Allied Motion Technologies, Inc. (NASDAQ:AMOT) - Research analysts at Dougherty & Co issued their Q3 2017 EPS estimates for shares of Allied Motion Technologies in a note issued to investors on Thursday. Dougherty & Co analyst R. Ryan forecasts that the technology company will post earnings of $0.31 per share for the quarter. Dougherty & Co also issued estimates for Allied Motion Technologies’ FY2017 earnings at $1.09 EPS.
AMOT has been the subject of a number of other reports. Zacks Investment Research upgraded Allied Motion Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. TheStreet lowered Allied Motion Technologies from a “b” rating to a “c+” rating in a research report on Tuesday, August 8th. Finally, BidaskClub upgraded Allied Motion Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th.
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Shares of Allied Motion Technologies (NASDAQ AMOT) opened at 24.48 on Monday. The company has a market capitalization of $231.38 million, a price-to-earnings ratio of 26.38 and a beta of 1.88. Allied Motion Technologies has a 1-year low of $15.54 and a 1-year high of $30.31. The stock has a 50 day moving average price of $27.12 and a 200 day moving average price of $24.64.
Allied Motion Technologies (NASDAQ:AMOT) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.07. The company had revenue of $60.34 million during the quarter, compared to the consensus estimate of $62.17 million. Allied Motion Technologies had a net margin of 3.41% and a return on equity of 10.65%.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Thursday, August 17th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Tuesday, August 15th. Allied Motion Technologies’s dividend payout ratio is presently 11.36%.
In related news, Director Richard D. /Co/ Smith sold 3,016 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $27.85, for a total value of $83,995.60. Following the transaction, the director now directly owns 47,429 shares in the company, valued at $1,320,897.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard D. /Co/ Smith sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $25.69, for a total value of $128,450.00. Following the completion of the transaction, the director now owns 47,429 shares in the company, valued at $1,218,451.01. The disclosure for this sale can be found here. Insiders sold 18,916 shares of company stock worth $490,973 over the last quarter. 30.80% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMOT. Schwab Charles Investment Management Inc. acquired a new position in Allied Motion Technologies during the second quarter worth approximately $218,000. Algert Global LLC boosted its position in Allied Motion Technologies by 15.3% in the second quarter. Algert Global LLC now owns 69,560 shares of the technology company’s stock worth $1,893,000 after buying an additional 9,248 shares in the last quarter. Strs Ohio boosted its position in Allied Motion Technologies by 5.9% in the second quarter. Strs Ohio now owns 7,200 shares of the technology company’s stock worth $195,000 after buying an additional 400 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Allied Motion Technologies by 17.5% in the second quarter. Russell Investments Group Ltd. now owns 165,408 shares of the technology company’s stock worth $4,502,000 after buying an additional 24,623 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Allied Motion Technologies by 23.0% in the first quarter. Renaissance Technologies LLC now owns 84,400 shares of the technology company’s stock worth $1,696,000 after buying an additional 15,800 shares in the last quarter. Hedge funds and other institutional investors own 39.42% of the company’s stock.
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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