Allient Inc. (NASDAQ:ALNT) CFO Michael R. Leach Sells 5,000 Shares

Allient Inc. (NASDAQ:ALNTGet Free Report) CFO Michael R. Leach sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $34.25, for a total value of $171,250.00. Following the sale, the chief financial officer now owns 92,089 shares of the company’s stock, valued at approximately $3,154,048.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Allient Stock Performance

Shares of NASDAQ ALNT traded down $0.24 during midday trading on Monday, reaching $32.86. The company’s stock had a trading volume of 78,678 shares, compared to its average volume of 57,937. The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 0.87. Allient Inc. has a fifty-two week low of $25.12 and a fifty-two week high of $40.59. The stock’s 50 day moving average price is $28.85. The firm has a market cap of $545.15 million, a P/E ratio of 22.37 and a beta of 1.57.

Allient Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th will be given a $0.03 dividend. The ex-dividend date is Tuesday, March 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.37%. Allient’s payout ratio is 8.11%.

Institutional Investors Weigh In On Allient

A number of hedge funds and other institutional investors have recently made changes to their positions in ALNT. Fisher Asset Management LLC acquired a new position in Allient during the fourth quarter valued at approximately $1,003,000. Goldman Sachs Group Inc. acquired a new position in Allient during the fourth quarter valued at approximately $1,494,000. Finally, Vanguard Group Inc. acquired a new position in Allient during the fourth quarter valued at approximately $21,725,000. 61.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Northland Securities restated a “market perform” rating and set a $40.00 price objective (down previously from $45.00) on shares of Allient in a report on Thursday. Roth Mkm boosted their price objective on Allient from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday.

View Our Latest Research Report on ALNT

About Allient

(Get Free Report)

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.

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