AstroNova, Inc. (ALOT) Announces Earnings Results
AstroNova, Inc. (NASDAQ:ALOT) issued its quarterly earnings results on Wednesday. The business services provider reported $0.11 earnings per share for the quarter, Bloomberg Earnings reports. AstroNova had a net margin of 3.77% and a return on equity of 5.30%. The firm had revenue of $27.48 million during the quarter.
Shares of AstroNova (ALOT) traded down 0.72% during mid-day trading on Thursday, reaching $13.70. 1,455 shares of the company’s stock were exchanged. AstroNova has a 52-week low of $12.50 and a 52-week high of $16.00. The stock has a market cap of $92.19 million, a price-to-earnings ratio of 27.96 and a beta of -0.02. The stock’s 50-day moving average is $13.74 and its 200-day moving average is $14.01.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, September 14th. AstroNova’s dividend payout ratio (DPR) is presently 57.14%.
Separately, TheStreet raised shares of AstroNova from a “c+” rating to an “a-” rating in a report on Thursday, April 27th.
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In other AstroNova news, Director Everett V. Pizzuti sold 5,000 shares of AstroNova stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $13.82, for a total transaction of $69,100.00. Following the completion of the transaction, the director now owns 103,132 shares of the company’s stock, valued at approximately $1,425,284.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 25,000 shares of company stock valued at $344,350 in the last ninety days. Insiders own 14.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of ALOT. Balter Liquid Alternatives LLC bought a new position in AstroNova during the second quarter worth $365,000. Northern Trust Corp raised its position in AstroNova by 8.9% in the second quarter. Northern Trust Corp now owns 30,432 shares of the business services provider’s stock worth $393,000 after buying an additional 2,478 shares during the last quarter. MML Investors Services LLC raised its position in AstroNova by 0.5% in the second quarter. MML Investors Services LLC now owns 51,654 shares of the business services provider’s stock worth $666,000 after buying an additional 267 shares during the last quarter. New York State Common Retirement Fund raised its position in AstroNova by 8.8% in the second quarter. New York State Common Retirement Fund now owns 146,572 shares of the business services provider’s stock worth $1,920,000 after buying an additional 11,799 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. raised its position in AstroNova by 83.9% in the second quarter. Punch & Associates Investment Management Inc. now owns 257,860 shares of the business services provider’s stock worth $3,326,000 after buying an additional 117,624 shares during the last quarter. 54.33% of the stock is owned by institutional investors and hedge funds.
AstroNova Company Profile
AstroNova, Inc, formerly Astro-Med, Inc, designs, develops, manufactures and distributes a range of specialty printers, and data acquisition and analysis systems. The Company operates through two segments: QuickLabel and Test & Measurement (T&M). The Company offers both hardware and software, which incorporate technologies in order to acquire, store, analyze and present data in multiple formats.
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