Aviso Financial Inc. Makes New $821,000 Investment in Allient Inc. (NASDAQ:ALNT)

Aviso Financial Inc. bought a new position in Allient Inc. (NASDAQ:ALNT) during the fourth quarter, HoldingsChannel.com reports. The fund bought 33,800 shares of the company’s stock, valued at approximately $821,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ALNT. Empowered Funds LLC purchased a new stake in shares of Allient during the third quarter valued at approximately $770,000. Fisher Asset Management LLC boosted its stake in Allient by 10.8% during the 3rd quarter. Fisher Asset Management LLC now owns 44,248 shares of the company’s stock valued at $840,000 after purchasing an additional 4,311 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Allient in the 3rd quarter worth $386,000. FMR LLC raised 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 worth $21,906,000 after purchasing an additional 1,031,243 shares during the last quarter. Finally, Martingale Asset Management L P lifted its holdings in shares of Allient by 116.1% during the third quarter. Martingale Asset Management L P now owns 23,847 shares of the company’s stock valued at $453,000 after purchasing an additional 12,813 shares in the last quarter. 61.57% of the stock is currently owned by institutional investors.

Allient Stock Performance

Shares of ALNT opened at $23.65 on Friday. The firm has a market capitalization of $398.38 million, a P/E ratio of 26.88 and a beta of 1.59. 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 Inc. has a one year low of $16.91 and a one year high of $36.33. The business has a fifty day moving average of $25.15 and a 200 day moving average of $22.88.

Allient (NASDAQ:ALNT) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Allient had a return on equity of 10.80% and a net margin of 2.64%. The business had revenue of $122.01 million during the quarter, compared to the consensus estimate of $119.72 million. As a group, sell-side analysts anticipate that Allient Inc. will post 1.43 EPS for the current year.

Allient Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.12 dividend on an annualized basis and a yield of 0.51%. Allient’s dividend payout ratio is currently 15.00%.

Analyst Ratings Changes

Several research firms recently commented on ALNT. Northland Capmk upgraded Allient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Northland Securities raised shares of Allient from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $30.00 to $35.00 in a report 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.