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.
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%.
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.