Susquehanna Fundamental Investments LLC Makes New Investment in Allient Inc. (NASDAQ:ALNT)

Susquehanna Fundamental Investments LLC purchased a new position in Allient Inc. (NASDAQ:ALNT - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 48,713 shares of the company's stock, valued at approximately $1,183,000. Susquehanna Fundamental Investments LLC owned 0.29% of Allient at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ALNT. Allspring Global Investments Holdings LLC grew its holdings in Allient by 23,963.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company's stock worth $9,948,000 after acquiring an additional 404,505 shares during the period. Barclays PLC grew its stake in shares of Allient by 61.2% during the 3rd quarter. Barclays PLC now owns 45,362 shares of the company's stock worth $862,000 after purchasing an additional 17,216 shares during the period. Franklin Resources Inc. increased its holdings in shares of Allient by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 28,034 shares of the company's stock valued at $516,000 after purchasing an additional 11,986 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Allient by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 344,166 shares of the company's stock valued at $6,537,000 after purchasing an additional 5,975 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Allient by 71.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 89,004 shares of the company's stock valued at $1,690,000 after purchasing an additional 37,151 shares during the period. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALNT has been the topic of several analyst reports. Northland Capmk cut shares of Allient from a "strong-buy" rating to a "hold" rating in a report on Monday. Northland Securities cut Allient from an "outperform" rating to a "market perform" rating in a research report on Monday.

Allient Price Performance

Shares of NASDAQ:ALNT traded up $0.17 during midday trading on Wednesday, reaching $22.02. 11,311 shares of the company's stock traded hands, compared to its average volume of 113,916. The company has a fifty day simple moving average of $22.24 and a two-hundred day simple moving average of $23.53. Allient Inc. has a 1 year low of $16.91 and a 1 year high of $32.00. The company has a market cap of $373.14 million, a P/E ratio of 24.78 and a beta of 1.39. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10.

Allient (NASDAQ:ALNT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. The business had revenue of $122.01 million for the quarter, compared to the consensus estimate of $119.72 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. Equities analysts predict that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.12 annualized dividend and a yield of 0.55%. Allient's dividend payout ratio (DPR) is currently 15.00%.

About Allient

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.