Dunhill Financial LLC Has $62,000 Stock Position in Allient Inc. (NASDAQ:ALNT)

Dunhill Financial LLC lessened its stake in Allient Inc. (NASDAQ:ALNT) by 23.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,542 shares of the company’s stock after selling 768 shares during the quarter. Dunhill Financial LLC’s holdings in Allient were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Allient by 23,963.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company’s stock valued at $9,948,000 after purchasing an additional 404,505 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Allient in the 4th quarter valued at $7,268,000. Zacks Investment Management bought a new stake in shares of Allient during the fourth quarter worth $2,443,000. Bank of Montreal Can acquired a new position in shares of Allient during the fourth quarter valued at $2,281,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Allient in the fourth quarter valued at about $1,183,000. 61.57% of the stock is owned by institutional investors.

Allient Stock Up 1.2 %

Allient stock opened at $22.12 on Thursday. Allient Inc. has a twelve month low of $16.91 and a twelve month high of $32.00. 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 company has a 50 day moving average of $22.19 and a 200-day moving average of $23.52. The stock has a market capitalization of $374.89 million, a PE ratio of 25.14 and a beta of 1.39.

Allient (NASDAQ:ALNT) last announced its 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 for the quarter, compared to analyst estimates of $125.00 million. On average, equities research analysts anticipate that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.54%. Allient’s dividend payout ratio is 15.00%.

Wall Street Analyst Weigh In

Several analysts have weighed in on ALNT shares. Northland Capmk cut Allient from a “strong-buy” rating to a “hold” rating in a report on Monday. Northland Securities set a $35.00 price objective on shares of Allient in a report on Monday.

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.