Yvonne Schlaeppi Acquires 2,000 Shares of AstroNova Inc (NASDAQ:ALOT) Stock

AstroNova Inc (NASDAQ:ALOT) Director Yvonne Schlaeppi acquired 2,000 shares of AstroNova stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $14.16 per share, with a total value of $28,320.00. Following the completion of the purchase, the director now owns 8,622 shares in the company, valued at $122,087.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

ALOT opened at $14.05 on Friday. The business has a 50 day moving average price of $15.50 and a two-hundred day moving average price of $19.83. The company has a quick ratio of 1.05, a current ratio of 2.34 and a debt-to-equity ratio of 0.14. The company has a market cap of $99.54 million, a PE ratio of 18.77, a P/E/G ratio of 2.21 and a beta of 0.33. AstroNova Inc has a 52 week low of $13.75 and a 52 week high of $27.96.

AstroNova (NASDAQ:ALOT) last posted its quarterly earnings data on Wednesday, December 4th. The business services provider reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.11). The company had revenue of $33.32 million for the quarter. AstroNova had a net margin of 3.86% and a return on equity of 7.65%. As a group, sell-side analysts expect that AstroNova Inc will post 0.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Wednesday, December 18th. AstroNova’s dividend payout ratio is presently 34.15%.

Institutional investors and hedge funds have recently bought and sold shares of the business. MML Investors Services LLC increased its position in AstroNova by 2.6% during the 2nd quarter. MML Investors Services LLC now owns 54,378 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 1,403 shares during the period. BlackRock Inc. increased its position in AstroNova by 1,426.7% during the 2nd quarter. BlackRock Inc. now owns 407,199 shares of the business services provider’s stock worth $10,521,000 after purchasing an additional 380,527 shares during the period. Russell Investments Group Ltd. increased its position in AstroNova by 19.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 130,405 shares of the business services provider’s stock worth $2,108,000 after purchasing an additional 20,898 shares during the period. Strs Ohio acquired a new position in AstroNova during the 2nd quarter worth approximately $312,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in AstroNova during the 2nd quarter worth approximately $425,000. 62.08% of the stock is owned by hedge funds and other institutional investors.

Several research firms have commented on ALOT. Zacks Investment Research downgraded AstroNova from a “hold” rating to a “sell” rating in a research note on Monday, December 9th. ValuEngine raised AstroNova from a “hold” rating to a “buy” rating in a research note on Wednesday, August 28th. Finally, TheStreet downgraded AstroNova from a “b-” rating to a “c+” rating in a research note on Tuesday, October 29th.

AstroNova Company Profile

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

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