Susquehanna Fundamental Investments LLC Buys Shares of 48,713 Allient Inc. (NASDAQ:ALNT)

Susquehanna Fundamental Investments LLC bought a new position in shares of Allient Inc. (NASDAQ:ALNT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 48,713 shares of the company's stock, valued at approximately $1,183,000. Susquehanna Fundamental Investments LLC owned approximately 0.29% of Allient at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Hancock Whitney Corp purchased a new position in shares of Allient in the 4th quarter valued at $232,000. Voya Investment Management LLC acquired a new position in Allient in the fourth quarter valued at $290,000. Syon Capital LLC purchased a new position in shares of Allient during the fourth quarter worth about $213,000. Dimensional Fund Advisors LP increased its position in shares of Allient by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 702,254 shares of the company's stock worth $17,051,000 after purchasing an additional 3,326 shares in the last quarter. Finally, Zacks Investment Management purchased a new stake in shares of Allient in the 4th quarter valued at about $2,443,000. Hedge funds and other institutional investors own 61.57% of the company's stock.

Allient Stock Performance

ALNT traded up $0.80 on Friday, hitting $22.43. 61,178 shares of the company traded hands, compared to its average volume of 114,371. Allient Inc. has a 12-month low of $16.91 and a 12-month high of $32.00. The company has a 50 day moving average of $22.38 and a 200-day moving average of $23.49. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $380.14 million, a PE ratio of 25.49 and a beta of 1.43.

Allient (NASDAQ:ALNT - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. The firm had revenue of $122.01 million during the quarter, compared to the consensus estimate of $119.72 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. Sell-side analysts anticipate that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued 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 0.53%. Allient's dividend payout ratio is currently 15.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Northland Capmk upgraded Allient from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Northland Securities raised shares of Allient from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $30.00 to $35.00 in a report on Tuesday, February 11th.

Allient 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.