Glazer Capital LLC Buys Shares of 449,920 AstroNova, Inc. $ALOT

Glazer Capital LLC bought a new stake in AstroNova, Inc. (NASDAQ:ALOT) during the second quarter, Holdings Channel.com reports. The firm bought 449,920 shares of the business services provider’s stock, valued at approximately $12,809,000. Glazer Capital LLC owned 0.06% of AstroNova at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Geode Capital Management LLC increased its position in shares of AstroNova by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock worth $859,000 after purchasing an additional 1,036 shares during the last quarter. Renaissance Technologies LLC boosted its stake in AstroNova by 1.2% during the fourth quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider’s stock worth $897,000 after buying an additional 1,207 shares during the period. Longfellow Investment Management Co. LLC purchased a new position in AstroNova during the second quarter worth about $78,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in AstroNova during the second quarter worth about $257,000. Finally, Vanguard Group Inc. raised its stake in shares of AstroNova by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 352,131 shares of the business services provider’s stock valued at $3,606,000 after acquiring an additional 9,533 shares during the period. Institutional investors and hedge funds own 43.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of AstroNova from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of AstroNova in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

AstroNova Price Performance

AstroNova stock opened at $28.99 on Friday. AstroNova, Inc. has a fifty-two week low of $6.96 and a fifty-two week high of $29.00. The stock has a 50-day simple moving average of $28.71 and a 200-day simple moving average of $18.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.73 and a current ratio of 1.76. The company has a market capitalization of $227.28 million, a P/E ratio of -161.05 and a beta of 0.85.

AstroNova (NASDAQ:ALOT) last posted its quarterly earnings results on Monday, June 8th. The business services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.14. AstroNova had a negative net margin of 0.88% and a positive return on equity of 2.94%. The company had revenue of $39.36 million for the quarter, compared to the consensus estimate of $30.67 million. During the same quarter last year, the firm posted ($0.05) earnings per share.

About AstroNova

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.