Allient Inc. (NASDAQ:ALNT) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in Allient Inc. (NASDAQ:ALNT) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,077 shares of the company’s stock after purchasing an additional 4,381 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.36% of Allient worth $1,483,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New York State Teachers Retirement System acquired a new stake in Allient in the fourth quarter valued at $32,000. Point72 DIFC Ltd acquired a new position in Allient in the third quarter valued at $33,000. AlphaQuest LLC lifted its position in Allient by 283.4% during the fourth quarter. AlphaQuest LLC now owns 9,889 shares of the company’s stock worth $240,000 after buying an additional 7,310 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Allient in the 3rd quarter worth about $249,000. Finally, Mission Wealth Management LP purchased a new stake in Allient in the 4th quarter valued at about $349,000. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Allient Stock Performance

Shares of NASDAQ ALNT opened at $24.26 on Thursday. Allient Inc. has a 1 year low of $16.91 and a 1 year 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. The stock has a fifty day moving average price of $25.06 and a two-hundred day moving average price of $22.95. The firm has a market cap of $408.66 million, a P/E ratio of 27.57 and a beta of 1.59.

Allient (NASDAQ:ALNT) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.28 by $0.03. Allient had a net margin of 2.64% and a return on equity of 10.80%. The business had revenue of $122.01 million during the quarter, compared to the consensus estimate of $119.72 million. Research analysts forecast that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Thursday, March 20th. Allient’s payout ratio is 15.00%.

Analyst Upgrades and Downgrades

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

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.