EAM Global Investors LLC Takes $1.24 Million Position in Allied Motion Technologies, Inc. (AMOT)

EAM Global Investors LLC acquired a new stake in Allied Motion Technologies, Inc. (NASDAQ:AMOT) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,135 shares of the technology company’s stock, valued at approximately $1,238,000. EAM Global Investors LLC owned about 0.33% of Allied Motion Technologies as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMOT. Schwab Charles Investment Management Inc. increased its holdings in Allied Motion Technologies by 50.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 11,974 shares of the technology company’s stock valued at $397,000 after buying an additional 4,000 shares during the last quarter. First Trust Advisors LP bought a new stake in Allied Motion Technologies in the fourth quarter valued at about $207,000. Wells Fargo & Company MN increased its holdings in Allied Motion Technologies by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 10,994 shares of the technology company’s stock valued at $364,000 after buying an additional 3,474 shares during the last quarter. BlackRock Inc. increased its holdings in Allied Motion Technologies by 0.7% in the fourth quarter. BlackRock Inc. now owns 446,949 shares of the technology company’s stock valued at $14,790,000 after buying an additional 3,203 shares during the last quarter. Finally, ARK Investment Management LLC increased its holdings in Allied Motion Technologies by 24.9% in the fourth quarter. ARK Investment Management LLC now owns 36,578 shares of the technology company’s stock valued at $1,210,000 after buying an additional 7,303 shares during the last quarter. 49.34% of the stock is owned by hedge funds and other institutional investors.

AMOT has been the subject of several research analyst reports. TheStreet raised Allied Motion Technologies from a “c+” rating to a “b+” rating in a report on Wednesday, May 30th. Zacks Investment Research raised Allied Motion Technologies from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Thursday, May 24th. BidaskClub lowered Allied Motion Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, June 13th. Finally, ValuEngine raised Allied Motion Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd.

Shares of Allied Motion Technologies opened at $48.03 on Thursday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.55. The stock has a market capitalization of $458.73 million, a P/E ratio of 35.06, a PEG ratio of 4.04 and a beta of 1.89. Allied Motion Technologies, Inc. has a fifty-two week low of $22.78 and a fifty-two week high of $50.23.

Allied Motion Technologies (NASDAQ:AMOT) last posted its earnings results on Wednesday, May 2nd. The technology company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.15. The company had revenue of $76.58 million during the quarter. Allied Motion Technologies had a return on equity of 14.64% and a net margin of 3.58%. equities research analysts anticipate that Allied Motion Technologies, Inc. will post 1.71 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 30th. Stockholders of record on Thursday, May 17th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 16th. This is a positive change from Allied Motion Technologies’s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a dividend yield of 0.25%. Allied Motion Technologies’s dividend payout ratio is 9.84%.

Allied Motion Technologies Company Profile

Allied Motion Technologies, Inc designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.

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Institutional Ownership by Quarter for Allied Motion Technologies (NASDAQ:AMOT)

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