Short Interest in Allient Inc. (NASDAQ:ALNT) Declines By 12.6%

Allient Inc. (NASDAQ:ALNT) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 180,000 shares, a decline of 12.6% from the December 31st total of 206,000 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 144,500 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in shares of Allient in the fourth quarter valued at approximately $32,000. Point72 DIFC Ltd acquired a new position in shares of Allient in the third quarter valued at approximately $33,000. Copeland Capital Management LLC acquired a new position in shares of Allient in the third quarter valued at approximately $50,000. Pathway Financial Advisers LLC increased its holdings in shares of Allient by 1,798.7% in the third quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company’s stock valued at $56,000 after purchasing an additional 2,770 shares during the period. Finally, Creative Planning acquired a new position in shares of Allient in the third quarter valued at approximately $199,000. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Trading Up 0.5 %

ALNT opened at $25.64 on Friday. The firm has a market cap of $431.78 million, a price-to-earnings ratio of 29.14 and a beta of 1.61. Allient has a 52 week low of $16.91 and a 52 week high of $36.33. The business’s 50 day moving average is $25.29 and its two-hundred day moving average is $22.78. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85.

Allient (NASDAQ:ALNT) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.21 by $0.10. The company had revenue of $125.21 million for the quarter, compared to analyst estimates of $124.28 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, research analysts predict that Allient will post 1.43 EPS for the current year.

Allient Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.47%. The ex-dividend date was Thursday, November 21st. Allient’s dividend payout ratio (DPR) is 13.64%.

Allient Company 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.