Hurley Capital LLC Takes $38,000 Position in Allient Inc. (NASDAQ:ALNT)

Hurley Capital LLC bought a new stake in Allient Inc. (NASDAQ:ALNT) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,491 shares of the company’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in Allient by 23,963.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company’s stock valued at $9,948,000 after acquiring an additional 404,505 shares during the period. Barclays PLC grew its position in Allient by 61.2% in the 3rd quarter. Barclays PLC now owns 45,362 shares of the company’s stock valued at $862,000 after purchasing an additional 17,216 shares during the period. Franklin Resources Inc. increased its stake in Allient by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 28,034 shares of the company’s stock valued at $516,000 after purchasing an additional 11,986 shares in the last quarter. Geode Capital Management LLC raised its holdings in Allient by 1.8% during the third quarter. Geode Capital Management LLC now owns 344,166 shares of the company’s stock worth $6,537,000 after buying an additional 5,975 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Allient by 843.2% in the third quarter. FMR LLC now owns 1,153,537 shares of the company’s stock valued at $21,906,000 after buying an additional 1,031,243 shares in the last quarter. 61.57% of the stock is owned by institutional investors.

Allient Stock Down 0.3 %

ALNT opened at $20.36 on Friday. Allient Inc. has a fifty-two week low of $16.91 and a fifty-two week high of $33.09. The firm has a market capitalization of $345.06 million, a P/E ratio of 23.14 and a beta of 1.43. The company’s 50-day moving average is $24.39 and its 200 day moving average is $23.17. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18.

Allient (NASDAQ:ALNT) last posted its earnings results on Wednesday, March 5th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The firm had revenue of $122.01 million for the quarter, compared to analysts’ expectations of $119.72 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. Research analysts expect that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Thursday, March 20th. Allient’s dividend payout ratio is presently 15.00%.

Analyst Upgrades and Downgrades

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

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.