Renaissance Technologies LLC Trims Stock Position in AstroNova, Inc. (NASDAQ:ALOT)

Renaissance Technologies LLC decreased its stake in AstroNova, Inc. (NASDAQ:ALOT) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,442 shares of the business services provider’s stock after selling 6,036 shares during the quarter. Renaissance Technologies LLC owned approximately 1.41% of AstroNova worth $1,278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in AstroNova by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock worth $847,000 after purchasing an additional 1,226 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in AstroNova by 22.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock worth $1,003,000 after buying an additional 15,544 shares in the last quarter. Finally, Peapod Lane Capital LLC acquired a new stake in AstroNova during the fourth quarter valued at $1,536,000. 43.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Richard S. Warzala purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 17th. The stock was purchased at an average cost of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the transaction, the director now owns 60,385 shares of the company’s stock, valued at $487,306.95. This trade represents a 49.52 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 17.70% of the stock is currently owned by insiders.

AstroNova Stock Up 2.1 %

AstroNova stock opened at $8.22 on Wednesday. AstroNova, Inc. has a 12 month low of $7.53 and a 12 month high of $18.25. The stock has a market capitalization of $62.27 million, a PE ratio of 16.44 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 business has a 50 day simple moving average of $9.42 and a 200-day simple moving average of $11.91.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of AstroNova in a research note on Saturday. They set a “buy” rating on the stock.

About AstroNova

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).