Allient Inc. (NASDAQ:ALNT) Short Interest Update

Allient Inc. (NASDAQ:ALNT) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 177,500 shares, a decline of 5.9% from the August 31st total of 188,600 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 125,500 shares, the short-interest ratio is presently 1.4 days.

Allient Trading Down 4.9 %

Allient stock opened at $18.06 on Wednesday. The company has a current ratio of 3.90, a quick ratio of 2.00 and a debt-to-equity ratio of 0.89. The firm has a market cap of $302.97 million, a PE ratio of 11.96 and a beta of 1.51. The stock’s 50 day simple moving average is $21.93 and its two-hundred day simple moving average is $26.35. Allient has a 12 month low of $18.04 and a 12 month high of $36.33.

Allient (NASDAQ:ALNT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Allient had a return on equity of 13.04% and a net margin of 3.35%. The firm had revenue of $136.03 million during the quarter, compared to analyst estimates of $137.55 million. During the same quarter last year, the company posted $0.58 EPS. Analysts anticipate that Allient will post 1.29 earnings per share for the current year.

Allient Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.66%. The ex-dividend date was Thursday, August 22nd. Allient’s payout ratio is 7.95%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Allient

Several large investors have recently bought and sold shares of ALNT. Pullen Investment Management LLC raised its holdings in Allient by 3.2% in the 2nd quarter. Pullen Investment Management LLC now owns 13,555 shares of the company’s stock valued at $343,000 after acquiring an additional 415 shares during the last quarter. Isthmus Partners LLC grew its stake in Allient by 0.7% during the 2nd quarter. Isthmus Partners LLC now owns 98,165 shares of the company’s stock worth $25,000 after purchasing an additional 653 shares in the last quarter. Algert Global LLC increased its stake in shares of Allient by 5.2% during the second quarter. Algert Global LLC now owns 13,993 shares of the company’s stock worth $354,000 after buying an additional 689 shares during the period. CWM LLC increased its position in shares of Allient by 798.2% in the 2nd quarter. CWM LLC now owns 1,006 shares of the company’s stock valued at $25,000 after purchasing an additional 894 shares during the last quarter. Finally, Shell Asset Management Co. acquired a new stake in Allient in the first quarter valued at $35,000. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

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.