Seizert Capital Partners LLC Sells 19,229 Shares of Allient Inc. $ALNT

Seizert Capital Partners LLC reduced its holdings in shares of Allient Inc. (NASDAQ:ALNT) by 12.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 134,883 shares of the company’s stock after selling 19,229 shares during the period. Seizert Capital Partners LLC’s holdings in Allient were worth $6,036,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ALNT. Royal Bank of Canada boosted its holdings in Allient by 19.8% during the first quarter. Royal Bank of Canada now owns 111,570 shares of the company’s stock valued at $2,453,000 after purchasing an additional 18,416 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Allient by 8.0% during the 1st quarter. AQR Capital Management LLC now owns 53,661 shares of the company’s stock worth $1,179,000 after buying an additional 3,979 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Allient by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company’s stock valued at $192,000 after buying an additional 390 shares in the last quarter. Empowered Funds LLC raised its stake in Allient by 8.1% during the first quarter. Empowered Funds LLC now owns 46,044 shares of the company’s stock worth $1,012,000 after acquiring an additional 3,458 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Allient by 9.9% during the first quarter. Jane Street Group LLC now owns 18,379 shares of the company’s stock valued at $404,000 after acquiring an additional 1,663 shares during the period. Institutional investors and hedge funds own 61.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Allient in a report on Wednesday, October 8th. Zacks Research cut Allient from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Roth Capital boosted their price objective on Allient from $49.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Allient has an average rating of “Hold” and an average target price of $50.33.

Insider Activity

In other news, VP Ashish Bendre sold 16,000 shares of Allient stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $52.25, for a total transaction of $836,000.00. Following the completion of the sale, the vice president owned 23,166 shares in the company, valued at $1,210,423.50. The trade was a 40.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 14.90% of the company’s stock.

Allient Trading Down 1.1%

ALNT stock opened at $61.13 on Tuesday. 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 $62.88. The company has a market cap of $1.04 billion, a P/E ratio of 54.58 and a beta of 1.55. The business has a fifty day moving average of $55.12 and a 200-day moving average of $48.80.

Allient Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were given a dividend of $0.03 per share. The ex-dividend date 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 presently 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.