Bridgeway Capital Management LLC Acquires 2,040 Shares of Allient Inc. (NASDAQ:ALNT)

Bridgeway Capital Management LLC grew its stake in shares of Allient Inc. (NASDAQ:ALNT) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 42,586 shares of the company’s stock after purchasing an additional 2,040 shares during the period. Bridgeway Capital Management LLC owned about 0.25% of Allient worth $1,034,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Teachers Retirement System bought a new stake in Allient during the fourth quarter worth $32,000. Hurley Capital LLC bought a new stake in shares of Allient in the 4th quarter worth $38,000. Globeflex Capital L P purchased a new stake in shares of Allient in the fourth quarter valued at about $118,000. Aquatic Capital Management LLC lifted its position 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. purchased a new position in Allient during the fourth quarter worth about $211,000. 61.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on ALNT shares. Northland Securities set a $35.00 target price on shares of Allient in a research report on Monday, May 5th. Northland Capmk downgraded Allient from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 5th.

Allient Trading Up 7.9 %

Shares of ALNT stock opened at $28.98 on Friday. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The firm has a market cap of $490.60 million, a P/E ratio of 32.93 and a beta of 1.39. The company has a 50 day moving average of $22.36 and a 200-day moving average of $23.71. Allient Inc. has a 12-month low of $16.91 and a 12-month high of $29.82.

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

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, May 22nd. Allient’s dividend payout ratio (DPR) is presently 20.34%.

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.