Short Interest in Allient Inc. (NASDAQ:ALNT) Expands By 29.4%

Allient Inc. (NASDAQ:ALNT) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 246,800 shares, an increase of 29.4% from the February 13th total of 190,700 shares. Based on an average trading volume of 93,900 shares, the short-interest ratio is currently 2.6 days. Currently, 1.8% of the shares of the stock are sold short.

Institutional Investors Weigh In On Allient

Several hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in shares of Allient by 843.2% during the 3rd quarter. FMR LLC now owns 1,153,537 shares of the company’s stock worth $21,906,000 after purchasing an additional 1,031,243 shares during the last quarter. Juniper Investment Company LLC lifted its holdings in shares of Allient by 14.6% during the 4th quarter. Juniper Investment Company LLC now owns 869,149 shares of the company’s stock worth $21,103,000 after acquiring an additional 110,497 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Allient by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 702,254 shares of the company’s stock worth $17,051,000 after acquiring an additional 3,326 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Allient by 23,963.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company’s stock worth $9,948,000 after acquiring an additional 404,505 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Allient by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 345,726 shares of the company’s stock worth $8,396,000 after acquiring an additional 1,560 shares during the period. 61.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on ALNT. Northland Capmk raised shares of Allient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Northland Securities raised shares of Allient from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $30.00 to $35.00 in a research note on Tuesday, February 11th.

Allient Price Performance

Allient stock opened at $23.66 on Wednesday. Allient has a 12-month low of $16.91 and a 12-month high of $36.33. The stock has a market capitalization of $398.55 million, a P/E ratio of 26.89 and a beta of 1.59. The firm’s 50-day moving average is $25.08 and its two-hundred day moving average is $22.94. 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 released its quarterly earnings results on Wednesday, March 5th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. Allient had a net margin of 2.64% and a return on equity of 10.80%. The company had revenue of $122.01 million for the quarter, compared to analysts’ expectations of $119.72 million. Equities analysts predict 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 will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.12 annualized dividend and a dividend yield of 0.51%. Allient’s dividend payout ratio is currently 15.00%.

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.