Allient Inc. (NASDAQ:ALNT) Short Interest Up 29.4% in February

Allient Inc. (NASDAQ:ALNT) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 246,800 shares, an increase of 29.4% from the February 13th total of 190,700 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily trading volume, of 93,900 shares, the short-interest ratio is currently 2.6 days.

Allient Trading Down 0.2 %

ALNT opened at $23.61 on Tuesday. Allient has a twelve month low of $16.91 and a twelve month high of $36.33. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average of $25.12 and a 200-day moving average of $22.93. The stock has a market cap of $397.71 million, a PE ratio of 26.83 and a beta of 1.59.

Allient (NASDAQ:ALNT) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $122.01 million during the quarter, compared to analysts’ expectations of $119.72 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. On average, sell-side analysts predict that Allient will post 1.43 EPS for the current year.

Allient Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Thursday, March 20th. Allient’s payout ratio is currently 15.00%.

Wall Street Analysts Forecast Growth

ALNT has been the topic of a number of analyst reports. Northland Capmk upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Northland Securities raised shares of Allient from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $30.00 to $35.00 in a research note on Tuesday, February 11th.

Institutional Trading of Allient

Several hedge funds have recently added to or reduced their stakes in ALNT. FMR LLC raised its position in Allient by 843.2% in the third quarter. FMR LLC now owns 1,153,537 shares of the company’s stock worth $21,906,000 after acquiring an additional 1,031,243 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Allient by 23,963.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company’s stock valued at $9,948,000 after acquiring an additional 404,505 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Allient during the fourth quarter valued at approximately $7,268,000. Juniper Investment Company LLC grew its stake in Allient by 14.6% during the fourth quarter. Juniper Investment Company LLC now owns 869,149 shares of the company’s stock valued at $21,103,000 after acquiring an additional 110,497 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in Allient in the 4th quarter worth approximately $2,443,000. Institutional investors own 61.57% of the company’s stock.

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.