Vanguard Group Inc. increased its holdings in Allied Motion Technologies, Inc. (NASDAQ:AMOT) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 297,970 shares of the technology company’s stock after acquiring an additional 7,238 shares during the period. Vanguard Group Inc. owned about 3.15% of Allied Motion Technologies worth $8,111,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nationwide Fund Advisors boosted its holdings in Allied Motion Technologies by 11.8% in the 2nd quarter. Nationwide Fund Advisors now owns 4,778 shares of the technology company’s stock worth $130,000 after buying an additional 505 shares during the period. Strs Ohio boosted its holdings in Allied Motion Technologies by 5.9% in the 2nd quarter. Strs Ohio now owns 7,200 shares of the technology company’s stock valued at $195,000 after purchasing an additional 400 shares during the period. Citigroup Inc. boosted its holdings in Allied Motion Technologies by 130.8% in the 2nd quarter. Citigroup Inc. now owns 7,449 shares of the technology company’s stock valued at $203,000 after purchasing an additional 4,222 shares during the period. Schwab Charles Investment Management Inc. bought a new position in Allied Motion Technologies in the 2nd quarter valued at $218,000. Finally, Pitcairn Co. bought a new position in Allied Motion Technologies in the 2nd quarter valued at $231,000. Institutional investors own 41.38% of the company’s stock.
Several brokerages have commented on AMOT. Zacks Investment Research downgraded shares of Allied Motion Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, August 18th. BidaskClub cut shares of Allied Motion Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, TheStreet upgraded shares of Allied Motion Technologies from a “c+” rating to a “b” rating in a research report on Thursday, November 16th.
Allied Motion Technologies, Inc. (AMOT) traded down $0.17 during mid-day trading on Monday, hitting $31.81. 29,829 shares of the company’s stock were exchanged, compared to its average volume of 31,288. Allied Motion Technologies, Inc. has a 12-month low of $19.09 and a 12-month high of $34.83. The stock has a market capitalization of $299.04, a PE ratio of 34.02, a price-to-earnings-growth ratio of 1.83 and a beta of 1.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.80 and a quick ratio of 1.76.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Thursday, November 16th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Wednesday, November 15th. Allied Motion Technologies’s payout ratio is 9.71%.
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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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