Royce & Associates LP Has $2.60 Million Stock Holdings in AstroNova, Inc. $ALOT

Royce & Associates LP cut its stake in shares of AstroNova, Inc. (NASDAQ:ALOT) by 11.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 300,969 shares of the business services provider’s stock after selling 39,733 shares during the quarter. Royce & Associates LP’s holdings in AstroNova were worth $2,603,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in AstroNova during the second quarter valued at approximately $140,000. Susquehanna International Group LLP acquired a new position in AstroNova during the third quarter valued at approximately $143,000. Geode Capital Management LLC boosted its position in AstroNova by 1.4% during the second quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock valued at $859,000 after purchasing an additional 1,036 shares during the last quarter. Peapod Lane Capital LLC boosted its position in AstroNova by 6.1% during the third quarter. Peapod Lane Capital LLC now owns 130,361 shares of the business services provider’s stock valued at $1,335,000 after purchasing an additional 7,517 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in AstroNova by 10.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 140,739 shares of the business services provider’s stock valued at $1,441,000 after purchasing an additional 12,992 shares during the last quarter. 43.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised AstroNova to a “buy” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

AstroNova Stock Performance

ALOT opened at $15.62 on Friday. AstroNova, Inc. has a 12-month low of $6.96 and a 12-month high of $15.99. The stock has a market cap of $120.12 million, a price-to-earnings ratio of -50.39 and a beta of 0.95. The business has a 50 day moving average of $12.46 and a 200-day moving average of $10.02. The company has a quick ratio of 0.72, a current ratio of 1.84 and a debt-to-equity ratio of 0.24.

AstroNova (NASDAQ:ALOT) last released its quarterly earnings data on Tuesday, April 14th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). AstroNova had a negative net margin of 1.58% and a positive return on equity of 1.53%. The business had revenue of $37.54 million during the quarter, compared to analyst estimates of $29.19 million.

About AstroNova

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.