Marquette Asset Management LLC Takes $542,000 Position in AstroNova, Inc. $ALOT

Marquette Asset Management LLC acquired a new position in AstroNova, Inc. (NASDAQ:ALOT) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 19,022 shares of the business services provider’s stock, valued at approximately $542,000.

Other institutional investors also recently bought and sold shares of the company. DRW Securities LLC bought a new stake in AstroNova during the 4th quarter valued at $125,000. Jane Street Group LLC bought a new position in shares of AstroNova during the 2nd quarter worth $140,000. Susquehanna International Group LLP bought a new position in shares of AstroNova during the 3rd quarter worth $143,000. Geode Capital Management LLC increased its stake in shares of AstroNova by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 80,663 shares of the business services provider’s stock valued at $698,000 after buying an additional 2,179 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of AstroNova by 1.2% in the fourth quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider’s stock valued at $897,000 after acquiring an additional 1,207 shares in the last quarter. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

AstroNova Price Performance

NASDAQ ALOT opened at $28.88 on Tuesday. The firm’s fifty day simple moving average is $25.83 and its two-hundred day simple moving average is $16.24. The firm has a market capitalization of $226.42 million, a P/E ratio of -160.44 and a beta of 0.85. The company has a current ratio of 1.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.21. AstroNova, Inc. has a 12-month low of $6.96 and a 12-month high of $28.99.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on ALOT. Wall Street Zen upgraded shares of AstroNova from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of AstroNova in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus 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.