Pathway Financial Advisers LLC Acquires 2,770 Shares of Allient Inc. (NASDAQ:ALNT)

by · The Markets Daily

Pathway Financial Advisers LLC increased its holdings in shares of Allient Inc. (NASDAQ:ALNT – Free Report) by 1,798.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,924 shares of the company’s stock after acquiring an additional 2,770 shares during the period. Pathway Financial Advisers LLC’s holdings in Allient were worth $56,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ALNT. Assenagon Asset Management S.A. boosted its position in shares of Allient by 56.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 119,754 shares of the company’s stock worth $2,274,000 after purchasing an additional 43,167 shares in the last quarter. Copeland Capital Management LLC bought a new stake in Allient in the third quarter worth $50,000. Creative Planning purchased a new stake in shares of Allient in the third quarter worth $199,000. SG Americas Securities LLC grew its stake in shares of Allient by 136.2% in the third quarter. SG Americas Securities LLC now owns 11,638 shares of the company’s stock worth $221,000 after acquiring an additional 6,711 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Allient by 115.2% during the second quarter. Cubist Systematic Strategies LLC now owns 28,895 shares of the company’s stock valued at $730,000 after acquiring an additional 15,469 shares in the last quarter. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Allient Price Performance

NASDAQ ALNT opened at $17.91 on Friday. Allient Inc. has a one year low of $16.91 and a one year high of $36.33. The stock has a 50-day moving average of $19.43 and a 200 day moving average of $24.36. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.00 and a current ratio of 3.90. The company has a market capitalization of $301.60 million, a price-to-earnings ratio of 15.44 and a beta of 1.50.

Allient (NASDAQ:ALNT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The company had revenue of $136.03 million during the quarter, compared to the consensus estimate of $137.55 million. Allient had a return on equity of 13.04% and a net margin of 3.35%. During the same quarter in the prior year, the firm earned $0.58 earnings per share. On average, sell-side analysts forecast that Allient Inc. will post 1.29 EPS for the current year.

Allient Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.12 annualized dividend and a dividend yield of 0.67%. Allient’s payout ratio is 10.34%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ALNT shares. Roth Mkm dropped their price target on shares of Allient from $39.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Craig Hallum cut their price target on shares of Allient from $41.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Northland Securities decreased their price objective on shares of Allient from $35.00 to $30.00 and set a “market perform” rating for the company in a report on Friday, August 9th.

View Our Latest Analysis on Allient

Allient Profile

(Free Report)

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.

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