Voya Investment Management LLC Invests $290,000 in Allient Inc. (NASDAQ:ALNT)

Voya Investment Management LLC acquired a new stake in shares of Allient Inc. (NASDAQ:ALNT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,932 shares of the company's stock, valued at approximately $290,000. Voya Investment Management LLC owned about 0.07% of Allient as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ALNT. New York State Teachers Retirement System purchased a new position in shares of Allient during the 4th quarter valued at approximately $32,000. Hurley Capital LLC purchased a new position in Allient during the fourth quarter valued at $38,000. Globeflex Capital L P acquired a new stake in shares of Allient in the fourth quarter valued at about $118,000. Alliancebernstein L.P. acquired a new stake in shares of Allient in the fourth quarter valued at about $211,000. Finally, Syon Capital LLC purchased a new stake in shares of Allient during the fourth quarter worth about $213,000. Institutional investors and hedge funds own 61.57% of the company's stock.

Allient Price Performance

ALNT traded down $0.57 on Friday, reaching $32.20. 176,095 shares of the company's stock were exchanged, compared to its average volume of 116,445. Allient Inc. has a twelve month low of $16.91 and a twelve month high of $32.83. The stock has a market cap of $545.11 million, a PE ratio of 36.59 and a beta of 1.39. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18. The stock's fifty day moving average price is $22.98 and its 200-day moving average price is $24.04.

Allient (NASDAQ:ALNT - Get Free Report) last posted its quarterly 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. Allient had a return on equity of 10.80% and a net margin of 2.64%. The business had revenue of $134.62 million during the quarter, compared to analyst estimates of $125.00 million. Sell-side analysts expect that Allient Inc. will post 1.43 EPS for the current year.

Allient Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, May 22nd. Allient's payout ratio is currently 20.34%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ALNT. Northland Securities set a $35.00 price target on shares of Allient in a research note on Monday, May 5th. Northland Capmk downgraded Allient from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 5th.

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.