Point72 DIFC Ltd Takes $33,000 Position in Allient Inc. (NASDAQ:ALNT)

Point72 DIFC Ltd acquired a new position in shares of Allient Inc. (NASDAQ:ALNT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,758 shares of the company’s stock, valued at approximately $33,000.

Several other hedge funds have also recently added to or reduced their stakes in ALNT. FMR LLC increased its position in Allient by 843.2% in the 3rd quarter. FMR LLC now owns 1,153,537 shares of the company’s stock worth $21,906,000 after buying an additional 1,031,243 shares during the period. Dimensional Fund Advisors LP raised its stake in Allient by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 655,029 shares of the company’s stock valued at $16,552,000 after purchasing an additional 32,455 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in Allient by 7.9% in the 3rd quarter. Pinnacle Associates Ltd. now owns 267,806 shares of the company’s stock valued at $5,086,000 after purchasing an additional 19,622 shares during the period. Diamond Hill Capital Management Inc. increased its holdings in shares of Allient by 29.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 238,844 shares of the company’s stock worth $4,536,000 after purchasing an additional 54,005 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Allient by 56.4% during the third quarter. Assenagon Asset Management S.A. now owns 119,754 shares of the company’s stock valued at $2,274,000 after buying an additional 43,167 shares during the last quarter. Institutional investors own 61.57% of the company’s stock.

Allient Trading Up 4.8 %

Shares of Allient stock opened at $27.55 on Tuesday. The company’s fifty day moving average price is $21.32 and its two-hundred day moving average price is $22.89. The firm has a market capitalization of $463.94 million, a PE ratio of 31.31 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 current ratio of 4.10 and a quick ratio of 2.18.

Allient (NASDAQ:ALNT) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.10. The firm had revenue of $125.21 million during the quarter, compared to analyst estimates of $124.28 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, analysts expect that Allient Inc. will post 1.43 EPS for the current year.

Allient Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.44%. The ex-dividend date was Thursday, November 21st. Allient’s dividend payout ratio is 13.64%.

Analyst Upgrades and Downgrades

Separately, Roth Mkm cut their price target on Allient from $39.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, August 13th.

Allient 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.