Nkcfo LLC Acquires 28,000 Shares of Allient Inc. $ALNT

Nkcfo LLC boosted its stake in Allient Inc. (NASDAQ:ALNT) by 700.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,000 shares of the company’s stock after purchasing an additional 28,000 shares during the period. Nkcfo LLC owned about 0.19% of Allient worth $1,162,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Allient by 27.9% in the 1st quarter. American Century Companies Inc. now owns 27,553 shares of the company’s stock valued at $606,000 after buying an additional 6,002 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Allient during the second quarter worth about $560,000. AIGH Capital Management LLC acquired a new position in shares of Allient in the second quarter worth approximately $7,262,000. Allspring Global Investments Holdings LLC boosted its holdings in Allient by 1.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 450,279 shares of the company’s stock valued at $16,350,000 after acquiring an additional 7,944 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its holdings in Allient by 1.9% in the second quarter. Pinnacle Associates Ltd. now owns 333,277 shares of the company’s stock valued at $12,101,000 after acquiring an additional 6,145 shares during the last quarter. 61.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on ALNT shares. JPMorgan Chase & Co. began coverage on shares of Allient in a report on Monday, October 20th. They set a “neutral” rating and a $60.00 price target for the company. Zacks Research upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Allient in a report on Wednesday, October 8th. Finally, Roth Capital upped their price target on shares of Allient from $49.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, November 14th. One 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

Allient Stock Performance

NASDAQ:ALNT opened at $54.51 on Friday. The company has a quick ratio of 2.01, a current ratio of 3.53 and a debt-to-equity ratio of 0.65. Allient Inc. has a twelve month low of $19.25 and a twelve month high of $58.13. The company has a fifty day moving average of $51.06 and a 200-day moving average of $43.57. The firm has a market capitalization of $923.40 million, a P/E ratio of 48.67 and a beta of 1.59.

Allient Dividend Announcement

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

Insider Activity

In other news, VP Ashish Bendre sold 16,000 shares of the 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 of the company’s stock, valued at $1,210,423.50. This represents a 40.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 15.60% of the stock is owned by company insiders.

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.