Allient Inc. (NASDAQ:ALNT) Short Interest Down 12.6% in December

Allient Inc. (NASDAQ:ALNT) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 180,000 shares, a drop of 12.6% from the December 15th total of 206,000 shares. Based on an average daily trading volume, of 144,500 shares, the short-interest ratio is presently 1.2 days. Approximately 1.3% of the company’s shares are short sold.

Allient Trading Up 0.8 %

Allient stock traded up $0.20 during trading hours on Friday, hitting $25.80. The company had a trading volume of 168,526 shares, compared to its average volume of 83,359. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. The firm has a market cap of $434.60 million, a P/E ratio of 29.32 and a beta of 1.61. The company has a 50-day moving average price of $25.01 and a two-hundred day moving average price of $22.73. Allient has a 1 year low of $16.91 and a 1 year high of $36.33.

Allient (NASDAQ:ALNT) last announced 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. The firm had revenue of $125.21 million during the quarter, compared to analyst estimates of $124.28 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. During the same quarter in the previous year, the business earned $0.61 earnings per share. On average, sell-side analysts anticipate that Allient will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.12 annualized dividend and a dividend yield of 0.47%. Allient’s dividend payout ratio is currently 13.64%.

Institutional Trading of Allient

Several institutional investors and hedge funds have recently made changes to their positions in ALNT. Point72 DIFC Ltd purchased a new position in Allient during the 3rd quarter valued at about $33,000. Copeland Capital Management LLC bought a new position in shares of Allient during the third quarter valued at approximately $50,000. Pathway Financial Advisers LLC increased its holdings in Allient by 1,798.7% during the third quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company’s stock valued at $56,000 after buying an additional 2,770 shares during the period. Creative Planning bought a new position in Allient in the third quarter worth approximately $199,000. Finally, Meixler Investment Management Ltd. lifted its holdings in Allient by 11.6% during the third quarter. Meixler Investment Management Ltd. now owns 11,287 shares of the company’s stock worth $214,000 after buying an additional 1,172 shares during the period. 61.57% of the stock is currently owned by institutional investors.

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.