Point72 DIFC Ltd Purchases New Position in Allient Inc. (NASDAQ:ALNT)

Point72 DIFC Ltd acquired a new position in shares of Allient Inc. (NASDAQ:ALNT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,758 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds also recently modified their holdings of the company. CWM LLC boosted its holdings in shares of Allient by 798.2% in the 2nd quarter. CWM LLC now owns 1,006 shares of the company’s stock worth $25,000 after acquiring an additional 894 shares in the last quarter. Isthmus Partners LLC boosted its stake in Allient by 0.7% in the second quarter. Isthmus Partners LLC now owns 98,165 shares of the company’s stock worth $25,000 after purchasing an additional 653 shares in the last quarter. Copeland Capital Management LLC bought a new stake in shares of Allient during the third quarter worth $50,000. Pathway Financial Advisers LLC increased its stake in shares of Allient by 1,798.7% in the third quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company’s stock valued at $56,000 after buying an additional 2,770 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Allient by 143.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,856 shares of the company’s stock valued at $97,000 after buying an additional 2,271 shares during the last quarter. Institutional investors and hedge funds own 61.57% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm decreased their price objective on shares of Allient from $39.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th.

Allient Stock Up 4.8 %

Shares of ALNT opened at $27.55 on Tuesday. The firm has a market capitalization of $463.94 million, a price-to-earnings ratio of 31.31 and a beta of 1.61. Allient Inc. has a 52 week low of $16.91 and a 52 week high of $36.33. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. The business’s fifty day moving average price is $21.32 and its two-hundred day moving average price is $22.89.

Allient (NASDAQ:ALNT) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. Allient had a return on equity of 10.80% and a net margin of 2.64%. The firm had revenue of $125.21 million during the quarter, compared to analyst estimates of $124.28 million. During the same period last year, the company earned $0.61 earnings per share. On average, analysts predict that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.03 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.12 dividend on an annualized basis and a yield of 0.44%. Allient’s payout ratio is presently 13.64%.

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.