North Star Investment Management Corp. Sells 18,499 Shares of Allient Inc. $ALNT

North Star Investment Management Corp. reduced its position in Allient Inc. (NASDAQ:ALNT) by 22.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,969 shares of the company’s stock after selling 18,499 shares during the quarter. North Star Investment Management Corp. owned approximately 0.38% of Allient worth $2,323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in Allient in the fourth quarter worth $41,000. CWM LLC lifted its holdings in shares of Allient by 105.2% during the first quarter. CWM LLC now owns 1,890 shares of the company’s stock valued at $42,000 after acquiring an additional 969 shares during the period. GAMMA Investing LLC bought a new position in shares of Allient during the first quarter valued at $60,000. Ballentine Partners LLC bought a new position in shares of Allient during the second quarter valued at $226,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Allient by 4.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,346 shares of the company’s stock valued at $203,000 after acquiring an additional 380 shares during the period. 61.57% of the stock is owned by institutional investors.

Allient Stock Down 2.5%

Shares of NASDAQ ALNT opened at $44.47 on Thursday. The stock has a market cap of $753.77 million, a PE ratio of 51.71 and a beta of 1.51. The business has a fifty day moving average of $43.62 and a two-hundred day moving average of $33.58. Allient Inc. has a 52-week low of $16.91 and a 52-week high of $48.22. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.17 and a current ratio of 3.74.

Allient (NASDAQ:ALNT) last announced its earnings results on Wednesday, August 6th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. Allient had a return on equity of 9.97% and a net margin of 2.75%.The company had revenue of $139.58 million during the quarter, compared to analyst estimates of $132.89 million. As a group, equities research analysts expect that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, August 21st. Allient’s payout ratio is presently 13.95%.

Allient Company 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.