Allient Inc. (NASDAQ:ALNT) Short Interest Update

Allient Inc. (NASDAQ:ALNT) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 206,000 shares, a growth of 22.0% from the November 30th total of 168,800 shares. Based on an average trading volume of 144,800 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.5% of the company’s shares are sold short.

Institutional Investors Weigh In On Allient

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its holdings in Allient by 843.2% during the third quarter. FMR LLC now owns 1,153,537 shares of the company’s stock worth $21,906,000 after purchasing an additional 1,031,243 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Allient by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 655,029 shares of the company’s stock valued at $16,552,000 after purchasing an additional 32,455 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Allient by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 344,166 shares of the company’s stock valued at $6,537,000 after buying an additional 5,975 shares during the last quarter. State Street Corp increased its holdings in Allient by 0.8% during the third quarter. State Street Corp now owns 306,239 shares of the company’s stock worth $5,815,000 after buying an additional 2,453 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in Allient by 7.9% in the third quarter. Pinnacle Associates Ltd. now owns 267,806 shares of the company’s stock valued at $5,086,000 after acquiring an additional 19,622 shares during the last quarter. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Stock Down 0.1 %

Shares of NASDAQ:ALNT opened at $24.01 on Tuesday. The company has a 50 day moving average price of $23.24 and a two-hundred day moving average price of $22.73. The company has a market capitalization of $404.45 million, a PE ratio of 27.28 and a beta of 1.61. Allient has a 52 week low of $16.91 and a 52 week 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.

Allient (NASDAQ:ALNT) last posted its earnings results on Wednesday, November 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.10. Allient had a return on equity of 10.80% and a net margin of 2.64%. The firm had revenue of $125.21 million for the quarter, compared to analyst estimates of $124.28 million. During the same period in the previous year, the company posted $0.61 earnings per share. Analysts forecast that Allient will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.12 annualized dividend and a dividend yield of 0.50%. 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.