Royce & Associates LP trimmed its stake in AstroNova, Inc. (NASDAQ:ALOT - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 342,426 shares of the business services provider's stock after selling 85,472 shares during the period. Royce & Associates LP owned 4.52% of AstroNova worth $3,147,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bridgeway Capital Management LLC raised its holdings in AstroNova by 7.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider's stock worth $472,000 after acquiring an additional 2,574 shares during the last quarter. Northern Trust Corp increased its stake in shares of AstroNova by 14.6% in the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider's stock worth $785,000 after purchasing an additional 8,314 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of AstroNova by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider's stock worth $847,000 after purchasing an additional 1,226 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in AstroNova by 15.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 96,063 shares of the business services provider's stock worth $883,000 after buying an additional 12,519 shares in the last quarter. Finally, Mink Brook Asset Management LLC purchased a new stake in AstroNova in the 4th quarter worth approximately $4,507,000. 43.02% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Wall Street Zen assumed coverage on AstroNova in a research report on Tuesday, May 20th. They set a "buy" rating for the company.
Get Our Latest Report on AstroNova
AstroNova Trading Down 0.1%
NASDAQ ALOT traded down $0.01 on Thursday, hitting $11.34. 392 shares of the stock were exchanged, compared to its average volume of 12,903. AstroNova, Inc. has a 52-week low of $7.53 and a 52-week high of $17.24. The stock has a fifty day moving average price of $10.23 and a two-hundred day moving average price of $10.12. The firm has a market capitalization of $86.18 million, a P/E ratio of -5.32 and a beta of 0.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.61 and a current ratio of 1.67.
AstroNova (NASDAQ:ALOT - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The business services provider reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $37.71 million during the quarter. AstroNova had a negative net margin of 10.28% and a positive return on equity of 2.21%.
Insider Buying and Selling at AstroNova
In other news, Director Mitchell I. Quain purchased 10,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was acquired at an average cost of $9.05 per share, with a total value of $90,500.00. Following the completion of the transaction, the director owned 97,719 shares in the company, valued at $884,356.95. This represents a 11.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 17.70% of the stock is owned by company insiders.
About AstroNova
(
Free Report)
AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates in two segments, Product Identification (PI) and Test & Measurement (T&M).
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