Harold Schofield Sells 4,000 Shares of AstroNova Inc (ALOT) Stock

AstroNova Inc (NASDAQ:ALOT) Director Harold Schofield sold 4,000 shares of the stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $22.13, for a total transaction of $88,520.00. Following the sale, the director now owns 17,149 shares of the company’s stock, valued at approximately $379,507.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of ALOT opened at $22.45 on Friday. AstroNova Inc has a fifty-two week low of $11.00 and a fifty-two week high of $23.95. The stock has a market cap of $153.02 million, a PE ratio of 35.63, a price-to-earnings-growth ratio of 3.92 and a beta of -0.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.63 and a quick ratio of 1.39.

AstroNova (NASDAQ:ALOT) last announced its earnings results on Wednesday, August 22nd. The business services provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. AstroNova had a net margin of 3.20% and a return on equity of 8.08%. The business had revenue of $33.81 million during the quarter. sell-side analysts anticipate that AstroNova Inc will post 0.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, September 14th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.28 annualized dividend and a dividend yield of 1.25%. AstroNova’s dividend payout ratio (DPR) is 44.44%.

Separately, Dougherty & Co assumed coverage on shares of AstroNova in a research note on Wednesday, June 13th. They set a “buy” rating for the company.

Institutional investors and hedge funds have recently made changes to their positions in the company. EAM Investors LLC acquired a new stake in shares of AstroNova during the second quarter worth about $708,000. Mesirow Financial Investment Management Inc. acquired a new stake in AstroNova in the second quarter valued at about $356,000. Punch & Associates Investment Management Inc. lifted its position in AstroNova by 2.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 356,960 shares of the business services provider’s stock valued at $5,533,000 after purchasing an additional 7,740 shares during the period. Royce & Associates LP lifted its position in AstroNova by 18.2% in the second quarter. Royce & Associates LP now owns 64,900 shares of the business services provider’s stock valued at $1,223,000 after purchasing an additional 10,000 shares during the period. Finally, Boston Partners acquired a new stake in AstroNova in the second quarter valued at about $541,000. Institutional investors and hedge funds own 58.16% of the company’s stock.

AstroNova Company Profile

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Canada, Asia, Europe, Central and South America, and internationally. The company operates through two segments, Product Identification and Test & Measurement (T&M).

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