Allied Motion Technologies, Inc. (NASDAQ:AMOT) Director Richard D. Federico Sells 2,000 Shares

Allied Motion Technologies, Inc. (NASDAQ:AMOT) Director Richard D. Federico sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $45.03, for a total value of $90,060.00. Following the transaction, the director now owns 39,471 shares in the company, valued at $1,777,379.13. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

AMOT opened at $44.75 on Tuesday. Allied Motion Technologies, Inc. has a one year low of $30.98 and a one year high of $52.20. The stock has a market capitalization of $430.08 million, a PE ratio of 24.89, a P/E/G ratio of 2.59 and a beta of 1.46. The business’s 50 day moving average price is $41.44 and its 200 day moving average price is $37.26. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.42 and a current ratio of 2.49.

Allied Motion Technologies (NASDAQ:AMOT) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. Allied Motion Technologies had a return on equity of 15.67% and a net margin of 4.53%. The firm had revenue of $96.63 million for the quarter. As a group, equities research analysts forecast that Allied Motion Technologies, Inc. will post 1.73 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Wednesday, November 13th. Allied Motion Technologies’s dividend payout ratio is presently 7.06%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Man Group plc lifted its holdings in Allied Motion Technologies by 7.6% in the third quarter. Man Group plc now owns 52,303 shares of the technology company’s stock valued at $1,847,000 after acquiring an additional 3,700 shares during the last quarter. Gabelli Funds LLC lifted its stake in Allied Motion Technologies by 1.9% during the third quarter. Gabelli Funds LLC now owns 27,000 shares of the technology company’s stock worth $953,000 after purchasing an additional 500 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Allied Motion Technologies by 259.5% during the third quarter. Gamco Investors INC. ET AL now owns 26,600 shares of the technology company’s stock worth $939,000 after purchasing an additional 19,200 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Allied Motion Technologies by 35.0% during the third quarter. Russell Investments Group Ltd. now owns 132,147 shares of the technology company’s stock worth $4,666,000 after purchasing an additional 34,282 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in Allied Motion Technologies by 4.7% during the third quarter. California Public Employees Retirement System now owns 25,607 shares of the technology company’s stock worth $904,000 after purchasing an additional 1,153 shares in the last quarter. Hedge funds and other institutional investors own 55.80% of the company’s stock.

Several brokerages have recently weighed in on AMOT. Dougherty & Co restated a “buy” rating on shares of Allied Motion Technologies in a report on Monday, November 4th. ValuEngine upgraded Allied Motion Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, September 6th. BidaskClub upgraded Allied Motion Technologies from a “hold” rating to a “buy” rating in a report on Monday, November 25th. Finally, Zacks Investment Research upgraded Allied Motion Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $57.00.

About Allied Motion Technologies

Allied Motion Technologies, Inc designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.

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Insider Buying and Selling by Quarter for Allied Motion Technologies (NASDAQ:AMOT)

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