Allient Inc. (NASDAQ:ALNT) Short Interest Update

Allient Inc. (NASDAQ:ALNT) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 156,400 shares, a growth of 9.1% from the September 30th total of 143,300 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily volume of 125,500 shares, the short-interest ratio is presently 1.2 days.

Allient Stock Down 0.1 %

Shares of Allient stock opened at $17.56 on Thursday. The company has a quick ratio of 2.00, a current ratio of 3.90 and a debt-to-equity ratio of 0.89. The company has a market cap of $294.59 million, a P/E ratio of 11.63 and a beta of 1.50. The firm’s 50 day moving average price is $19.24 and its 200-day moving average price is $24.06. Allient has a 52-week low of $16.91 and a 52-week high of $36.33.

Allient (NASDAQ:ALNT) last announced its earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). The firm had revenue of $136.03 million during the quarter, compared to analyst estimates of $137.55 million. Allient had a net margin of 3.35% and a return on equity of 13.04%. During the same quarter last year, the business earned $0.58 earnings per share. On average, sell-side analysts predict that Allient will post 1.29 EPS for the current fiscal year.

Allient Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.68%. The ex-dividend date was Thursday, August 22nd. Allient’s dividend payout ratio is currently 7.95%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Allient

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALNT. Pullen Investment Management LLC increased its holdings in shares of Allient by 3.2% during the second quarter. Pullen Investment Management LLC now owns 13,555 shares of the company’s stock valued at $343,000 after acquiring an additional 415 shares in the last quarter. Isthmus Partners LLC grew its position in Allient by 0.7% during the 2nd quarter. Isthmus Partners LLC now owns 98,165 shares of the company’s stock worth $25,000 after purchasing an additional 653 shares during the last quarter. Algert Global LLC increased its stake in Allient by 5.2% during the 2nd quarter. Algert Global LLC now owns 13,993 shares of the company’s stock valued at $354,000 after purchasing an additional 689 shares in the last quarter. CWM LLC lifted its stake in shares of Allient by 798.2% during the second quarter. CWM LLC now owns 1,006 shares of the company’s stock worth $25,000 after buying an additional 894 shares during the period. Finally, Shell Asset Management Co. acquired a new stake in shares of Allient during the first quarter worth $35,000. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Allient Company 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.