Parcion Private Wealth LLC Cuts Position in Allient Inc. (NASDAQ:ALNT)

Parcion Private Wealth LLC decreased its holdings in Allient Inc. (NASDAQ:ALNT) by 61.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 35,398 shares of the company’s stock after selling 57,354 shares during the period. Parcion Private Wealth LLC owned approximately 0.21% of Allient worth $859,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ALNT. New York State Teachers Retirement System purchased a new position in Allient in the fourth quarter valued at approximately $32,000. Point72 DIFC Ltd purchased a new stake in shares of Allient during the third quarter valued at approximately $33,000. Copeland Capital Management LLC purchased a new stake in shares of Allient during the third quarter valued at approximately $50,000. Pathway Financial Advisers LLC raised its stake in shares of Allient by 1,798.7% during the third quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company’s stock valued at $56,000 after purchasing an additional 2,770 shares during the period. Finally, Creative Planning purchased a new stake in shares of Allient during the third quarter valued at approximately $199,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Allient Stock Down 1.0 %

Shares of NASDAQ:ALNT opened at $26.77 on Thursday. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. The company has a fifty day simple moving average of $25.16 and a 200 day simple moving average of $22.54. The firm has a market cap of $450.81 million, a PE ratio of 30.42 and a beta of 1.61. Allient Inc. has a 12-month low of $16.91 and a 12-month high of $36.33.

Wall Street Analysts Forecast Growth

ALNT has been the topic of a number of analyst reports. Northland Capmk upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Northland Securities upgraded shares of Allient from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $30.00 to $35.00 in a research note on Tuesday, February 11th.

Allient Profile

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.