AstroNova (NASDAQ:ALOT) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of AstroNova (NASDAQ:ALOT) in a report published on Monday morning. The brokerage issued a buy rating on the business services provider’s stock.

AstroNova Trading Down 3.1%

ALOT opened at $8.82 on Monday. The firm has a market cap of $66.81 million, a price-to-earnings ratio of 17.64 and a beta of 0.64. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. AstroNova has a 12 month low of $7.53 and a 12 month high of $18.25. The stock has a fifty day moving average price of $9.01 and a 200-day moving average price of $11.51.

AstroNova (NASDAQ:ALOT) last released its quarterly earnings results on Monday, April 14th. The business services provider reported $0.06 EPS for the quarter. The firm had revenue of $37.36 million during the quarter. AstroNova had a return on equity of 5.21% and a net margin of 2.49%.

Insider Buying and Selling at AstroNova

In other AstroNova news, Director Richard S. Warzala bought 20,000 shares of AstroNova stock in a transaction that occurred on Thursday, April 17th. The shares were bought at an average cost of $8.07 per share, with a total value of $161,400.00. Following the transaction, the director now directly owns 60,385 shares of the company’s stock, valued at approximately $487,306.95. This represents a 49.52% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 18.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ALOT. Peapod Lane Capital LLC acquired a new position in AstroNova during the 4th quarter valued at about $1,536,000. Diamond Hill Capital Management Inc. increased its position in AstroNova by 22.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock valued at $1,003,000 after buying an additional 15,544 shares in the last quarter. Geode Capital Management LLC increased its position in AstroNova by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock valued at $847,000 after buying an additional 1,226 shares in the last quarter. Northern Trust Corp increased its position in AstroNova by 14.6% during the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock valued at $785,000 after buying an additional 8,314 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in AstroNova by 7.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock valued at $472,000 after buying an additional 2,574 shares in the last quarter. 43.02% of the stock is owned by institutional investors and hedge funds.

About AstroNova

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates in two segments, Product Identification (PI) and Test & Measurement (T&M).