Allient Inc. (NASDAQ:ALNT) Short Interest Update

Allient Inc. (NASDAQ:ALNT) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 180,000 shares, a drop of 12.6% from the December 15th total of 206,000 shares. Based on an average daily volume of 144,500 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Allient

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of Allient by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 89,004 shares of the company’s stock worth $1,690,000 after acquiring an additional 37,151 shares during the period. Franklin Resources Inc. raised its holdings in Allient by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 28,034 shares of the company’s stock worth $516,000 after purchasing an additional 11,986 shares during the last quarter. Barclays PLC lifted its position in shares of Allient by 61.2% in the 3rd quarter. Barclays PLC now owns 45,362 shares of the company’s stock worth $862,000 after purchasing an additional 17,216 shares during the period. Geode Capital Management LLC boosted its stake in shares of Allient by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 344,166 shares of the company’s stock valued at $6,537,000 after purchasing an additional 5,975 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Allient during the third quarter worth $249,000. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Stock Performance

Allient stock opened at $25.60 on Friday. The business has a 50 day moving average of $24.95 and a 200-day moving average of $22.73. The company has a market capitalization of $431.10 million, a P/E ratio of 29.09 and a beta of 1.61. Allient has a 1 year low of $16.91 and a 1 year high of $36.33. 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 announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.10. The firm had revenue of $125.21 million during the quarter, compared to analysts’ expectations of $124.28 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. During the same period in the prior year, the company posted $0.61 EPS. On average, equities research analysts predict that Allient will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.47%. The ex-dividend date was Thursday, November 21st. Allient’s payout ratio is presently 13.64%.

About Allient

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.