Allient Inc. (NASDAQ:ALNT) Short Interest Update

Allient Inc. (NASDAQ:ALNT) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 180,000 shares, a decline of 12.6% from the December 15th total of 206,000 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 144,500 shares, the days-to-cover ratio is presently 1.2 days.

Allient Price Performance

Allient stock opened at $25.60 on Friday. The stock has a market capitalization of $431.10 million, a price-to-earnings ratio of 29.09 and a beta of 1.61. Allient has a 52-week low of $16.91 and a 52-week high of $36.33. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. The stock’s 50 day moving average price is $24.95 and its two-hundred day moving average price is $22.73.

Allient (NASDAQ:ALNT) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. Allient had a net margin of 2.64% and a return on equity of 10.80%. The business had revenue of $125.21 million during the quarter, compared to analysts’ expectations of $124.28 million. During the same period last year, the company posted $0.61 earnings per share. On average, equities analysts predict that Allient will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Thursday, November 21st. Allient’s dividend payout ratio (DPR) is currently 13.64%.

Institutional Investors Weigh In On Allient

Hedge funds have recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new position in shares of Allient during the third quarter worth approximately $33,000. Copeland Capital Management LLC bought a new stake in Allient during the 3rd quarter valued at $50,000. Pathway Financial Advisers LLC raised its holdings in Allient by 1,798.7% during the third quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company’s stock worth $56,000 after buying an additional 2,770 shares during the last quarter. Creative Planning bought a new position in shares of Allient in the third quarter valued at $199,000. Finally, Meixler Investment Management Ltd. grew its holdings in shares of Allient by 11.6% during the third quarter. Meixler Investment Management Ltd. now owns 11,287 shares of the company’s stock valued at $214,000 after buying an additional 1,172 shares during the last quarter. Institutional investors and hedge funds own 61.57% of the company’s stock.

About Allient

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.