AstroNova Inc (NASDAQ:ALOT) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 148,500 shares, a growth of 358.3% from the June 15th total of 32,400 shares. Based on an average daily trading volume, of 56,200 shares, the short-interest ratio is presently 2.6 days. Approximately 2.4% of the shares of the company are short sold.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in shares of AstroNova by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 566,023 shares of the business services provider’s stock valued at $10,613,000 after purchasing an additional 7,917 shares during the period. Punch & Associates Investment Management Inc. lifted its stake in shares of AstroNova by 7.5% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 414,720 shares of the business services provider’s stock valued at $8,456,000 after purchasing an additional 28,760 shares during the period. Roubaix Capital LLC purchased a new position in shares of AstroNova in the 1st quarter valued at approximately $2,242,000. Royce & Associates LP lifted its stake in shares of AstroNova by 1.4% in the 1st quarter. Royce & Associates LP now owns 93,400 shares of the business services provider’s stock valued at $1,904,000 after purchasing an additional 1,300 shares during the period. Finally, Quantum Capital Management lifted its stake in shares of AstroNova by 13.9% in the 1st quarter. Quantum Capital Management now owns 61,939 shares of the business services provider’s stock valued at $1,263,000 after purchasing an additional 7,579 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.
Shares of AstroNova stock traded up $0.25 during trading on Friday, hitting $23.86. 21,870 shares of the stock traded hands, compared to its average volume of 36,215. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 2.73. The company has a market capitalization of $167.21 million, a PE ratio of 29.10, a price-to-earnings-growth ratio of 2.24 and a beta of 0.25. The business has a fifty day simple moving average of $25.44. AstroNova has a 52 week low of $16.74 and a 52 week high of $27.96.
AstroNova (NASDAQ:ALOT) last posted its quarterly earnings results on Wednesday, June 5th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. AstroNova had a return on equity of 9.75% and a net margin of 4.68%. The business had revenue of $36.18 million for the quarter. As a group, sell-side analysts expect that AstroNova will post 0.9 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 19th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.17%. The ex-dividend date was Tuesday, June 18th. AstroNova’s dividend payout ratio (DPR) is currently 34.15%.
ALOT has been the topic of a number of recent research reports. ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Zacks Investment Research raised Grana y Montero SAA from a “sell” rating to a “hold” rating in a report on Monday, June 10th.
AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Canada, Asia, Europe, Central and South America, and internationally. The company operates through two segments, Product Identification and Test & Measurement (T&M).
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