Allied Motion Technologies, Inc. (AMOT) Director Richard D. /Co/ Smith Sells 3,900 Shares

Allied Motion Technologies, Inc. (NASDAQ:AMOT) Director Richard D. /Co/ Smith sold 3,900 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $24.93, for a total transaction of $97,227.00. Following the completion of the transaction, the director now owns 47,429 shares in the company, valued at approximately $1,182,404.97. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Allied Motion Technologies, Inc. (NASDAQ:AMOT) traded down 1.29% on Friday, reaching $26.79. 40,465 shares of the company’s stock traded hands. The firm’s 50-day moving average is $25.66 and its 200 day moving average is $23.01. Allied Motion Technologies, Inc. has a 52-week low of $15.54 and a 52-week high of $28.46. The stock has a market capitalization of $253.73 million, a PE ratio of 25.73 and a beta of 1.84.

Insider Buying and Selling by Quarter for Allied Motion Technologies (NASDAQ:AMOT)

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Thursday, May 18th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Tuesday, May 16th. Allied Motion Technologies’s payout ratio is 10.53%.

WARNING: This news story was first posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at https://transcriptdaily.com/2017/06/17/allied-motion-technologies-inc-amot-director-richard-d-co-smith-sells-3900-shares-of-stock-updated-updated.html.

Separately, Zacks Investment Research upgraded shares of Allied Motion Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th.

Several institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Allied Motion Technologies during the fourth quarter valued at about $3,250,000. State Street Corp raised its position in shares of Allied Motion Technologies by 1.6% in the fourth quarter. State Street Corp now owns 97,219 shares of the technology company’s stock valued at $2,081,000 after buying an additional 1,561 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Allied Motion Technologies by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 363,574 shares of the technology company’s stock worth $7,777,000 after buying an additional 11,676 shares in the last quarter. ARK Investment Management LLC bought a new position in Allied Motion Technologies during the fourth quarter worth about $135,000. Finally, Renaissance Technologies LLC raised its position in Allied Motion Technologies by 15.3% in the fourth quarter. Renaissance Technologies LLC now owns 68,600 shares of the technology company’s stock worth $1,467,000 after buying an additional 9,100 shares in the last quarter. 39.49% of the stock is currently owned by institutional investors.

About Allied Motion Technologies

Allied Motion Technologies Inc designs, manufactures and sells precision and specialty motion control components and systems used in a range of industries. The Company serves various markets, including vehicle, medical, aerospace and defense, electronics and industrial. It focuses on motion control applications.

Receive News & Ratings for Allied Motion Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Motion Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply