Pullen Investment Management LLC Acquires 654 Shares of Allient Inc. $ALNT

Pullen Investment Management LLC increased its holdings in Allient Inc. (NASDAQ:ALNT) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,615 shares of the company’s stock after acquiring an additional 654 shares during the quarter. Pullen Investment Management LLC’s holdings in Allient were worth $1,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of ALNT. Nuveen LLC bought a new position in shares of Allient in the 1st quarter worth about $47,025,000. AIGH Capital Management LLC bought a new position in shares of Allient in the 2nd quarter worth about $7,262,000. Seizert Capital Partners LLC bought a new position in shares of Allient in the 1st quarter worth about $3,312,000. Pinnacle Associates Ltd. increased its stake in shares of Allient by 37.6% in the 1st quarter. Pinnacle Associates Ltd. now owns 327,132 shares of the company’s stock worth $7,190,000 after acquiring an additional 89,463 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Allient by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 908,965 shares of the company’s stock worth $19,979,000 after acquiring an additional 65,061 shares in the last quarter. 61.57% of the stock is currently owned by institutional investors.

Allient Stock Down 1.6%

NASDAQ:ALNT opened at $54.91 on Friday. The firm has a 50-day simple moving average of $46.58 and a two-hundred day simple moving average of $37.49. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.17 and a current ratio of 3.74. The firm has a market cap of $930.72 million, a P/E ratio of 63.85 and a beta of 1.51. Allient Inc. has a fifty-two week low of $17.16 and a fifty-two week high of $57.00.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The firm had revenue of $139.58 million for the quarter, compared to the consensus estimate of $132.89 million. Allient had a net margin of 2.75% and a return on equity of 9.97%. Analysts predict that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 21st. Allient’s dividend payout ratio (DPR) is presently 13.95%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ALNT. Weiss Ratings restated a “hold (c)” rating on shares of Allient in a research note on Friday. JPMorgan Chase & Co. began coverage on shares of Allient in a research note on Monday, October 20th. They set a “neutral” rating and a $60.00 price objective for the company. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $47.50.

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.