Lisanti Capital Growth LLC Makes New $2.22 Million Investment in Allient Inc. $ALNT

Lisanti Capital Growth LLC bought a new position in shares of Allient Inc. (NASDAQ:ALNT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 41,385 shares of the company’s stock, valued at approximately $2,224,000. Lisanti Capital Growth LLC owned 0.24% of Allient as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ALNT. Advisory Services Network LLC bought a new position in Allient in the third quarter worth approximately $34,000. Larson Financial Group LLC raised its position in Allient by 149.1% during the 4th quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock valued at $37,000 after purchasing an additional 413 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Allient during the 3rd quarter valued at $41,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Allient by 22.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,160 shares of the company’s stock worth $62,000 after buying an additional 209 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Allient by 162.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,190 shares of the company’s stock worth $80,000 after buying an additional 1,355 shares during the period. Institutional investors own 61.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ALNT. Weiss Ratings downgraded Allient from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wall Street Zen downgraded shares of Allient from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. Craig Hallum restated a “buy” rating and issued a $75.00 price target on shares of Allient in a report on Monday, March 9th. Roth Mkm reaffirmed a “buy” rating and issued a $70.00 price target on shares of Allient in a research report on Friday, May 8th. Finally, Lake Street Capital assumed coverage on shares of Allient in a research note on Wednesday, February 18th. They set a “buy” rating and a $79.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.25.

Allient Price Performance

ALNT opened at $63.37 on Friday. The business’s 50-day moving average is $66.35 and its two-hundred day moving average is $61.38. Allient Inc. has a 1 year low of $29.57 and a 1 year high of $80.39. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.73 and a quick ratio of 2.15. The firm has a market capitalization of $1.08 billion, a PE ratio of 44.31 and a beta of 1.65.

Allient (NASDAQ:ALNT) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.05). Allient had a net margin of 4.25% and a return on equity of 12.47%. The firm had revenue of $138.92 million for the quarter, compared to analysts’ expectations of $138.42 million. Research analysts anticipate that Allient Inc. will post 2.47 earnings per share for the current fiscal year.

Allient Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, May 21st. This is a positive change from Allient’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. Allient’s dividend payout ratio is currently 11.19%.

Allient 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.