AstroNova, Inc. (NASDAQ:ALOT) Shares Sold by Royce & Associates LP

Royce & Associates LP reduced its holdings in shares of AstroNova, Inc. (NASDAQ:ALOT) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 427,898 shares of the business services provider’s stock after selling 6,300 shares during the quarter. Royce & Associates LP owned 5.68% of AstroNova worth $5,139,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ALOT. Geode Capital Management LLC grew its stake in AstroNova by 10.5% during the third quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock worth $933,000 after buying an additional 6,592 shares during the period. Diamond Hill Capital Management Inc. grew its stake in AstroNova by 22.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock worth $1,003,000 after buying an additional 15,544 shares during the period. Finally, Peapod Lane Capital LLC purchased a new stake in AstroNova during the fourth quarter worth approximately $1,536,000. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of AstroNova in a research note on Monday. They set a “buy” rating for the company.

AstroNova Price Performance

ALOT opened at $10.64 on Thursday. The company has a market cap of $80.11 million, a P/E ratio of 21.28 and a beta of 0.62. The company has a 50 day moving average of $11.37 and a two-hundred day moving average of $13.06. The company has a quick ratio of 0.77, a current ratio of 1.83 and a debt-to-equity ratio of 0.23. AstroNova, Inc. has a 52-week low of $9.70 and a 52-week high of $18.25.

AstroNova Profile

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates in two segments, Product Identification (PI) and Test & Measurement (T&M).