Allied Motion Technologies, Inc. (AMOT) Director Richard D. /Co/ Smith Sells 7,000 Shares
Allied Motion Technologies, Inc. (NASDAQ:AMOT) Director Richard D. /Co/ Smith sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $25.90, for a total transaction of $181,300.00. Following the sale, the director now owns 47,429 shares in the company, valued at $1,228,411.10. The sale was disclosed in a filing with the SEC, which is available at this link.
Allied Motion Technologies, Inc. (AMOT) traded up 6.16% during mid-day trading on Thursday, reaching $26.73. 56,153 shares of the company were exchanged. Allied Motion Technologies, Inc. has a one year low of $15.54 and a one year high of $26.85. The stock has a market capitalization of $253.16 million, a price-to-earnings ratio of 25.68 and a beta of 2.04. The stock has a 50 day moving average of $24.01 and a 200-day moving average of $22.53.
Allied Motion Technologies (NASDAQ:AMOT) last announced its quarterly earnings results on Monday, March 13th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.11. Allied Motion Technologies had a return on equity of 11.83% and a net margin of 3.43%. The business had revenue of $55.34 million during the quarter, compared to the consensus estimate of $59.01 million. On average, equities analysts expect that Allied Motion Technologies, Inc. will post $1.30 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 18th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Tuesday, May 16th. Allied Motion Technologies’s dividend payout ratio (DPR) is 11.36%.
A number of hedge funds and other institutional investors have recently bought and sold shares of AMOT. Dimensional Fund Advisors LP boosted its position in Allied Motion Technologies by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 391,624 shares of the technology company’s stock worth $7,872,000 after buying an additional 28,050 shares during the period. Vanguard Group Inc. boosted its position in Allied Motion Technologies by 6.5% in the first quarter. Vanguard Group Inc. now owns 290,732 shares of the technology company’s stock worth $5,843,000 after buying an additional 17,790 shares during the period. ACK Asset Management LLC purchased a new position in Allied Motion Technologies during the first quarter worth $5,225,000. Russell Investments Group Ltd. purchased a new position in Allied Motion Technologies during the fourth quarter worth $3,250,000. Finally, Ancora Advisors LLC boosted its position in Allied Motion Technologies by 29.6% in the fourth quarter. Ancora Advisors LLC now owns 145,856 shares of the technology company’s stock worth $3,120,000 after buying an additional 33,345 shares during the period. Institutional investors and hedge funds own 39.63% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Allied Motion Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, March 16th.
About Allied Motion Technologies
Allied Motion Technologies Inc designs, manufactures and sells precision and specialty motion control components and systems used in a range of industries. The Company serves various markets, including vehicle, medical, aerospace and defense, electronics and industrial. It focuses on motion control applications.
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