Seizert Capital Partners LLC Buys 3,422 Shares of Allient Inc. $ALNT

Seizert Capital Partners LLC increased its stake in Allient Inc. (NASDAQ:ALNT) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,112 shares of the company’s stock after buying an additional 3,422 shares during the period. Seizert Capital Partners LLC’s holdings in Allient were worth $5,596,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. grew its holdings in shares of Allient by 173.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 999 shares of the company’s stock worth $36,000 after acquiring an additional 633 shares during the period. CWM LLC boosted its position in shares of Allient by 105.2% during the first quarter. CWM LLC now owns 1,890 shares of the company’s stock valued at $42,000 after purchasing an additional 969 shares in the last quarter. Copeland Capital Management LLC boosted its position in shares of Allient by 16.4% during the second quarter. Copeland Capital Management LLC now owns 2,561 shares of the company’s stock valued at $93,000 after purchasing an additional 360 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Allient by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company’s stock worth $192,000 after purchasing an additional 390 shares during the period. Finally, Ballentine Partners LLC bought a new position in Allient in the second quarter worth $226,000. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ALNT has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Allient in a report on Wednesday, October 8th. Zacks Research raised shares of Allient from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. initiated coverage on shares of Allient in a report on Monday, October 20th. They issued a “neutral” rating and a $60.00 price objective on the stock. Finally, Roth Capital lifted their target price on shares of Allient from $49.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.33.

Allient Stock Performance

Shares of ALNT stock opened at $50.30 on Wednesday. The company has a market capitalization of $852.23 million, a price-to-earnings ratio of 58.49 and a beta of 1.51. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.17 and a current ratio of 3.74. Allient Inc. has a one year low of $19.25 and a one year high of $58.13. The company’s 50-day moving average is $49.20 and its 200 day moving average is $41.54.

Allient Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. Allient’s dividend payout ratio (DPR) is 10.71%.

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.