6,539 Shares in Allied Motion Technologies Inc. (NASDAQ:AMOT) Acquired by Connor Clark & Lunn Investment Management Ltd.
Connor Clark & Lunn Investment Management Ltd. bought a new position in Allied Motion Technologies Inc. (NASDAQ:AMOT - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 6,539 shares of the technology company's stock, valued at approximately $253,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in Allied Motion Technologies by 194.9% during the first quarter. Tower Research Capital LLC TRC now owns 917 shares of the technology company's stock valued at $35,000 after buying an additional 606 shares during the last quarter. Shell Asset Management Co. purchased a new position in Allied Motion Technologies in the fourth quarter valued at about $44,000. Denali Advisors LLC lifted its holdings in shares of Allied Motion Technologies by 53.3% during the fourth quarter. Denali Advisors LLC now owns 2,300 shares of the technology company's stock worth $80,000 after purchasing an additional 800 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Allied Motion Technologies by 167.3% in the second quarter. BNP Paribas Arbitrage SA now owns 2,791 shares of the technology company's stock valued at $64,000 after buying an additional 1,747 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in Allied Motion Technologies by 13.0% in the 4th quarter. Lazard Asset Management LLC now owns 3,207 shares of the technology company's stock valued at $111,000 after buying an additional 369 shares in the last quarter. Hedge funds and other institutional investors own 61.22% of the company's stock.
Several analysts have recently commented on AMOT shares. StockNews.com cut Allied Motion Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday. TheStreet downgraded shares of Allied Motion Technologies from a "b-" rating to a "c+" rating in a research note on Wednesday, May 3rd.
Check Out Our Latest Report on AMOT
Shares of AMOT stock opened at $34.08 on Monday. The firm has a fifty day moving average of $37.04 and a 200-day moving average of $37.41. Allied Motion Technologies Inc. has a 12-month low of $25.14 and a 12-month high of $44.88. The company has a quick ratio of 1.40, a current ratio of 2.73 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $551.41 million, a price-to-earnings ratio of 23.50 and a beta of 1.53.
Allied Motion Technologies (NASDAQ:AMOT - Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $146.77 million during the quarter, compared to the consensus estimate of $145.83 million. Allied Motion Technologies had a net margin of 4.19% and a return on equity of 15.85%. On average, equities research analysts forecast that Allied Motion Technologies Inc. will post 2.13 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.12 annualized dividend and a yield of 0.35%. Allied Motion Technologies's payout ratio is currently 8.28%.
Allied Motion Technologies Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various industries worldwide. The company 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.
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