Acuitas Investments LLC Sells 15,841 Shares of AstroNova, Inc. (NASDAQ:ALOT)

Acuitas Investments LLC decreased its stake in AstroNova, Inc. (NASDAQ:ALOT) by 17.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,954 shares of the business services provider’s stock after selling 15,841 shares during the quarter. Acuitas Investments LLC’s holdings in AstroNova were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission.

AstroNova Stock Down 0.5 %

Shares of NASDAQ:ALOT traded down $0.08 during mid-day trading on Friday, reaching $17.35. 856 shares of the stock were exchanged, compared to its average volume of 11,965. The company has a quick ratio of 1.02, a current ratio of 2.58 and a debt-to-equity ratio of 0.11. The company has a market cap of $134.29 million, a P/E ratio of 28.11 and a beta of 0.62. AstroNova, Inc. has a one year low of $11.79 and a one year high of $18.83. The stock’s 50 day simple moving average is $17.42 and its 200-day simple moving average is $16.01.

AstroNova (NASDAQ:ALOT) last posted its quarterly earnings results on Friday, March 22nd. The business services provider reported $0.33 earnings per share for the quarter. The firm had revenue of $39.59 million during the quarter. AstroNova had a return on equity of 8.28% and a net margin of 3.17%.

Insider Buying and Selling at AstroNova

In other news, VP Stephen M. Petrarca sold 5,000 shares of AstroNova stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $17.79, for a total transaction of $88,950.00. Following the completion of the transaction, the vice president now directly owns 27,784 shares in the company, valued at approximately $494,277.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on AstroNova in a research report on Monday, January 15th. They set a “strong-buy” rating on the stock.

AstroNova Company Profile

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates in two segments, Product Identification (PI) and Test & Measurement (T&M).