MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 380 Shares of Allient Inc. (NASDAQ:ALNT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Allient Inc. (NASDAQ:ALNT) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,346 shares of the company’s stock after acquiring an additional 380 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Allient were worth $203,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new position in Allient in the 4th quarter worth about $32,000. Hurley Capital LLC bought a new position in shares of Allient during the fourth quarter valued at approximately $38,000. Globeflex Capital L P bought a new position in shares of Allient during the fourth quarter valued at approximately $118,000. Aquatic Capital Management LLC boosted its stake in shares of Allient by 17.1% during the fourth quarter. Aquatic Capital Management LLC now owns 7,847 shares of the company’s stock valued at $191,000 after purchasing an additional 1,147 shares in the last quarter. Finally, Alliancebernstein L.P. bought a new position in shares of Allient during the fourth quarter valued at approximately $211,000. 61.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ALNT has been the topic of a number of recent research reports. Northland Securities set a $35.00 price objective on shares of Allient in a research note on Monday, May 5th. Northland Capmk downgraded shares of Allient from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 5th.

Allient Price Performance

NASDAQ ALNT opened at $30.81 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. The firm’s 50 day moving average price is $24.60 and its 200-day moving average price is $24.89. Allient Inc. has a 52-week low of $16.91 and a 52-week high of $32.95. The company has a market cap of $521.58 million, a PE ratio of 35.01 and a beta of 1.39.

Allient (NASDAQ:ALNT) last announced its earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.13. The company had revenue of $134.62 million during the quarter, compared to the consensus estimate of $125.00 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. Sell-side analysts forecast that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.12 annualized dividend and a yield of 0.39%. Allient’s dividend payout ratio (DPR) is 20.34%.

About Allient

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.