Allient Inc. (NASDAQ:ALNT) Position Increased by Martingale Asset Management L P

Martingale Asset Management L P increased its stake in shares of Allient Inc. (NASDAQ:ALNT) by 116.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 23,847 shares of the company’s stock after acquiring an additional 12,813 shares during the period. Martingale Asset Management L P’s holdings in Allient were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Allient by 843.2% during the third quarter. FMR LLC now owns 1,153,537 shares of the company’s stock valued at $21,906,000 after acquiring an additional 1,031,243 shares during the period. Diamond Hill Capital Management Inc. lifted its position in Allient by 29.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 238,844 shares of the company’s stock valued at $4,536,000 after purchasing an additional 54,005 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Allient by 56.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 119,754 shares of the company’s stock valued at $2,274,000 after purchasing an additional 43,167 shares during the period. Empowered Funds LLC bought a new position in Allient in the 3rd quarter worth about $770,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Allient by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 655,029 shares of the company’s stock valued at $16,552,000 after purchasing an additional 32,455 shares during the period. 61.57% of the stock is owned by institutional investors and hedge funds.

Allient Trading Up 1.6 %

Allient stock opened at $26.84 on Wednesday. Allient Inc. has a 12-month low of $16.91 and a 12-month high of $36.33. 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 has a market capitalization of $451.99 million, a PE ratio of 30.50 and a beta of 1.61. The firm has a 50 day simple moving average of $20.71 and a 200-day simple moving average of $22.94.

Allient (NASDAQ:ALNT) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. Allient had a return on equity of 10.80% and a net margin of 2.64%. The firm had revenue of $125.21 million during the quarter, compared to analyst estimates of $124.28 million. During the same period last year, the company posted $0.61 EPS. As a group, equities research analysts expect that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Thursday, November 21st. Allient’s dividend payout ratio (DPR) is presently 13.64%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ALNT shares. Northland Securities reduced their price objective on Allient from $35.00 to $30.00 and set a “market perform” rating for the company in a research report on Friday, August 9th. Craig Hallum reduced their price target on Allient from $41.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Roth Mkm lowered their price target on Allient from $39.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th.

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.