North Star Investment Management Corp. Buys 25,098 Shares of Allied Motion Technologies Inc. (NASDAQ:AMOT)

North Star Investment Management Corp. increased its stake in Allied Motion Technologies Inc. (NASDAQ:AMOT – Get Rating) by 58.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,810 shares of the technology company’s stock after buying an additional 25,098 shares during the period. North Star Investment Management Corp. owned 0.43% of Allied Motion Technologies worth $2,360,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AMOT. Acadian Asset Management LLC increased its stake in shares of Allied Motion Technologies by 22.2% during the first quarter. Acadian Asset Management LLC now owns 16,138 shares of the technology company’s stock valued at $480,000 after purchasing an additional 2,929 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Allied Motion Technologies by 67.9% during the first quarter. MetLife Investment Management LLC now owns 6,936 shares of the technology company’s stock valued at $207,000 after purchasing an additional 2,806 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Allied Motion Technologies during the first quarter valued at approximately $219,000. Vanguard Group Inc. increased its stake in shares of Allied Motion Technologies by 0.6% during the first quarter. Vanguard Group Inc. now owns 594,989 shares of the technology company’s stock valued at $17,754,000 after purchasing an additional 3,617 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of Allied Motion Technologies during the first quarter valued at approximately $305,000. 58.45% of the stock is owned by institutional investors.

Allied Motion Technologies Price Performance

Shares of AMOT opened at $36.57 on Friday. The company has a market capitalization of $587.68 million, a P/E ratio of 33.55 and a beta of 1.48. The company has a quick ratio of 1.36, a current ratio of 2.69 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average of $40.33 and a 200 day moving average of $35.24. Allied Motion Technologies Inc. has a twelve month low of $21.14 and a twelve month high of $44.88.

Allied Motion Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Wednesday, March 22nd will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Tuesday, March 21st. Allied Motion Technologies’s dividend payout ratio is currently 9.17%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Northland Securities downgraded shares of Allied Motion Technologies from an “outperform” rating to a “market perform” rating and set a $45.00 target price for the company. in a research note on Monday, March 6th. Craig Hallum raised their price target on shares of Allied Motion Technologies from $43.00 to $52.00 in a research report on Thursday, March 9th. Finally, StockNews.com started coverage on shares of Allied Motion Technologies in a research report on Thursday. They set a “buy” rating for the company.

Allied Motion Technologies Profile

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Allied Motion Technologies, Inc engages in the manufacturing and marketing of controlled motion products and solutions for original equipment manufacturers and end user applications. Its target markets include industrial, vehicle, medical, and aerospace and defense. The company was founded in 1962 and is headquartered in Amherst, NY.