Punch & Associates Investment Management Inc. Has $3.33 Million Holdings in AstroNova, Inc. (ALOT)
Punch & Associates Investment Management Inc. grew its position in AstroNova, Inc. (NASDAQ:ALOT) by 83.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 257,860 shares of the business services provider’s stock after purchasing an additional 117,624 shares during the period. Punch & Associates Investment Management Inc. owned about 3.83% of AstroNova worth $3,326,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of AstroNova by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 514,730 shares of the business services provider’s stock worth $6,743,000 after purchasing an additional 5,599 shares in the last quarter. Vanguard Group Inc. increased its position in shares of AstroNova by 22.7% in the 2nd quarter. Vanguard Group Inc. now owns 350,261 shares of the business services provider’s stock valued at $4,588,000 after buying an additional 64,800 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of AstroNova by 8.8% in the 2nd quarter. New York State Common Retirement Fund now owns 146,572 shares of the business services provider’s stock valued at $1,920,000 after buying an additional 11,799 shares in the last quarter. MML Investors Services LLC increased its position in shares of AstroNova by 0.5% in the 2nd quarter. MML Investors Services LLC now owns 51,654 shares of the business services provider’s stock valued at $666,000 after buying an additional 267 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of AstroNova by 8.9% in the 2nd quarter. Northern Trust Corp now owns 30,432 shares of the business services provider’s stock valued at $393,000 after buying an additional 2,478 shares in the last quarter. 54.26% of the stock is currently owned by institutional investors.
In other news, Director Everett V. Pizzuti sold 5,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $13.79, for a total value of $68,950.00. Following the transaction, the director now directly owns 101,955 shares of the company’s stock, valued at approximately $1,405,959.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 35,000 shares of company stock valued at $479,500. Corporate insiders own 14.50% of the company’s stock.
Shares of AstroNova, Inc. (NASDAQ ALOT) traded up 0.38% during mid-day trading on Wednesday, reaching $13.05. The company had a trading volume of 3,527 shares. The stock has a 50 day moving average of $13.32 and a 200-day moving average of $13.94. The firm has a market capitalization of $87.98 million, a price-to-earnings ratio of 30.92 and a beta of -0.04. AstroNova, Inc. has a one year low of $12.50 and a one year high of $15.65.
AstroNova (NASDAQ:ALOT) last announced its earnings results on Wednesday, August 23rd. The business services provider reported $0.11 earnings per share for the quarter. The business had revenue of $27.48 million during the quarter. AstroNova had a net margin of 3.13% and a return on equity of 4.64%. Equities analysts predict that AstroNova, Inc. will post $1.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 15th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Thursday, September 14th. AstroNova’s dividend payout ratio (DPR) is presently 65.12%.
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.
Receive News & Ratings for AstroNova Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AstroNova Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.