Marquette Asset Management LLC Takes Position in AstroNova, Inc. $ALOT

Marquette Asset Management LLC purchased a new stake in AstroNova, Inc. (NASDAQ:ALOT) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 19,022 shares of the business services provider’s stock, valued at approximately $542,000. Marquette Asset Management LLC owned about 0.25% of AstroNova at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALOT. DRW Securities LLC bought a new stake in AstroNova during the fourth quarter worth approximately $125,000. Susquehanna International Group LLP bought a new stake in shares of AstroNova in the 3rd quarter valued at approximately $143,000. Jane Street Group LLC purchased a new position in shares of AstroNova in the 2nd quarter worth approximately $140,000. Renaissance Technologies LLC boosted its holdings in shares of AstroNova by 9.8% in the 1st quarter. Renaissance Technologies LLC now owns 113,940 shares of the business services provider’s stock worth $1,047,000 after purchasing an additional 10,191 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of AstroNova by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 352,131 shares of the business services provider’s stock valued at $3,606,000 after purchasing an additional 9,533 shares during the last quarter. Hedge funds and other institutional investors own 43.02% of the company’s stock.

Analyst Upgrades and Downgrades

ALOT has been the topic of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of AstroNova in a report on Friday, July 17th. Wall Street Zen raised shares of AstroNova from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, AstroNova currently has a consensus rating of “Sell”.

AstroNova Price Performance

ALOT opened at $28.88 on Tuesday. The business has a fifty day moving average of $25.83 and a 200 day moving average of $16.24. AstroNova, Inc. has a 52-week low of $6.96 and a 52-week high of $28.99. The company has a quick ratio of 0.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. The stock has a market cap of $226.42 million, a P/E ratio of -160.44 and a beta of 0.85.

AstroNova (NASDAQ:ALOT) last announced its quarterly earnings data on Monday, June 8th. The business services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. AstroNova had a positive return on equity of 2.94% and a negative net margin of 0.88%.The company had revenue of $39.36 million for the quarter, compared to the consensus estimate of $30.67 million. During the same quarter in the prior year, the company posted ($0.05) EPS.

AstroNova Company Profile

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.