Mink Brook Asset Management LLC Takes $4.51 Million Position in AstroNova, Inc. (NASDAQ:ALOT)

Mink Brook Asset Management LLC acquired a new position in shares of AstroNova, Inc. (NASDAQ:ALOT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 375,256 shares of the business services provider's stock, valued at approximately $4,507,000. AstroNova comprises approximately 4.3% of Mink Brook Asset Management LLC's investment portfolio, making the stock its 8th biggest position. Mink Brook Asset Management LLC owned 4.98% of AstroNova at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ALOT. Bridgeway Capital Management LLC lifted its stake in AstroNova by 7.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider's stock worth $472,000 after purchasing an additional 2,574 shares during the last quarter. Northern Trust Corp lifted its stake in AstroNova by 14.6% during the fourth 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 during the last quarter. Geode Capital Management LLC lifted its stake in AstroNova by 1.8% during the fourth 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 during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in AstroNova by 22.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider's stock worth $1,003,000 after purchasing an additional 15,544 shares during the last quarter. Finally, Peapod Lane Capital LLC purchased a new stake in AstroNova during the fourth quarter worth approximately $1,536,000. 43.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com started coverage on AstroNova in a report on Monday, May 12th. They issued a "buy" rating on the stock.

AstroNova Price Performance

ALOT stock traded up $0.29 on Friday, reaching $9.00. 18,330 shares of the company's stock were exchanged, compared to its average volume of 14,270. The stock has a fifty day moving average of $8.96 and a 200-day moving average of $11.43. AstroNova, Inc. has a twelve month low of $7.53 and a twelve month high of $18.25. The firm has a market cap of $68.18 million, a PE ratio of 18.00 and a beta of 0.64. The company has a quick ratio of 0.77, a current ratio of 1.83 and a debt-to-equity ratio of 0.23.

AstroNova (NASDAQ:ALOT - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The business services provider reported $0.06 earnings per share (EPS) for the quarter. AstroNova had a return on equity of 5.21% and a net margin of 2.49%. The business had revenue of $37.36 million for the quarter.

Insider Buying and Selling

In other news, Director Richard S. Warzala acquired 20,000 shares of the business's stock in a transaction dated Thursday, April 17th. The shares were bought at an average cost of $8.07 per share, for a total transaction of $161,400.00. Following the acquisition, the director now directly owns 60,385 shares in the company, valued at $487,306.95. This trade represents a 49.52% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 18.80% of the stock is currently owned by company insiders.

About AstroNova

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).