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Allient Inc. (NASDAQ:ALNT) Chief Financial Officer Michael R. Leach recently sold shares of the company's common stock, according to the company's latest filing with the Securities and Exchange Commission. The transaction, which took place on March 13, involved the sale of 5,000 shares at a weighted average price of $32.993 per share, for total transaction value of approximately $164,965.
The sale price was $32.9281-$33.135. This information is disclosed in a footnote to the application, which also indicates that the reported price is a weighted average. The specific number of shares to be sold at each price within this range will be available upon request from Allient Inc., its securityholders or the SEC staff.
Following this sale, Leach still retains a significant stake in the company, with 87,089 shares of Allient Inc.'s common stock directly held. In addition, he has 2,242 shares that are indirectly owned through an ESOP trust, as described in the non-derivative holdings section of the SEC filing.
Allient Inc. is a manufacturer of equipment for measuring and testing electricity and electrical signals and is headquartered in Amherst, New York. The company, formerly known as Allied Motion Technologies (NASDAQ:) Inc., has gone through several name changes throughout its history, but its roots can be traced back to Hathaway Instruments Inc.
Investors often monitor insider transactions as it can give them an idea of management's confidence in the company's prospects. Mr. Leach's sale is a notable event, given his role as CFO and the size of the deal. Allient Inc. shareholders and potential investors will likely be closely monitoring any future insider transactions for any signs of the company's financial health and future direction.
Investment Pro Insights
As market watchers assess the recent insider selling by Allient Inc.'s CFO Michael R. Leach, they may find further context in the company's current financial metrics and analyst expectations. Allient Inc. (NASDAQ: ALNT) has a market capitalization of $546.42 million, indicating the company's position in the mid-cap segment of the market that attracts investors looking for a combination of stability and growth potential. .
The company's P/E ratio of 21.61 suggests that the stock may be trading at a reasonable valuation when compared to near-term earnings growth. This is highlighted by the trailing-twelve-month PEG ratio of 0.63 as of Q4 2023, indicating that the stock is potentially undervalued relative to its earnings growth trajectory. There is a possibility that there are. ALNT has delivered solid revenue growth of 15.04% over the past 12 months, which reflects the strength of its underlying business, even though some analysts have revised down their revenue estimates for next fiscal year. It may be reflected.
From an investment perspective, Allient Inc. returned a strong total price return of 16.03% over the last month, which may be of interest to investors looking for recent positive momentum. Furthermore, as a sign of its financial health and shareholder-friendly approach, the company has not only maintained but also increased its dividend for his 14th consecutive year, with the most recent dividend growth rate being 20.0%.
For those seeking further insight and analysis, Allient Inc. provides additional information, including the company's liquidity position, where liquid assets exceed short-term debt, and stock price volatility, which risk-averse investors should consider. InvestingPro offers tips. There are currently nine additional InvestingPro Tips available for Allient Inc. that allow you to dig deeper into the company's financial health and market performance. Interested investors can access these insights and receive an additional 10% off annual or biennial Pro and Pro+ subscriptions using a coupon code. pro news 24.
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