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.
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.
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