Renaissance Technologies LLC boosted its position in shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) by 23.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,400 shares of the technology company’s stock after buying an additional 15,800 shares during the period. Renaissance Technologies LLC’s holdings in Allied Motion Technologies were worth $1,696,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMOT. Algert Global LLC raised its stake in shares of 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 in the last quarter. Geode Capital Management LLC raised 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 in the last quarter. State Street Corp raised its stake in shares of Allied Motion Technologies by 1.6% in the fourth quarter. State Street Corp now owns 97,219 shares of the technology company’s stock worth $2,081,000 after buying an additional 1,561 shares in the last quarter. Punch & Associates Investment Management Inc. purchased a new stake in shares of Allied Motion Technologies during the first quarter worth about $1,993,000. Finally, ACK Asset Management LLC purchased a new stake in shares of Allied Motion Technologies during the first quarter worth about $5,225,000. 39.42% of the stock is owned by hedge funds and other institutional investors.

Shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) traded down 2.44% during mid-day trading on Monday, hitting $24.34. 5,725 shares of the stock traded hands. The stock has a 50 day moving average price of $27.19 and a 200-day moving average price of $24.58. The company has a market cap of $230.06 million, a P/E ratio of 26.23 and a beta of 1.88. Allied Motion Technologies, Inc. has a one year low of $15.54 and a one year high of $30.31.

Allied Motion Technologies (NASDAQ:AMOT) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by $0.07. Allied Motion Technologies had a return on equity of 10.65% and a net margin of 3.41%. The company had revenue of $60.34 million for the quarter, compared to analyst estimates of $62.17 million. On average, analysts forecast that Allied Motion Technologies, Inc. will post $1.00 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Thursday, August 17th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.40%. Allied Motion Technologies’s dividend payout ratio (DPR) is presently 11.36%.

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Several research analysts have weighed in on the stock. TheStreet lowered shares of Allied Motion Technologies from a “b” rating to a “c+” rating in a research note on Tuesday, August 8th. Zacks Investment Research cut shares of Allied Motion Technologies from a “hold” rating to a “strong sell” rating in a research report on Friday. Finally, BidaskClub raised shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th.

In related news, Director Richard D. /Co/ Smith sold 7,000 shares of Allied Motion Technologies stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $25.90, for a total transaction of $181,300.00. Following the completion of the sale, the director now directly owns 47,429 shares of the company’s stock, valued at $1,228,411.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard D. /Co/ Smith sold 3,016 shares of Allied Motion Technologies stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $27.85, for a total value of $83,995.60. Following the sale, the director now directly owns 47,429 shares of the company’s stock, valued at $1,320,897.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,916 shares of company stock valued at $515,613. 30.80% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Allied Motion Technologies (NASDAQ:AMOT)

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