Tulsa Wealth Advisors INC Makes New $659,000 Investment in Allient Inc. $ALNT

Tulsa Wealth Advisors INC purchased a new stake in shares of Allient Inc. (NASDAQ:ALNT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,262 shares of the company’s stock, valued at approximately $659,000. Tulsa Wealth Advisors INC owned about 0.07% of Allient as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ALNT. Portolan Capital Management LLC bought a new stake in shares of Allient during the 3rd quarter worth $11,530,000. Jennison Associates LLC bought a new position in Allient in the 4th quarter worth $8,982,000. Telemark Asset Management LLC bought a new position in Allient in the 4th quarter worth $8,062,000. Hillsdale Investment Management Inc. bought a new position in Allient in the 3rd quarter worth $6,656,000. Finally, Marshall Wace LLP lifted its position in Allient by 1,291.3% during the 3rd quarter. Marshall Wace LLP now owns 153,819 shares of the company’s stock worth $6,883,000 after acquiring an additional 142,763 shares during the last quarter. Institutional investors own 61.57% of the company’s stock.

Analyst Upgrades and Downgrades

ALNT has been the subject of a number of recent analyst reports. Roth Mkm restated a “buy” rating and set a $70.00 price target on shares of Allient in a report on Friday, May 8th. Wall Street Zen upgraded Allient from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Craig Hallum reissued a “buy” rating and set a $75.00 price objective on shares of Allient in a research report on Monday, March 9th. Macquarie Infrastructure set a $80.00 target price on Allient in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. raised Allient from a “neutral” rating to an “overweight” rating and raised their target price for the company from $65.00 to $80.00 in a report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.33.

Allient Stock Performance

Shares of ALNT opened at $95.85 on Friday. Allient Inc. has a 12-month low of $33.14 and a 12-month high of $100.01. The company has a quick ratio of 2.15, a current ratio of 3.73 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 67.03 and a beta of 1.63. The stock’s 50-day moving average price is $75.78 and its 200 day moving average price is $66.04.

Allient (NASDAQ:ALNT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). Allient had a return on equity of 12.47% and a net margin of 4.25%.The firm had revenue of $138.91 million during the quarter, compared to the consensus estimate of $138.42 million. As a group, research analysts predict that Allient Inc. will post 2.47 earnings per share for the current year.

Allient Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.2%. This is a boost from Allient’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, May 21st. Allient’s dividend payout ratio (DPR) is currently 11.19%.

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.