Allient Inc (NASDAQ:ALNT) Chief Financial Officer Michael R. Leach has sold a portion of his holdings in the company, according to a recent regulatory filing. The transaction, which took place on March 18, involved the sale of 5,000 shares of common stock at a price of $32.8735 per share, resulting in a total value of $164,367.
The sale has adjusted Leach's direct ownership in Allient Inc to 82,089 shares following the transaction. Additionally, it's noted that there are 2,242 shares held indirectly by the ESOP Trust, which are not part of the recent sale.
Investors often monitor insider transactions as they can provide insights into executives' confidence in the company's future performance. The sale by Allient's CFO may attract attention from the market, as it represents a significant change in his investment in the company.
Allient Inc, which operates under the industrial sector with a focus on instruments for measuring and testing of electricity and electronic signals, has undergone several name changes in its history, with its roots tracing back to Hathaway Instruments Inc.
The filing with the Securities and Exchange Commission was signed by Michael C. Donlon, Attorney-in-Fact for Michael R. Leach, and was dated March 20, 2024.
InvestingPro Insights
Following the news of Chief Financial Officer Michael R. Leach's sale of Allient Inc (NASDAQ:ALNT) shares, investors might be looking for further data points to gauge the company's financial health and future prospects. Here are some key metrics and insights from InvestingPro that could provide additional context:
Allient Inc currently holds a market capitalization of $557.54 million, which reflects its value as perceived by the market. The company's P/E ratio, a measure of its current share price relative to its per-share earnings, stands at 22.05, with an adjusted P/E ratio for the last twelve months as of Q4 2023 at 21.12. This relatively low P/E ratio in comparison to near-term earnings growth suggests that the company might be undervalued.
InvestingPro data also indicates a solid revenue growth of 15.04% over the last twelve months as of Q4 2023, which could be a sign of the company's ability to increase sales and market share. The company's gross profit margin during the same period was 31.74%, showing a healthy difference between the cost of goods sold and total sales.
From an investment standpoint, Allient Inc has shown a strong return over the last month, with a 1 Month Price Total Return of 15.69%. This performance, combined with the company's history of raising its dividend for 3 consecutive years and maintaining dividend payments for 14 consecutive years, could be appealing to income-focused investors.
For those interested in exploring more about Allient Inc, there are additional InvestingPro Tips available that delve deeper into the company's financials and forecasts. For instance, analysts have recently revised their earnings predictions downwards for the upcoming period, which could impact investment decisions. Furthermore, the company's stock price movements are noted to be quite volatile, which might appeal to certain types of investors.
To access these insights and more, consider using InvestingPro, which offers a comprehensive analysis of companies like Allient Inc. There are currently 9 additional InvestingPro Tips available for Allient, providing a more nuanced view of the company's financial standing and potential. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription for even more in-depth information and data.
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