Allient Inc. (NASDAQ:ALNT) to Issue $0.03 Quarterly Dividend

Allient Inc. (NASDAQ:ALNT) announced a quarterly dividend on Thursday, March 5th. Investors of record on Friday, March 20th will be given a dividend of 0.03 per share on Friday, April 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, March 20th.

Allient has increased its dividend payment by an average of 0.1%annually over the last three years. Allient has a payout ratio of 5.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Allient to earn $1.83 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 6.6%.

Allient Price Performance

Shares of NASDAQ ALNT opened at $63.09 on Wednesday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 47.80 and a beta of 1.51. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.08 and a current ratio of 3.66. Allient has a fifty-two week low of $19.25 and a fifty-two week high of $70.00. The firm’s 50-day simple moving average is $63.57 and its 200 day simple moving average is $55.36.

Allient (NASDAQ:ALNT) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.09. The firm had revenue of $143.35 million during the quarter, compared to analyst estimates of $133.33 million. Allient had a return on equity of 12.53% and a net margin of 3.97%. As a group, research analysts anticipate that Allient will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of Allient

A number of hedge funds have recently bought and sold shares of ALNT. Arax Advisory Partners grew its stake in Allient by 113.9% in the 4th quarter. Arax Advisory Partners now owns 494 shares of the company’s stock valued at $27,000 after purchasing an additional 263 shares during the period. Advisory Services Network LLC purchased a new position in shares of Allient in the 3rd quarter worth about $34,000. Larson Financial Group LLC grew its position in Allient by 149.1% during the fourth quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock valued at $37,000 after buying an additional 413 shares during the period. State of Alaska Department of Revenue bought a new position in Allient during the third quarter valued at about $41,000. Finally, New York State Teachers Retirement System purchased a new stake in Allient during the third quarter worth about $58,000. 61.57% of the stock is currently owned by institutional investors.

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.