Allient Inc. (NASDAQ:ALNT) Short Interest Up 9.1% in October

Allient Inc. (NASDAQ:ALNT) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 156,400 shares, a growth of 9.1% from the September 30th total of 143,300 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 125,500 shares, the short-interest ratio is presently 1.2 days.

Wall Street Analysts Forecast Growth

ALNT has been the topic of several analyst reports. Roth Mkm decreased their price target on shares of Allient from $39.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Northland Securities decreased their price target on shares of Allient from $35.00 to $30.00 and set a “market perform” rating on the stock in a research note on Friday, August 9th. Finally, Craig Hallum decreased their target price on shares of Allient from $41.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, August 9th.

Allient Price Performance

ALNT opened at $17.29 on Friday. The company’s 50 day simple moving average is $19.17 and its 200 day simple moving average is $24.02. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.00 and a current ratio of 3.90. Allient has a 1 year low of $16.91 and a 1 year high of $36.33. The stock has a market capitalization of $291.23 million, a PE ratio of 14.91 and a beta of 1.50.

Allient (NASDAQ:ALNT) last released its earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11). The company had revenue of $136.03 million during the quarter, compared to analyst estimates of $137.55 million. Allient had a return on equity of 13.04% and a net margin of 3.35%. During the same period in the prior year, the business posted $0.58 earnings per share. As a group, sell-side analysts expect that Allient will post 1.29 EPS for the current year.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.69%. Allient’s dividend payout ratio (DPR) is 10.34%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ALNT. CWM LLC lifted its position in shares of Allient by 798.2% during the second quarter. CWM LLC now owns 1,006 shares of the company’s stock worth $25,000 after purchasing an additional 894 shares in the last quarter. Isthmus Partners LLC lifted its position in shares of Allient by 0.7% during the second quarter. Isthmus Partners LLC now owns 98,165 shares of the company’s stock worth $25,000 after purchasing an additional 653 shares in the last quarter. Shell Asset Management Co. acquired a new position in shares of Allient during the first quarter worth $35,000. Ameritas Investment Partners Inc. acquired a new position in shares of Allient during the first quarter worth $49,000. Finally, Copeland Capital Management LLC acquired a new position in shares of Allient during the third quarter worth $50,000. 61.57% of the stock is owned by institutional investors and hedge funds.

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.