Royal Bank of Canada Sells 2,086 Shares of Allied Motion Technologies, Inc. (AMOT)

Royal Bank of Canada trimmed its stake in Allied Motion Technologies, Inc. (NASDAQ:AMOT) by 4.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,980 shares of the technology company’s stock after selling 2,086 shares during the period. Royal Bank of Canada owned 0.49% of Allied Motion Technologies worth $1,252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nationwide Fund Advisors raised its position in shares of Allied Motion Technologies by 11.8% in the 2nd quarter. Nationwide Fund Advisors now owns 4,778 shares of the technology company’s stock worth $130,000 after acquiring an additional 505 shares in the last quarter. Strs Ohio increased its position in Allied Motion Technologies by 5.9% during the 2nd quarter. Strs Ohio now owns 7,200 shares of the technology company’s stock valued at $195,000 after buying an additional 400 shares in the last quarter. Citigroup Inc. increased its position in Allied Motion Technologies by 130.8% during the 2nd quarter. Citigroup Inc. now owns 7,449 shares of the technology company’s stock valued at $203,000 after buying an additional 4,222 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in Allied Motion Technologies during the 2nd quarter valued at about $207,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in Allied Motion Technologies during the 2nd quarter valued at about $218,000. 41.42% of the stock is owned by hedge funds and other institutional investors.

AMOT has been the topic of several recent analyst reports. Zacks Investment Research lowered Allied Motion Technologies from a “hold” rating to a “strong sell” rating in a research report on Friday, August 18th. BidaskClub raised Allied Motion Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, TheStreet lowered Allied Motion Technologies from a “b” rating to a “c+” rating in a research report on Tuesday, August 8th.

ILLEGAL ACTIVITY NOTICE: “Royal Bank of Canada Sells 2,086 Shares of Allied Motion Technologies, Inc. (AMOT)” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.com-unik.info/2017/11/03/royal-bank-of-canada-sells-2086-shares-of-allied-motion-technologies-inc-amot.html.

Allied Motion Technologies (NASDAQ:AMOT) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.07). Allied Motion Technologies had a net margin of 3.57% and a return on equity of 11.27%. The business had revenue of $60.34 million during the quarter, compared to analyst estimates of $62.17 million.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Thursday, November 16th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Wednesday, November 15th. Allied Motion Technologies’s dividend payout ratio is presently 10.64%.

Allied Motion Technologies Company Profile

Allied Motion Technologies Inc designs, manufactures and sells precision and specialty motion control components and systems used in a range of industries. The Company serves various markets, including vehicle, medical, aerospace and defense, electronics and industrial. It focuses on motion control applications.

Want to see what other hedge funds are holding AMOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allied Motion Technologies, Inc. (NASDAQ:AMOT).

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

What are top analysts saying about Allied Motion Technologies Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Allied Motion Technologies Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit