Punch & Associates Investment Management Inc. Reduces Position 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. trimmed its position in Allient Inc. (NASDAQ:ALNT - Free Report) by 43.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,000 shares of the company's stock after selling 90,000 shares during the quarter. Punch & Associates Investment Management Inc. owned about 0.70% of Allient worth $2,594,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ALNT. Public Employees Retirement System of Ohio bought a new stake in shares of Allient in the fourth quarter worth about $41,000. CWM LLC increased its holdings in shares of Allient by 105.2% in the first quarter. CWM LLC now owns 1,890 shares of the company's stock worth $42,000 after purchasing an additional 969 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Allient in the first quarter worth about $60,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Allient by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company's stock worth $192,000 after purchasing an additional 390 shares during the last quarter. Finally, Hancock Whitney Corp increased its holdings in shares of Allient by 21.1% in the first quarter. Hancock Whitney Corp now owns 11,555 shares of the company's stock worth $254,000 after purchasing an additional 2,017 shares during the last quarter. 61.57% of the stock is owned by institutional investors.

Allient Price Performance

Shares of ALNT stock traded up $0.11 during trading hours on Friday, hitting $46.58. The stock had a trading volume of 45,329 shares, compared to its average volume of 120,772. Allient Inc. has a one year low of $16.91 and a one year high of $48.22. 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 stock's 50-day moving average price is $42.30 and its two-hundred day moving average price is $32.24. The stock has a market capitalization of $789.46 million, a price-to-earnings ratio of 54.37 and a beta of 1.51.

Allient (NASDAQ:ALNT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.57 earnings per share (EPS) 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 firm had revenue of $139.58 million for the quarter, compared to analysts' expectations of $132.89 million. Equities analysts forecast that Allient Inc. will post 1.43 EPS for the current year.

Allient Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Allient's payout ratio is currently 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.