Allient Inc. (NASDAQ:ALNT) Sees Significant Growth in Short Interest

Allient Inc. (NASDAQ:ALNT) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 206,000 shares, a growth of 22.0% from the November 30th total of 168,800 shares. Based on an average daily volume of 144,800 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Allient

Several hedge funds have recently added to or reduced their stakes in ALNT. Isthmus Partners LLC increased its stake in Allient by 0.7% during the 2nd 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. Algert Global LLC increased its position in shares of Allient by 5.2% during the second quarter. Algert Global LLC now owns 13,993 shares of the company’s stock worth $354,000 after acquiring an additional 689 shares in the last quarter. Meixler Investment Management Ltd. boosted its stake in Allient by 11.6% in the 3rd quarter. Meixler Investment Management Ltd. now owns 11,287 shares of the company’s stock worth $214,000 after purchasing an additional 1,172 shares during the period. Point72 DIFC Ltd bought a new position in Allient during the 3rd quarter worth about $33,000. Finally, Pullen Investment Management LLC increased its holdings in Allient by 14.7% during the 3rd quarter. Pullen Investment Management LLC now owns 15,546 shares of the company’s stock worth $295,000 after purchasing an additional 1,991 shares in the last quarter. Institutional investors own 61.57% of the company’s stock.

Allient Stock Performance

NASDAQ:ALNT traded down $0.52 during midday trading on Friday, reaching $24.03. The stock had a trading volume of 66,004 shares, compared to its average volume of 104,999. The firm’s fifty day simple moving average is $23.12 and its 200-day simple moving average is $22.77. Allient has a 1-year low of $16.91 and a 1-year high of $36.33. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18. The stock has a market capitalization of $404.79 million, a P/E ratio of 27.31 and a beta of 1.61.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.31 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $124.28 million. During the same period in the prior year, the business posted $0.61 earnings per share. On average, equities research analysts forecast that Allient will post 1.43 EPS for the current fiscal year.

Allient Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.50%. Allient’s payout ratio is currently 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.