Hurley Capital LLC Acquires New Stake in Allient Inc. (NASDAQ:ALNT)

Hurley Capital LLC acquired a new stake in shares of Allient Inc. (NASDAQ:ALNT) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,491 shares of the company’s stock, valued at approximately $38,000.

Several other hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new stake in Allient in the 4th quarter worth about $32,000. Point72 DIFC Ltd purchased a new position in shares of Allient in the third quarter worth about $33,000. Globeflex Capital L P bought a new stake in shares of Allient in the fourth quarter valued at approximately $118,000. Alliancebernstein L.P. bought a new position in Allient in the 4th quarter worth approximately $211,000. Finally, one8zero8 LLC purchased a new position in Allient in the 4th quarter valued at approximately $214,000. 61.57% of the stock is currently owned by institutional investors.

Allient Stock Down 0.3 %

ALNT opened at $20.36 on Friday. The firm has a market capitalization of $345.06 million, a P/E ratio of 23.14 and a beta of 1.43. Allient Inc. has a one year low of $16.91 and a one year high of $33.09. The company has a fifty day moving average price of $24.39 and a 200-day moving average price of $23.17. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18.

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

Allient Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Thursday, March 20th. Allient’s dividend payout ratio is currently 15.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Northland Capmk raised Allient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Northland Securities raised 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.

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.