Allied Motion Technologies, Inc. (AMOT) Director Sells $181,300.00 in Stock
Allied Motion Technologies, Inc. (NASDAQ:AMOT) Director Richard D. /Co/ Smith sold 7,000 shares of Allied Motion Technologies stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $25.90, for a total value of $181,300.00. Following the transaction, the director now owns 47,429 shares in the company, valued at $1,228,411.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Allied Motion Technologies, Inc. (AMOT) traded down 1.29% during mid-day trading on Friday, hitting $26.79. The company’s stock had a trading volume of 40,465 shares. The stock has a market cap of $253.73 million, a PE ratio of 25.73 and a beta of 1.84. The company has a 50-day moving average price of $25.55 and a 200-day moving average price of $22.97. Allied Motion Technologies, Inc. has a 1-year low of $15.54 and a 1-year high of $28.46.
Allied Motion Technologies (NASDAQ:AMOT) last issued its quarterly earnings data on Monday, March 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.11. Allied Motion Technologies had a return on equity of 11.99% and a net margin of 3.62%. The firm had revenue of $55.34 million during the quarter, compared to the consensus estimate of $59.01 million. Analysts predict that Allied Motion Technologies, Inc. will post $1.30 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Thursday, May 18th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Tuesday, May 16th. Allied Motion Technologies’s payout ratio is 10.53%.
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Separately, Zacks Investment Research upgraded Allied Motion Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 11th.
A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of Allied Motion Technologies by 3.2% in the first quarter. Geode Capital Management LLC now owns 66,744 shares of the technology company’s stock worth $1,341,000 after buying an additional 2,055 shares during the last quarter. Vanguard Group Inc. boosted its position in Allied Motion Technologies by 6.5% in the first quarter. Vanguard Group Inc. now owns 290,732 shares of the technology company’s stock worth $5,843,000 after buying an additional 17,790 shares during the last quarter. ACK Asset Management LLC bought a new position in Allied Motion Technologies during the first quarter worth $5,225,000. Teachers Advisors LLC boosted its position in Allied Motion Technologies by 11.2% in the first quarter. Teachers Advisors LLC now owns 11,009 shares of the technology company’s stock worth $221,000 after buying an additional 1,108 shares during the last quarter. Finally, Algert Global LLC boosted its position in Allied Motion Technologies by 8.0% in the first quarter. Algert Global LLC now owns 60,312 shares of the technology company’s stock worth $1,212,000 after buying an additional 4,490 shares during the last quarter. 39.49% of the stock is owned by institutional investors and hedge funds.
Allied Motion Technologies Company Profile
Allied Motion Technologies Inc designs, manufactures and sells precision and specialty motion control components and systems used in a range of industries. The Company serves various markets, including vehicle, medical, aerospace and defense, electronics and industrial. It focuses on motion control applications.
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