AstroNova (NASDAQ:ALOT) Now Covered by StockNews.com

Analysts at StockNews.com assumed coverage on shares of AstroNova (NASDAQ:ALOT) in a note issued to investors on Saturday. The brokerage set a “buy” rating on the business services provider’s stock.

AstroNova Price Performance

ALOT opened at $8.14 on Friday. The stock has a market capitalization of $61.66 million, a P/E ratio of 16.28 and a beta of 0.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 0.77. The company’s 50 day simple moving average is $9.57 and its 200-day simple moving average is $12.01. AstroNova has a one year low of $7.53 and a one year high of $18.25.

AstroNova (NASDAQ:ALOT) last released its earnings results on Monday, April 14th. The business services provider reported $0.06 EPS for the quarter. The firm had revenue of $37.36 million during the quarter. AstroNova had a net margin of 2.49% and a return on equity of 5.21%.

Insiders Place Their Bets

In related news, Director Richard S. Warzala acquired 20,000 shares of the stock in a transaction dated Thursday, April 17th. The stock was bought at an average price of $8.07 per share, with a total value of $161,400.00. Following the completion of the transaction, the director now directly owns 60,385 shares of the company’s stock, valued at approximately $487,306.95. The trade was a 49.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 17.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Mink Brook Asset Management LLC bought a new stake in shares of AstroNova in the fourth quarter worth $4,507,000. Peapod Lane Capital LLC acquired a new position in shares of AstroNova during the 4th quarter worth approximately $1,536,000. Diamond Hill Capital Management Inc. raised its position in shares of AstroNova by 22.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock valued at $1,003,000 after purchasing an additional 15,544 shares during the period. Northern Trust Corp lifted its position in AstroNova by 14.6% during the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock worth $785,000 after acquiring an additional 8,314 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of AstroNova by 10.5% in the third quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock valued at $933,000 after purchasing an additional 6,592 shares during the last quarter. 43.02% of the stock is owned by institutional investors and hedge funds.

AstroNova Company Profile

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