Seizert Capital Partners LLC Decreases Position in Allient Inc. $ALNT

Seizert Capital Partners LLC lowered its position in Allient Inc. (NASDAQ:ALNT) by 12.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,883 shares of the company’s stock after selling 19,229 shares during the quarter. Seizert Capital Partners LLC owned 0.80% of Allient worth $6,036,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ALNT. Cullen Frost Bankers Inc. lifted its holdings in shares of Allient by 173.0% in the second quarter. Cullen Frost Bankers Inc. now owns 999 shares of the company’s stock valued at $36,000 after purchasing an additional 633 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Allient in the 3rd quarter valued at approximately $41,000. New York State Teachers Retirement System acquired a new stake in Allient during the 3rd quarter valued at $58,000. Tower Research Capital LLC TRC increased its stake in Allient by 162.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,190 shares of the company’s stock valued at $80,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its position in Allient by 16.4% during the second quarter. Copeland Capital Management LLC now owns 2,561 shares of the company’s stock worth $93,000 after buying an additional 360 shares during the period. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Allient

In other news, VP Ashish Bendre sold 16,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $52.25, for a total transaction of $836,000.00. Following the transaction, the vice president owned 23,166 shares in the company, valued at approximately $1,210,423.50. The trade was a 40.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 14.90% of the stock is owned by corporate insiders.

Allient Stock Down 1.1%

NASDAQ:ALNT opened at $61.13 on Tuesday. The company has a current ratio of 3.53, a quick ratio of 2.01 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average of $55.12 and a 200-day moving average of $48.80. The firm has a market capitalization of $1.04 billion, a PE ratio of 54.58 and a beta of 1.55. Allient Inc. has a 52 week low of $19.25 and a 52 week high of $62.88.

Allient Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. Allient’s dividend payout ratio is 10.71%.

Analyst Ratings Changes

Several research firms recently issued reports on ALNT. Roth Capital raised their target price on shares of Allient from $49.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Zacks Research cut shares of Allient from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Allient in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Allient in a research note on Monday, October 20th. They set a “neutral” rating and a $60.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Allient presently has a consensus rating of “Hold” and an average price target of $50.33.

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.