Short Interest in Allient Inc. (NASDAQ:ALNT) Expands By 29.4%

Allient Inc. (NASDAQ:ALNT) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 246,800 shares, an increase of 29.4% from the February 13th total of 190,700 shares. Based on an average daily volume of 93,900 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.8% of the shares of the company are short sold.

Allient Stock Up 0.2 %

Shares of Allient stock opened at $23.66 on Wednesday. The company has a market cap of $398.55 million, a P/E ratio of 26.89 and a beta of 1.59. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. Allient has a one year low of $16.91 and a one year high of $36.33. The firm has a fifty day moving average of $25.08 and a two-hundred day moving average of $22.94.

Allient (NASDAQ:ALNT) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The company had revenue of $122.01 million during the quarter, compared to the consensus estimate of $119.72 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. On average, analysts forecast that Allient will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.51%. Allient’s dividend payout ratio (DPR) is presently 15.00%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Northland Capmk upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Northland Securities upgraded shares of Allient from a “market perform” rating to an “outperform” rating and upped their price target for the company from $30.00 to $35.00 in a research report on Tuesday, February 11th.

Hedge Funds Weigh In On Allient

A number of institutional investors and hedge funds have recently made changes to their positions in ALNT. FMR LLC grew its stake in shares of Allient by 843.2% during the 3rd quarter. FMR LLC now owns 1,153,537 shares of the company’s stock worth $21,906,000 after purchasing an additional 1,031,243 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Allient by 23,963.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company’s stock worth $9,948,000 after purchasing an additional 404,505 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Allient during the 4th quarter worth $7,268,000. Juniper Investment Company LLC grew its stake in shares of Allient by 14.6% during the 4th quarter. Juniper Investment Company LLC now owns 869,149 shares of the company’s stock worth $21,103,000 after purchasing an additional 110,497 shares during the period. Finally, Zacks Investment Management acquired a new position in shares of Allient during the 4th quarter worth $2,443,000. 61.57% of the stock is owned by institutional investors and hedge funds.

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.