SG Americas Securities LLC Sells 943 Shares of Allient Inc. (NASDAQ:ALNT)

SG Americas Securities LLC reduced its stake in Allient Inc. (NASDAQ:ALNT) by 8.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,695 shares of the company’s stock after selling 943 shares during the period. SG Americas Securities LLC’s holdings in Allient were worth $260,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in Allient in the third quarter worth $33,000. Copeland Capital Management LLC purchased a new stake in Allient during the 3rd quarter valued at $50,000. Pathway Financial Advisers LLC grew its stake in shares of Allient by 1,798.7% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company’s stock valued at $56,000 after purchasing an additional 2,770 shares during the period. Creative Planning bought a new stake in shares of Allient during the 3rd quarter valued at $199,000. Finally, Meixler Investment Management Ltd. raised its stake in shares of Allient by 11.6% in the third quarter. Meixler Investment Management Ltd. now owns 11,287 shares of the company’s stock worth $214,000 after buying an additional 1,172 shares during the period. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Allient Stock Down 0.1 %

ALNT opened at $24.66 on Friday. The firm’s fifty day moving average is $25.27 and its 200 day moving average is $22.68. The stock has a market cap of $415.27 million, a price-to-earnings ratio of 28.02 and a beta of 1.61. Allient Inc. has a fifty-two week low of $16.91 and a fifty-two week high of $36.33. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. The company had revenue of $125.21 million during the quarter, compared to analyst estimates of $124.28 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. During the same period in the prior year, the company earned $0.61 earnings per share. On average, sell-side analysts forecast that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

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.