Squarepoint Ops LLC cut its position in shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) by 11.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,529 shares of the technology company’s stock after selling 3,471 shares during the period. Squarepoint Ops LLC’s holdings in Allied Motion Technologies were worth $972,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMOT. Marshall Wace LLP bought a new stake in shares of Allied Motion Technologies during the first quarter valued at approximately $29,000. SG Americas Securities LLC bought a new stake in shares of Allied Motion Technologies during the second quarter valued at approximately $348,000. Gamco Investors INC. ET AL bought a new stake in shares of Allied Motion Technologies during the second quarter valued at approximately $280,000. Gabelli Funds LLC bought a new stake in shares of Allied Motion Technologies during the second quarter valued at approximately $1,004,000. Finally, Teton Advisors Inc. bought a new stake in shares of Allied Motion Technologies during the second quarter valued at approximately $3,716,000. Institutional investors and hedge funds own 55.80% of the company’s stock.
Shares of AMOT stock opened at $47.25 on Friday. The stock’s fifty day simple moving average is $43.53 and its 200 day simple moving average is $37.78. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.49 and a quick ratio of 1.42. The firm has a market cap of $453.60 million, a price-to-earnings ratio of 27.79, a P/E/G ratio of 2.66 and a beta of 1.46. Allied Motion Technologies, Inc. has a one year low of $30.98 and a one year high of $49.65.
Allied Motion Technologies (NASDAQ:AMOT) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.09. The business had revenue of $96.63 million for the quarter. Allied Motion Technologies had a return on equity of 15.67% and a net margin of 4.53%. On average, research analysts anticipate that Allied Motion Technologies, Inc. will post 1.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Wednesday, November 13th. Allied Motion Technologies’s dividend payout ratio is 7.06%.
A number of analysts have recently issued reports on the company. BidaskClub cut Allied Motion Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, December 7th. Dougherty & Co reaffirmed a “buy” rating on shares of Allied Motion Technologies in a research note on Monday, November 4th. Zacks Investment Research raised Allied Motion Technologies from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. Finally, ValuEngine raised Allied Motion Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 6th.
In other Allied Motion Technologies news, Director Richard D. /Co/ Smith sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $38.00, for a total value of $190,000.00. Following the transaction, the director now owns 1,887 shares of the company’s stock, valued at $71,706. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard D. /Co/ Smith sold 20,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $40.67, for a total value of $813,400.00. Following the completion of the transaction, the director now directly owns 1,887 shares in the company, valued at approximately $76,744.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,936 shares of company stock worth $3,145,520. 23.10% of the stock is owned by insiders.
Allied Motion Technologies Company Profile
Allied Motion Technologies, Inc designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.
See Also: Return on Investment (ROI)
Want to see what other hedge funds are holding AMOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allied Motion Technologies, Inc. (NASDAQ:AMOT).
Receive News & Ratings for Allied Motion Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Motion Technologies and related companies with MarketBeat.com's FREE daily email newsletter.