Mink Brook Asset Management LLC Takes 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 disclosure with the Securities and Exchange Commission. The fund acquired 375,256 shares of the business services provider's stock, valued at approximately $4,507,000. AstroNova comprises about 4.3% of Mink Brook Asset Management LLC's portfolio, making the stock its 8th largest holding. Mink Brook Asset Management LLC owned approximately 4.98% of AstroNova as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Bridgeway Capital Management LLC lifted its stake in AstroNova by 7.0% in 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 raised its stake in shares of AstroNova by 14.6% during the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider's stock valued at $785,000 after acquiring an additional 8,314 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of AstroNova by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider's stock valued at $847,000 after acquiring an additional 1,226 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of 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 valued at $1,003,000 after acquiring an additional 15,544 shares during the last quarter. Finally, Peapod Lane Capital LLC bought a new position in shares of AstroNova during the fourth quarter valued at about $1,536,000. 43.02% of the stock is owned by institutional investors.

Insider Buying and Selling

In other AstroNova news, Director Richard S. Warzala acquired 20,000 shares of the business's stock in a transaction on Thursday, April 17th. The shares were acquired at an average price of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the acquisition, the director now owns 60,385 shares in the company, valued at $487,306.95. This trade represents a 49.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.70% of the stock is owned by insiders.

AstroNova Price Performance

ALOT stock opened at $9.02 on Tuesday. AstroNova, Inc. has a 1 year low of $7.53 and a 1 year high of $18.25. The company has a market cap of $68.33 million, a P/E ratio of 18.04 and a beta of 0.64. The firm has a 50-day moving average of $9.06 and a 200 day moving average of $11.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 0.77.

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

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of AstroNova in a research note on Monday. They set a "buy" rating for the company.

AstroNova Company Profile

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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