Royce & Associates LP Cuts Stake in AstroNova, Inc. (NASDAQ:ALOT)

Royce & Associates LP cut its holdings in AstroNova, Inc. (NASDAQ:ALOT) by 0.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 434,198 shares of the business services provider’s stock after selling 3,500 shares during the quarter. Royce & Associates LP owned about 5.77% of AstroNova worth $5,844,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Diamond Hill Capital Management Inc. lifted its stake in shares of AstroNova by 23.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock worth $915,000 after buying an additional 13,000 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in AstroNova in the 1st quarter worth $206,000. Finally, Vanguard Group Inc. lifted its position in AstroNova by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 349,546 shares of the business services provider’s stock worth $6,229,000 after acquiring an additional 2,700 shares during the period. 43.02% of the stock is owned by hedge funds and other institutional investors.

AstroNova Stock Performance

Shares of NASDAQ ALOT opened at $14.10 on Monday. The company has a 50 day simple moving average of $13.85 and a two-hundred day simple moving average of $15.03. The stock has a market cap of $106.03 million, a price-to-earnings ratio of 16.79 and a beta of 0.55. The company has a current ratio of 1.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.25. AstroNova, Inc. has a 12 month low of $11.82 and a 12 month high of $18.83.

AstroNova (NASDAQ:ALOT) last issued its earnings results on Monday, September 16th. The business services provider reported $0.08 earnings per share (EPS) for the quarter. AstroNova had a net margin of 4.20% and a return on equity of 7.77%. The firm had revenue of $40.54 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised AstroNova from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th.

AstroNova Profile

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates in two segments, Product Identification (PI) and Test & Measurement (T&M).