Dunhill Financial LLC Sells 768 Shares of Allient Inc. (NASDAQ:ALNT)

Dunhill Financial LLC cut its holdings in shares of Allient Inc. (NASDAQ:ALNT) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,542 shares of the company’s stock after selling 768 shares during the quarter. Dunhill Financial LLC’s holdings in Allient were worth $62,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Gabelli Funds LLC grew its position in Allient by 1.3% during the fourth quarter. Gabelli Funds LLC now owns 77,569 shares of the company’s stock worth $1,883,000 after buying an additional 1,000 shares in the last quarter. Aquatic Capital Management LLC grew its holdings in shares of Allient by 17.1% during the 4th quarter. Aquatic Capital Management LLC now owns 7,847 shares of the company’s stock worth $191,000 after purchasing an additional 1,147 shares in the last quarter. New York State Teachers Retirement System bought a new stake in shares of Allient during the fourth quarter valued at approximately $32,000. Hurley Capital LLC acquired a new position in shares of Allient in the fourth quarter valued at $38,000. Finally, Geode Capital Management LLC lifted its position in Allient by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 345,726 shares of the company’s stock worth $8,396,000 after purchasing an additional 1,560 shares during the period. 61.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ALNT shares. Northland Securities set a $35.00 price objective on shares of Allient in a research note on Monday. Northland Capmk cut shares of Allient from a “strong-buy” rating to a “hold” rating in a research note on Monday.

Allient Stock Up 1.2 %

Shares of NASDAQ ALNT opened at $22.12 on Thursday. Allient Inc. has a 52-week low of $16.91 and a 52-week high of $32.00. 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 business has a fifty day moving average of $22.19 and a two-hundred day moving average of $23.52. The stock has a market cap of $374.89 million, a PE ratio of 25.14 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 (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 analysts’ expectations of $125.00 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. As a group, equities research analysts expect that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, March 20th. Allient’s payout ratio is currently 15.00%.

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.