Assenagon Asset Management S.A. Buys Shares of 10,175 Allied Motion Technologies Inc. (NASDAQ:AMOT)

Assenagon Asset Management S.A. purchased a new position in shares of Allied Motion Technologies Inc. (NASDAQ:AMOT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,175 shares of the technology company's stock, valued at approximately $393,000. Assenagon Asset Management S.A. owned about 0.06% of Allied Motion Technologies as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMOT. Shell Asset Management Co. purchased a new position in Allied Motion Technologies during the 4th quarter valued at about $44,000. Denali Advisors LLC increased its position in Allied Motion Technologies by 53.3% during the fourth quarter. Denali Advisors LLC now owns 2,300 shares of the technology company's stock worth $80,000 after purchasing an additional 800 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Allied Motion Technologies by 167.3% in the second quarter. BNP Paribas Arbitrage SA now owns 2,791 shares of the technology company's stock valued at $64,000 after acquiring an additional 1,747 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Allied Motion Technologies by 13.0% in the 4th quarter. Lazard Asset Management LLC now owns 3,207 shares of the technology company's stock valued at $111,000 after purchasing an additional 369 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC raised its stake in shares of Allied Motion Technologies by 74.3% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 4,864 shares of the technology company's stock valued at $139,000 after acquiring an additional 2,073 shares during the period. Institutional investors and hedge funds own 61.22% of the company's stock.

Shares of AMOT opened at $37.56 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.78 and a quick ratio of 1.45. Allied Motion Technologies Inc. has a 12-month low of $23.21 and a 12-month high of $44.88. The business's fifty day moving average price is $36.95 and its 200 day moving average price is $37.86. The stock has a market capitalization of $607.72 million, a PE ratio of 28.45 and a beta of 1.53.

Allied Motion Technologies (NASDAQ:AMOT - Get Free Report) last issued its earnings results on Wednesday, May 3rd. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.10. Allied Motion Technologies had a net margin of 3.97% and a return on equity of 14.73%. The firm had revenue of $145.55 million for the quarter, compared to analysts' expectations of $136.43 million. Equities research analysts forecast that Allied Motion Technologies Inc. will post 2.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, May 17th. This is an increase from Allied Motion Technologies's previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a dividend yield of 0.32%. Allied Motion Technologies's payout ratio is currently 9.09%.

AMOT has been the subject of several recent research reports. Northland Securities raised shares of Allied Motion Technologies from a "market perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a research report on Wednesday, April 12th. TheStreet downgraded shares of Allied Motion Technologies from a "b-" rating to a "c+" rating in a research report on Wednesday, May 3rd. Finally, StockNews.com upgraded Allied Motion Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 2nd.

Allied Motion Technologies Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various industries worldwide. The company offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, optical encoders, active and passive filters, input/output modules, industrial communications gateways, light-weighting technologies, and other controlled motion-related products.

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