Boston Partners Boosts Stake in AstroNova Inc (NASDAQ:ALOT)

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Boston Partners boosted its stake in shares of AstroNova Inc (NASDAQ:ALOT) by 20.2% in the third quarter, Holdings Channel reports. The institutional investor owned 47,224 shares of the business services provider’s stock after acquiring an additional 7,924 shares during the period. Boston Partners’ holdings in AstroNova were worth $764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cavalier Investments LLC purchased a new position in shares of AstroNova in the 2nd quarter valued at $41,000. Meeder Asset Management Inc. bought a new position in shares of AstroNova in the 3rd quarter worth $82,000. Acadian Asset Management LLC lifted its stake in shares of AstroNova by 337.0% during the 2nd quarter. Acadian Asset Management LLC now owns 6,289 shares of the business services provider’s stock worth $162,000 after purchasing an additional 4,850 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of AstroNova by 7.3% during the 2nd quarter. Wells Fargo & Company MN now owns 6,992 shares of the business services provider’s stock worth $180,000 after purchasing an additional 474 shares during the last quarter. Finally, Hancock Whitney Corp purchased a new stake in shares of AstroNova during the 2nd quarter worth $228,000. 61.96% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Richard S. Warzala purchased 2,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were acquired at an average cost of $16.53 per share, with a total value of $33,060.00. Following the completion of the acquisition, the director now owns 9,496 shares of the company’s stock, valued at $156,968.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 7.80% of the stock is currently owned by insiders.

NASDAQ:ALOT opened at $14.61 on Wednesday. The stock has a market capitalization of $108.92 million, a price-to-earnings ratio of 17.82, a PEG ratio of 1.72 and a beta of 0.33. AstroNova Inc has a 52 week low of $14.50 and a 52 week high of $27.96. The company has a quick ratio of 1.05, a current ratio of 2.42 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $15.87 and a 200 day moving average of $20.44.

Several equities analysts have issued reports on ALOT shares. TheStreet lowered AstroNova from a “b-” rating to a “c+” rating in a research note on Tuesday, October 29th. ValuEngine raised shares of AstroNova from a “hold” rating to a “buy” rating in a research report on Wednesday, August 28th. Finally, Zacks Investment Research raised shares of AstroNova from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 29th.

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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Want to see what other hedge funds are holding ALOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AstroNova Inc (NASDAQ:ALOT).

Institutional Ownership by Quarter for AstroNova (NASDAQ:ALOT)

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