Royce & Associates LP Decreases Stock Position in AstroNova, Inc. (NASDAQ:ALOT)

Royce & Associates LP cut its position in AstroNova, Inc. (NASDAQ:ALOT) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 427,898 shares of the business services provider’s stock after selling 6,300 shares during the quarter. Royce & Associates LP owned 0.06% of AstroNova worth $5,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of AstroNova by 10.5% in the third quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock valued at $933,000 after purchasing an additional 6,592 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in AstroNova by 22.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock valued at $1,003,000 after acquiring an additional 15,544 shares during the last quarter. Finally, Peapod Lane Capital LLC bought a new position in AstroNova during the 4th quarter valued at $1,536,000. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

AstroNova Trading Down 0.9 %

NASDAQ ALOT opened at $10.64 on Thursday. AstroNova, Inc. has a 12 month low of $9.70 and a 12 month high of $18.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 0.77. The company has a market capitalization of $80.11 million, a price-to-earnings ratio of 21.28 and a beta of 0.62. The company’s fifty day moving average price is $11.37 and its two-hundred day moving average price is $13.06.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of AstroNova in a research note on Monday. They set a “buy” rating on the stock.

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).