Seizert Capital Partners LLC Makes New Investment in Allient Inc. (NASDAQ:ALNT)

Key Points

• Seizert Capital Partners LLC invested approximately $3.31 million in Allient Inc. by acquiring 150,690 shares, representing 0.89% ownership of the company.
• Allient Inc. reported better-than-expected earnings with an EPS of $0.46, surpassing the consensus estimate of $0.33, and had a revenue of $134.62 million for the quarter.
• The company recently declared a quarterly dividend of $0.03 per share, resulting in an annualized dividend yield of 0.30% and a payout ratio of 20.34%.

Seizert Capital Partners LLC bought a new position in shares of Allient Inc. (NASDAQ:ALNT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 150,690 shares of the company's stock, valued at approximately $3,312,000. Seizert Capital Partners LLC owned 0.89% of Allient as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Allient in the fourth quarter valued at approximately $7,268,000. Juniper Investment Company LLC raised its holdings in shares of Allient by 14.6% in the fourth quarter. Juniper Investment Company LLC now owns 869,149 shares of the company's stock valued at $21,103,000 after purchasing an additional 110,497 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Allient in the fourth quarter valued at approximately $2,443,000. Bank of Montreal Can acquired a new stake in shares of Allient in the fourth quarter valued at approximately $2,281,000. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Allient by 37.6% in the first quarter. Pinnacle Associates Ltd. now owns 327,132 shares of the company's stock valued at $7,190,000 after purchasing an additional 89,463 shares during the last quarter. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Allient Stock Performance

Shares of Allient stock traded down $2.29 during trading on Friday, reaching $38.02. The company's stock had a trading volume of 248,286 shares, compared to its average volume of 156,230. The business's 50-day moving average price is $35.91 and its 200-day moving average price is $28.39. The firm has a market cap of $643.68 million, a PE ratio of 64.44 and a beta of 1.52. Allient Inc. has a 52 week low of $16.91 and a 52 week high of $40.71. The company has a quick ratio of 2.35, a current ratio of 4.03 and a debt-to-equity ratio of 0.81.

Allient (NASDAQ:ALNT - Get Free Report) last announced its earnings results 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. The company had revenue of $134.62 million during the quarter, compared to analysts' expectations of $125.00 million. Allient had a net margin of 1.90% and a return on equity of 8.45%. Equities analysts forecast that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.12 annualized dividend and a yield of 0.3%. Allient's dividend payout ratio is currently 20.34%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Northland Capmk downgraded shares of 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 shares of 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.