Key Points
- VP Ashish Bendre sold 16,000 shares on Nov. 25 at an average price of $52.25 for total proceeds of $836,000, cutting his stake by 40.85% to 23,166 shares (SEC Form 4 filed).
- Allient declared a quarterly dividend of $0.03 per share (annualized $0.12), with an ex‑dividend/record date of Nov. 20 and payment on Dec. 4, implying a yield of about 0.2%.
- Analyst sentiment is mixed but favorable overall — average rating "Moderate Buy" with an average target of $50.33 — while the stock opened at $54.14, has a market cap of ~$917M, a P/E of 62.95, and a 1‑year range of $19.25–$58.13.
Allient Inc. (NASDAQ:ALNT - Get Free Report) VP Ashish Bendre sold 16,000 shares of the company's stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $52.25, for a total transaction of $836,000.00. Following the sale, the vice president directly owned 23,166 shares of the company's stock, valued at approximately $1,210,423.50. This trade represents a 40.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Allient Stock Performance
Shares of NASDAQ:ALNT opened at $54.14 on Thursday. The company's 50 day simple moving average is $49.87 and its 200 day simple moving average is $42.56. The stock has a market capitalization of $917.29 million, a price-to-earnings ratio of 62.95 and a beta of 1.51. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.74 and a quick ratio of 2.17. Allient Inc. has a 1 year low of $19.25 and a 1 year high of $58.13.
Allient Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. Allient's dividend payout ratio is 10.71%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on ALNT. JPMorgan Chase & Co. assumed coverage on shares of Allient in a report on Monday, October 20th. They set a "neutral" rating and a $60.00 price target on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Allient in a research note on Wednesday, October 8th. Roth Capital increased their price objective on Allient from $49.00 to $56.00 and gave the stock a "buy" rating in a research note on Friday, November 14th. Finally, Zacks Research raised Allient from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Allient presently has an average rating of "Moderate Buy" and an average target price of $50.33.
View Our Latest Stock Report on Allient
Institutional Trading of Allient
Institutional investors have recently modified their holdings of the business. American Century Companies Inc. boosted its position in shares of Allient by 27.9% in the first quarter. American Century Companies Inc. now owns 27,553 shares of the company's stock valued at $606,000 after acquiring an additional 6,002 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Allient in the 2nd quarter valued at $560,000. AIGH Capital Management LLC bought a new position in shares of Allient during the second quarter valued at about $7,262,000. Envestnet Asset Management Inc. grew its position in Allient by 26.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 104,988 shares of the company's stock worth $2,308,000 after acquiring an additional 22,098 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Allient by 1.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 450,279 shares of the company's stock worth $16,350,000 after purchasing an additional 7,944 shares during the last quarter. 61.57% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
