Vanguard Group Inc raised its stake in shares of AstroNova Inc (NASDAQ:ALOT) by 8.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 289,238 shares of the business services provider’s stock after acquiring an additional 23,155 shares during the quarter. Vanguard Group Inc owned approximately 4.16% of AstroNova worth $6,248,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in AstroNova by 8.7% during the 3rd quarter. Vanguard Group Inc. now owns 289,238 shares of the business services provider’s stock worth $6,248,000 after purchasing an additional 23,155 shares in the last quarter. Renaissance Technologies LLC increased its stake in AstroNova by 9.6% during the 3rd quarter. Renaissance Technologies LLC now owns 218,600 shares of the business services provider’s stock worth $4,722,000 after purchasing an additional 19,150 shares in the last quarter. Royce & Associates LP increased its stake in AstroNova by 41.9% during the 3rd quarter. Royce & Associates LP now owns 92,100 shares of the business services provider’s stock worth $1,989,000 after purchasing an additional 27,200 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in AstroNova by 3.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 558,106 shares of the business services provider’s stock worth $12,055,000 after purchasing an additional 17,898 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in AstroNova by 101.3% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 14,228 shares of the business services provider’s stock worth $307,000 after purchasing an additional 7,160 shares in the last quarter. 58.82% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised AstroNova from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, November 28th.

Shares of ALOT traded up $0.24 during mid-day trading on Monday, hitting $20.27. The firm has a market capitalization of $139.26 million, a P/E ratio of 32.17, a P/E/G ratio of 2.57 and a beta of 0.21. AstroNova Inc has a 12-month low of $12.70 and a 12-month high of $23.95. The company has a quick ratio of 1.44, a current ratio of 2.73 and a debt-to-equity ratio of 0.21.

AstroNova (NASDAQ:ALOT) last issued its quarterly earnings results on Wednesday, November 21st. The business services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.09. The company had revenue of $34.20 million during the quarter. AstroNova had a net margin of 3.07% and a return on equity of 7.91%. On average, sell-side analysts predict that AstroNova Inc will post 0.47 EPS for the current year.

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About AstroNova

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

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Institutional Ownership by Quarter for AstroNova (NASDAQ:ALOT)

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