Stanley Laman Group Ltd. Takes Position in Allied Motion Technologies, Inc. (AMOT)

Share on StockTwits

Stanley Laman Group Ltd. purchased a new stake in shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 14,228 shares of the technology company’s stock, valued at approximately $774,000. Stanley Laman Group Ltd. owned about 0.15% of Allied Motion Technologies at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AMOT. Cubist Systematic Strategies LLC acquired a new stake in Allied Motion Technologies during the 2nd quarter valued at $206,000. Peapack Gladstone Financial Corp acquired a new stake in Allied Motion Technologies during the 2nd quarter valued at $215,000. Ramsey Quantitative Systems lifted its holdings in Allied Motion Technologies by 101.5% during the 2nd quarter. Ramsey Quantitative Systems now owns 4,957 shares of the technology company’s stock valued at $237,000 after purchasing an additional 2,497 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Allied Motion Technologies during the 2nd quarter valued at $262,000. Finally, Rhumbline Advisers lifted its holdings in Allied Motion Technologies by 20.7% during the 2nd quarter. Rhumbline Advisers now owns 6,813 shares of the technology company’s stock valued at $326,000 after purchasing an additional 1,168 shares during the last quarter. 47.70% of the stock is owned by institutional investors and hedge funds.

AMOT opened at $42.35 on Wednesday. Allied Motion Technologies, Inc. has a fifty-two week low of $27.74 and a fifty-two week high of $55.47. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.67 and a quick ratio of 1.59. The firm has a market cap of $380.05 million, a PE ratio of 34.71, a PEG ratio of 3.53 and a beta of 2.13.

Allied Motion Technologies (NASDAQ:AMOT) last posted its earnings results on Thursday, August 2nd. The technology company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.07. Allied Motion Technologies had a return on equity of 16.27% and a net margin of 4.04%. The company had revenue of $79.98 million during the quarter. On average, sell-side analysts predict that Allied Motion Technologies, Inc. will post 1.67 EPS for the current year.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Allied Motion Technologies from a “hold” rating to a “sell” rating in a report on Friday, August 10th. BidaskClub raised Allied Motion Technologies from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 18th. Finally, Dougherty & Co raised Allied Motion Technologies from a “neutral” rating to a “buy” rating in a report on Monday. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. Allied Motion Technologies presently has an average rating of “Hold” and a consensus target price of $53.00.

About Allied Motion Technologies

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.

Featured Story: Intrinsic Value

Want to see what other hedge funds are holding AMOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allied Motion Technologies, Inc. (NASDAQ:AMOT).

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

Receive News & Ratings for Allied Motion Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Motion Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply