Mesirow Financial Investment Management Inc. Purchases New Position in Allient Inc. (NASDAQ:ALNT)

Mesirow Financial Investment Management Inc. purchased a new stake in shares of Allient Inc. (NASDAQ:ALNT) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 8,083 shares of the company’s stock, valued at approximately $288,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in Allient in the 1st quarter worth approximately $57,000. Fisher Asset Management LLC bought a new stake in Allient in the 4th quarter worth $1,003,000. Confluence Investment Management LLC bought a new stake in Allient in the 1st quarter worth $3,346,000. Finally, Wasatch Advisors LP bought a new stake in Allient in the 1st quarter worth $20,914,000. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on ALNT shares. Roth Mkm dropped their target price on shares of Allient from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Northland Securities reaffirmed a “market perform” rating and issued a $40.00 target price (down from $45.00) on shares of Allient in a research report on Thursday, March 7th.

Allient Trading Down 0.2 %

Shares of NASDAQ:ALNT traded down $0.04 on Wednesday, hitting $24.67. The company had a trading volume of 46,196 shares, compared to its average volume of 77,858. Allient Inc. has a 1 year low of $23.99 and a 1 year high of $40.18. The firm has a market capitalization of $413.86 million, a price-to-earnings ratio of 16.49 and a beta of 1.56. The firm’s 50-day simple moving average is $27.38 and its two-hundred day simple moving average is $29.26. The company has a quick ratio of 1.85, a current ratio of 3.56 and a debt-to-equity ratio of 0.90.

Allient (NASDAQ:ALNT) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. Allient had a net margin of 4.26% and a return on equity of 15.26%. The company had revenue of $146.71 million during the quarter, compared to analysts’ expectations of $145.84 million. Equities analysts anticipate that Allient Inc. will post 1.85 earnings per share for the current fiscal year.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.49%. Allient’s dividend payout ratio (DPR) is currently 7.95%.

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.