Confluence Investment Management LLC reduced its stake in shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 152,514 shares of the technology company’s stock after selling 1,783 shares during the period. Confluence Investment Management LLC owned 1.59% of Allied Motion Technologies worth $5,385,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in AMOT. Marshall Wace LLP bought a new position in shares of Allied Motion Technologies in the 1st quarter worth about $29,000. Marshall Wace North America L.P. acquired a new stake in shares of Allied Motion Technologies in the 1st quarter valued at about $153,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Allied Motion Technologies in the 2nd quarter valued at about $202,000. Wilen Investment Management CORP. acquired a new stake in shares of Allied Motion Technologies in the 2nd quarter valued at about $203,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Allied Motion Technologies in the 2nd quarter valued at about $280,000. 49.55% of the stock is owned by institutional investors and hedge funds.
AMOT stock opened at $34.87 on Thursday. The company has a market capitalization of $325.63 million, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.47 and a current ratio of 2.63. Allied Motion Technologies, Inc. has a 52-week low of $30.98 and a 52-week high of $52.20. The business has a 50-day simple moving average of $35.28 and a two-hundred day simple moving average of $36.02.
In other Allied Motion Technologies news, Director Richard D. /Co/ Smith sold 5,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $38.00, for a total transaction of $190,000.00. Following the sale, the director now owns 1,887 shares of the company’s stock, valued at approximately $71,706. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 23.10% of the company’s stock.
AMOT has been the subject of a number of analyst reports. BidaskClub downgraded Allied Motion Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, October 8th. ValuEngine upgraded Allied Motion Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 6th. Finally, Zacks Investment Research upgraded Allied Motion Technologies from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $57.00.
Allied Motion Technologies Profile
Allied Motion Technologies, Inc designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.
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