Peapack Gladstone Financial Corp purchased a new position in shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,500 shares of the technology company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new stake in Allied Motion Technologies during the first quarter worth $130,000. Ramsey Quantitative Systems boosted its stake in Allied Motion Technologies by 101.5% during the second quarter. Ramsey Quantitative Systems now owns 4,957 shares of the technology company’s stock worth $237,000 after buying an additional 2,497 shares in the last quarter. Prudential Financial Inc. acquired a new stake in Allied Motion Technologies during the first quarter worth $207,000. Highbridge Capital Management LLC acquired a new stake in Allied Motion Technologies during the first quarter worth $215,000. Finally, Citadel Advisors LLC acquired a new stake in Allied Motion Technologies during the first quarter worth $216,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Shares of NASDAQ:AMOT opened at $48.89 on Friday. Allied Motion Technologies, Inc. has a 52 week low of $23.25 and a 52 week high of $51.80. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 2.67. The firm has a market capitalization of $461.91 million, a PE ratio of 40.07, a PEG ratio of 4.17 and a beta of 1.85.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 29th. Stockholders of record on Thursday, August 16th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $0.12 annualized dividend and a dividend yield of 0.25%. Allied Motion Technologies’s dividend payout ratio is presently 9.84%.

A number of equities research analysts have weighed in on AMOT shares. TheStreet upgraded shares of Allied Motion Technologies from a “c+” rating to a “b+” rating in a research note on Wednesday, May 30th. ValuEngine upgraded shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. BidaskClub downgraded shares of Allied Motion Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 19th. Finally, Zacks Investment Research upgraded shares of Allied Motion Technologies from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Thursday, May 24th.

Allied Motion Technologies Profile

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

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