Allient Inc. (NASDAQ:ALNT) Short Interest Update

Allient Inc. (NASDAQ:ALNT) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 190,600 shares, a drop of 22.8% from the February 28th total of 246,800 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 86,200 shares, the short-interest ratio is presently 2.2 days.

Allient Trading Up 0.1 %

NASDAQ:ALNT opened at $22.00 on Wednesday. Allient has a 52 week low of $16.91 and a 52 week high of $34.23. The firm has a 50-day moving average price of $24.71 and a two-hundred day moving average price of $23.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. The firm has a market cap of $372.86 million, a price-to-earnings ratio of 25.00 and a beta of 1.59.

Allient (NASDAQ:ALNT) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. Allient had a return on equity of 10.80% and a net margin of 2.64%. The company had revenue of $122.01 million during the quarter, compared to analyst estimates of $119.72 million. On average, equities analysts expect that Allient will post 1.43 earnings per share for the current fiscal year.

Allient Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.55%. The ex-dividend date is Thursday, March 20th. Allient’s dividend payout ratio is currently 15.00%.

Analyst Upgrades and Downgrades

ALNT has been the subject of a number of recent analyst reports. Northland Securities raised Allient from a “market perform” rating to an “outperform” rating and upped their price target for the company from $30.00 to $35.00 in a research note on Tuesday, February 11th. Northland Capmk upgraded Allient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

Institutional Trading of Allient

A number of institutional investors and hedge funds have recently bought and sold shares of ALNT. New York State Teachers Retirement System purchased a new position in shares of Allient in the 4th quarter worth $32,000. Point72 DIFC Ltd purchased a new position in Allient during the 3rd quarter valued at approximately $33,000. Hurley Capital LLC purchased a new stake in shares of Allient during the 4th quarter valued at about $38,000. Public Employees Retirement System of Ohio bought a new stake in shares of Allient in the 4th quarter valued at approximately $41,000. Finally, Globeflex Capital L P bought a new position in Allient during the fourth quarter valued at $118,000. 61.57% of the stock is currently owned by institutional investors.

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.