Mission Wealth Management LP Acquires Shares of 14,388 Allient Inc. (NASDAQ:ALNT)

Mission Wealth Management LP acquired a new stake in Allient Inc. (NASDAQ:ALNT) during the fourth quarter, HoldingsChannel reports. The fund acquired 14,388 shares of the company’s stock, valued at approximately $349,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ALNT. New York State Teachers Retirement System acquired a new position in Allient in the 4th quarter valued at $32,000. Point72 DIFC Ltd acquired a new position in Allient in the 3rd quarter valued at $33,000. Creative Planning acquired a new position in Allient in the 3rd quarter valued at $199,000. Meixler Investment Management Ltd. grew its holdings in Allient by 11.6% in the 3rd quarter. Meixler Investment Management Ltd. now owns 11,287 shares of the company’s stock valued at $214,000 after buying an additional 1,172 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Allient in the 3rd quarter valued at $249,000. 61.57% of the stock is owned by institutional investors and hedge funds.

Allient Stock Performance

ALNT opened at $23.74 on Thursday. The firm has a market cap of $399.90 million, a P/E ratio of 26.98 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 is $25.29 and its 200-day moving average is $22.77.

Allient (NASDAQ:ALNT) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate 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. Sell-side analysts expect that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.51%. Allient’s dividend payout ratio is currently 13.64%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Northland Capmk raised Allient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Northland Securities raised Allient from a “market perform” rating to an “outperform” rating and increased their target price for the stock 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.