Allient Inc. (NASDAQ:ALNT) Short Interest Down 12.6% in December

Allient Inc. (NASDAQ:ALNT) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 180,000 shares, a decrease of 12.6% from the December 15th total of 206,000 shares. Based on an average daily trading volume, of 144,500 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.3% of the company’s stock are sold short.

Institutional Investors Weigh In On Allient

Several institutional investors have recently added to or reduced their stakes in ALNT. Point72 DIFC Ltd acquired a new position in shares of Allient during the third quarter valued at about $33,000. Copeland Capital Management LLC purchased a new stake in Allient during the 3rd quarter worth approximately $50,000. Pathway Financial Advisers LLC increased its stake in 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 in the last quarter. Creative Planning purchased a new position in shares of Allient in the third quarter worth $199,000. Finally, Meixler Investment Management Ltd. lifted its stake in shares of Allient by 11.6% during 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. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Stock Up 0.8 %

Shares of NASDAQ:ALNT traded up $0.20 during trading on Friday, reaching $25.80. The stock had a trading volume of 168,526 shares, compared to its average volume of 83,359. The firm’s 50-day simple moving average is $25.01 and its 200 day simple moving average is $22.73. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. Allient has a one year low of $16.91 and a one year high of $36.33. The company has a market capitalization of $434.60 million, a P/E ratio of 29.32 and a beta of 1.61.

Allient (NASDAQ:ALNT) last posted its 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. Allient had a net margin of 2.64% and a return on equity of 10.80%. The company had revenue of $125.21 million during the quarter, compared to analysts’ expectations of $124.28 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. As a group, research analysts expect that Allient will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Thursday, November 21st. Allient’s dividend payout ratio is currently 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.