Michas Alexis P Owns 6.5% Stake in Allied Motion Technologies, Inc. (AMOT)

Michas Alexis P

recently revealed that they own a 6.5% stake in Allied Motion Technologies, Inc. (NASDAQ:AMOT) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Monday, November 20th. The investor owns 612,264 shares of the stock worth approximately $19,874,089. The reporting parties listed on the disclosure included Juniper Targeted Opportunity Fund, LP, Juniper HF Investors II, LLC, Juniper Investment Company, LLC, Alexis P Michas and John A Bartholdson. The filing is available through EDGAR at this link.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nationwide Fund Advisors increased its stake in shares of Allied Motion Technologies by 11.8% during the second quarter. Nationwide Fund Advisors now owns 4,778 shares of the technology company’s stock valued at $130,000 after purchasing an additional 505 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Allied Motion Technologies by 7.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,144 shares of the technology company’s stock valued at $167,000 after buying an additional 401 shares during the last quarter. Strs Ohio grew its holdings in shares of Allied Motion Technologies by 5.9% during the second quarter. Strs Ohio now owns 7,200 shares of the technology company’s stock valued at $195,000 after buying an additional 400 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Allied Motion Technologies by 130.8% during the second quarter. Citigroup Inc. now owns 7,449 shares of the technology company’s stock valued at $203,000 after buying an additional 4,222 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Allied Motion Technologies by 74.6% during the third quarter. Wells Fargo & Company MN now owns 7,520 shares of the technology company’s stock valued at $191,000 after buying an additional 3,213 shares during the last quarter. 41.68% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently commented on AMOT. Zacks Investment Research cut shares of Allied Motion Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, August 18th. TheStreet cut shares of Allied Motion Technologies from a “b” rating to a “c+” rating in a report on Tuesday, August 8th.

Allied Motion Technologies, Inc. (NASDAQ AMOT) traded up $0.46 during trading hours on Monday, hitting $32.46. 36,117 shares of the stock were exchanged, compared to its average volume of 30,813. Allied Motion Technologies, Inc. has a 1 year low of $19.09 and a 1 year high of $34.83. The company has a current ratio of 2.80, a quick ratio of 1.76 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $302.49, a PE ratio of 34.04, a price-to-earnings-growth ratio of 1.83 and a beta of 1.91.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Thursday, November 16th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Wednesday, November 15th. Allied Motion Technologies’s dividend payout ratio is currently 10.64%.

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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.

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

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