Meixler Investment Management Ltd. Boosts Stake in Allient Inc. (NASDAQ:ALNT)

Meixler Investment Management Ltd. lifted its position in shares of Allient Inc. (NASDAQ:ALNT) by 11.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,287 shares of the company’s stock after purchasing an additional 1,172 shares during the quarter. Meixler Investment Management Ltd.’s holdings in Allient were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Juniper Investment Company LLC purchased a new position in Allient during the first quarter valued at $27,069,000. Vanguard Group Inc. lifted its position in Allient by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 728,813 shares of the company’s stock valued at $26,004,000 after acquiring an additional 9,680 shares during the period. Dimensional Fund Advisors LP boosted its stake in Allient by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 655,029 shares of the company’s stock worth $16,552,000 after acquiring an additional 32,455 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in Allient by 7.9% during the third quarter. Pinnacle Associates Ltd. now owns 267,806 shares of the company’s stock worth $5,086,000 after acquiring an additional 19,622 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its holdings in Allient by 29.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 238,844 shares of the company’s stock worth $4,536,000 after purchasing an additional 54,005 shares during the period. 61.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALNT. Craig Hallum lowered their price objective on Allient from $41.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Northland Securities decreased their price target on Allient from $35.00 to $30.00 and set a “market perform” rating for the company in a research note on Friday, August 9th. Finally, Roth Mkm dropped their price objective on Allient from $39.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th.

Allient Stock Up 3.8 %

ALNT opened at $22.65 on Monday. The stock has a market capitalization of $381.43 million, a price-to-earnings ratio of 25.74 and a beta of 1.51. The firm has a 50 day moving average price of $19.04 and a 200-day moving average price of $23.55. Allient Inc. has a twelve month low of $16.91 and a twelve month high of $36.33. The company has a quick ratio of 2.00, a current ratio of 4.10 and a debt-to-equity ratio of 0.85.

Allient (NASDAQ:ALNT) last announced its earnings results on Wednesday, November 6th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. The business had revenue of $125.21 million during the quarter, compared to analyst estimates of $124.28 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. During the same period in the previous year, the business earned $0.61 EPS. Equities research analysts forecast that Allient Inc. will post 1.29 earnings per share for the current year.

Allient Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.03 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.12 annualized dividend and a yield of 0.53%. Allient’s payout ratio is 13.64%.

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.