AstroNova Inc (NASDAQ:ALOT) Short Interest Update

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AstroNova Inc (NASDAQ:ALOT) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 32,400 shares, a growth of 41.5% from the May 30th total of 22,900 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 54,900 shares, the short-interest ratio is presently 0.6 days.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Corrado Advisors LLC acquired a new stake in shares of AstroNova in the second quarter valued at $196,000. Mesirow Financial Investment Management Inc. raised its stake in shares of AstroNova by 46.8% in the first quarter. Mesirow Financial Investment Management Inc. now owns 25,670 shares of the business services provider’s stock valued at $523,000 after acquiring an additional 8,183 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of AstroNova by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 46,934 shares of the business services provider’s stock valued at $880,000 after acquiring an additional 930 shares in the last quarter. Quantum Capital Management raised its stake in shares of AstroNova by 13.9% in the first quarter. Quantum Capital Management now owns 61,939 shares of the business services provider’s stock valued at $1,263,000 after acquiring an additional 7,579 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of AstroNova by 1.4% in the first quarter. Royce & Associates LP now owns 93,400 shares of the business services provider’s stock valued at $1,904,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 58.97% of the company’s stock.

Shares of NASDAQ ALOT opened at $25.14 on Friday. The firm has a market capitalization of $176.23 million, a PE ratio of 30.66, a P/E/G ratio of 2.33 and a beta of 0.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 2.73. AstroNova has a 12-month low of $16.74 and a 12-month high of $27.96. The company has a fifty day moving average of $25.84.

AstroNova (NASDAQ:ALOT) last announced its quarterly earnings data on Wednesday, June 5th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $36.18 million for the quarter. AstroNova had a return on equity of 9.75% and a net margin of 4.68%. As a group, sell-side analysts expect that AstroNova will post 0.9 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 17th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Friday, June 14th. AstroNova’s payout ratio is currently 34.15%.

A number of research analysts have commented on ALOT shares. ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Zacks Investment Research upgraded Grana y Montero SAA from a “sell” rating to a “hold” rating in a research note on Monday, June 10th.

About AstroNova

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

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