Ranger Investment Management L.P. Boosts Stake in Allied Motion Technologies Inc. (NASDAQ:AMOT)

Ranger Investment Management L.P. raised its holdings in shares of Allied Motion Technologies Inc. (NASDAQ:AMOT - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,322 shares of the technology company's stock after buying an additional 4,655 shares during the quarter. Ranger Investment Management L.P. owned about 1.08% of Allied Motion Technologies worth $6,738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. grew its position in Allied Motion Technologies by 2.9% during the third quarter. BlackRock Inc. now owns 786,437 shares of the technology company's stock worth $22,508,000 after buying an additional 22,419 shares in the last quarter. Vanguard Group Inc. grew its position in Allied Motion Technologies by 3.3% during the third quarter. Vanguard Group Inc. now owns 653,004 shares of the technology company's stock worth $18,689,000 after buying an additional 21,009 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Allied Motion Technologies by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 626,014 shares of the technology company's stock worth $21,792,000 after buying an additional 15,192 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Allied Motion Technologies by 1,253.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 264,937 shares of the technology company's stock worth $10,240,000 after buying an additional 245,368 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Allied Motion Technologies by 4.8% during the second quarter. Renaissance Technologies LLC now owns 261,622 shares of the technology company's stock worth $5,975,000 after buying an additional 11,900 shares in the last quarter. 61.22% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on AMOT. TheStreet lowered Allied Motion Technologies from a "b-" rating to a "c+" rating in a research note on Wednesday, May 3rd. Northland Securities raised Allied Motion Technologies from a "market perform" rating to an "outperform" rating and set a $45.00 target price for the company in a research note on Wednesday, April 12th. Finally, StockNews.com raised Allied Motion Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 2nd.

View Our Latest Research Report on AMOT

Shares of NASDAQ AMOT traded down $6.56 during midday trading on Thursday, reaching $32.97. The company had a trading volume of 237,461 shares, compared to its average volume of 58,682. Allied Motion Technologies Inc. has a one year low of $25.14 and a one year high of $44.88. The company has a quick ratio of 1.45, a current ratio of 2.78 and a debt-to-equity ratio of 1.03. The firm's fifty day moving average price is $38.17 and its 200-day moving average price is $38.12. The stock has a market cap of $533.45 million, a PE ratio of 26.27 and a beta of 1.53.

Allied Motion Technologies (NASDAQ:AMOT - Get Free Report) last released its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.10. The business had revenue of $145.55 million during the quarter, compared to analyst estimates of $136.43 million. Allied Motion Technologies had a return on equity of 14.73% and a net margin of 3.97%. On average, equities research analysts anticipate that Allied Motion Technologies Inc. will post 2.16 earnings per share for the current year.

Allied Motion Technologies Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various industries worldwide. The company offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, optical encoders, active and passive filters, input/output modules, industrial communications gateways, light-weighting technologies, and other controlled motion-related products.

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