 61.57% of the stock is owned by hedge funds and other institutional investors.

Allient Trading Down 1.1%

Allient stock opened at $45.54 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.74 and a quick ratio of 2.17. Allient Inc. has a one year low of $16.91 and a one year high of $48.22. The stock has a market capitalization of $771.90 million, a PE ratio of 52.95 and a beta of 1.51. The business's fifty day moving average is $41.66 and its 200 day moving average is $31.75.

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

Allient Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a $0.03 dividend. 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%.

About Allient

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.

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