Allient Inc. (NASDAQ:ALNT) Short Interest Up 22.0% in December

Allient Inc. (NASDAQ:ALNT) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 206,000 shares, an increase of 22.0% from the November 30th total of 168,800 shares. Based on an average daily trading volume, of 144,800 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.5% of the shares of the company are short sold.

Institutional Trading of Allient

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC raised its holdings in Allient by 843.2% during the third 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 in the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Allient by 29.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 238,844 shares of the company’s stock valued at $4,536,000 after acquiring an additional 54,005 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Allient by 56.4% during the third quarter. Assenagon Asset Management S.A. now owns 119,754 shares of the company’s stock valued at $2,274,000 after buying an additional 43,167 shares in the last quarter. Empowered Funds LLC acquired a new stake in Allient in the 3rd quarter valued at $770,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Allient by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 89,004 shares of the company’s stock worth $1,690,000 after buying an additional 37,151 shares during the period. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Allient Trading Down 0.0 %

Allient stock traded down $0.01 during mid-day trading on Monday, hitting $24.02. The company’s stock had a trading volume of 21,378 shares, compared to its average volume of 104,663. The firm has a market capitalization of $404.62 million, a PE ratio of 27.30 and a beta of 1.61. Allient has a 1 year low of $16.91 and a 1 year high of $36.33. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. The stock’s fifty day moving average is $23.12 and its two-hundred day moving average is $22.74.

Allient (NASDAQ:ALNT) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.21 by $0.10. The company 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 quarter last year, the company posted $0.61 EPS. On average, analysts anticipate that Allient will post 1.43 EPS for the current year.

Allient Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.50%. The ex-dividend date was Thursday, November 21st. Allient’s dividend payout ratio (DPR) is presently 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.