Los Angeles Capital Management LLC Takes $560,000 Position in Allient Inc. $ALNT

Los Angeles Capital Management LLC bought a new position in Allient Inc. (NASDAQ:ALNT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,420 shares of the company’s stock, valued at approximately $560,000.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in Allient in the 1st quarter valued at $47,025,000. AIGH Capital Management LLC acquired a new stake in shares of Allient during the 2nd quarter valued at about $7,262,000. Seizert Capital Partners LLC acquired a new stake in shares of Allient during the 1st quarter valued at about $3,312,000. Pinnacle Associates Ltd. increased its stake in Allient by 37.6% in the first quarter. Pinnacle Associates Ltd. now owns 327,132 shares of the company’s stock valued at $7,190,000 after acquiring an additional 89,463 shares during the period. Finally, Vanguard Group Inc. raised its position in Allient by 7.7% in the first quarter. Vanguard Group Inc. now owns 908,965 shares of the company’s stock worth $19,979,000 after purchasing an additional 65,061 shares in the last quarter. Institutional investors and hedge funds own 61.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ALNT shares. Weiss Ratings reissued a “hold (c)” rating on shares of Allient in a report on Wednesday, October 8th. Zacks Research upgraded Allient from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. began coverage on shares of Allient in a report on Monday, October 20th. They issued a “neutral” rating and a $60.00 target price on the stock. Finally, Roth Capital boosted 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. One investment 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $50.33.

Allient Stock Performance

Shares of NASDAQ:ALNT opened at $53.00 on Friday. The business has a fifty day moving average of $48.99 and a 200-day moving average of $40.86. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.17 and a current ratio of 3.74. Allient Inc. has a twelve month low of $19.25 and a twelve month high of $58.13. The firm has a market cap of $897.98 million, a PE ratio of 61.63 and a beta of 1.51.

Allient Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, November 20th. Allient’s dividend payout ratio (DPR) 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.