Y Intercept Hong Kong Ltd Takes $249,000 Position in Allient Inc. (NASDAQ:ALNT)

Y Intercept Hong Kong Ltd acquired a new position in shares of Allient Inc. (NASDAQ:ALNT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,113 shares of the company’s stock, valued at approximately $249,000. Y Intercept Hong Kong Ltd owned 0.08% of Allient as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC raised its stake in Allient by 798.2% during the second quarter. CWM LLC now owns 1,006 shares of the company’s stock worth $25,000 after acquiring an additional 894 shares during the period. Point72 DIFC Ltd bought a new position in Allient in the 3rd quarter worth about $33,000. Copeland Capital Management LLC bought a new position in Allient in the 3rd quarter worth about $50,000. Pathway Financial Advisers LLC grew its position in Allient by 1,798.7% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company’s stock worth $56,000 after purchasing an additional 2,770 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Allient by 143.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,856 shares of the company’s stock worth $97,000 after purchasing an additional 2,271 shares during the last quarter. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Trading Down 4.5 %

Allient stock opened at $23.75 on Thursday. The firm has a 50 day simple moving average of $22.41 and a 200-day simple moving average of $22.87. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18. The stock has a market capitalization of $400.07 million, a PE ratio of 26.99 and a beta of 1.61. Allient Inc. has a 12-month low of $16.91 and a 12-month high of $36.33.

Allient (NASDAQ:ALNT) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.10. The business had revenue of $125.21 million during the quarter, compared to analysts’ expectations of $124.28 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. During the same period last year, the firm posted $0.61 earnings per share. As a group, equities research analysts expect that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Thursday, November 21st. Allient’s payout ratio is 13.64%.

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.