Allied Motion Technologies, Inc. to Issue Quarterly Dividend of $0.03 (AMOT)
Allied Motion Technologies, Inc. (NASDAQ:AMOT) declared a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Thursday, November 16th will be paid a dividend of 0.025 per share by the technology company on Wednesday, November 29th. This represents a $0.10 annualized dividend and a yield of 0.35%. The ex-dividend date is Wednesday, November 15th.
Allied Motion Technologies (NASDAQ:AMOT) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.07). The company had revenue of $60.34 million for the quarter, compared to analysts’ expectations of $62.17 million. Allied Motion Technologies had a net margin of 3.41% and a return on equity of 10.65%.
An institutional investor recently raised its position in Allied Motion Technologies stock. The Manufacturers Life Insurance Company lifted its holdings in Allied Motion Technologies, Inc. (NASDAQ:AMOT) by 7.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,144 shares of the technology company’s stock after buying an additional 401 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of Allied Motion Technologies worth $167,000 as of its most recent SEC filing. 41.42% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have issued reports on the stock. TheStreet downgraded shares of Allied Motion Technologies from a “b” rating to a “c+” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded shares of Allied Motion Technologies from a “hold” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, BidaskClub raised shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th.
Allied Motion Technologies Company Profile
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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