Polar Asset Management Partners Inc. Purchases New Shares in AstroNova, Inc. $ALOT

Polar Asset Management Partners Inc. purchased a new stake in AstroNova, Inc. (NASDAQ:ALOT) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,897 shares of the business services provider’s stock, valued at approximately $908,000. Polar Asset Management Partners Inc. owned approximately 0.41% of AstroNova as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Longfellow Investment Management Co. LLC acquired a new stake in shares of AstroNova in the 2nd quarter valued at $78,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of AstroNova in the second quarter valued at about $257,000. Jane Street Group LLC acquired a new position in shares of AstroNova in the 2nd quarter worth approximately $140,000. CM Wealth Advisors LLC acquired a new stake in AstroNova during the 2nd quarter worth about $383,000. Finally, Susquehanna International Group LLP acquired a new stake in AstroNova during the third quarter worth approximately $143,000. 43.02% of the stock is owned by institutional investors and hedge funds.

AstroNova Stock Performance

Shares of AstroNova stock opened at $28.99 on Thursday. AstroNova, Inc. has a 52 week low of $6.96 and a 52 week high of $29.00. The company has a quick ratio of 0.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $28.71 and a 200-day moving average price of $17.90. The company has a market cap of $227.28 million, a PE ratio of -161.05 and a beta of 0.85.

AstroNova (NASDAQ:ALOT) last announced its quarterly earnings results on Monday, June 8th. The business services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.14. AstroNova had a positive return on equity of 2.94% and a negative net margin of 0.88%.The business had revenue of $39.36 million during the quarter, compared to the consensus estimate of $30.67 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ALOT shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of AstroNova in a report on Friday, July 17th. Wall Street Zen raised AstroNova from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, AstroNova has an average rating of “Sell”.

AstroNova Profile

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.