Dimensional Fund Advisors LP Grows Stake in AstroNova Inc (NASDAQ:ALOT)
Dimensional Fund Advisors LP increased its stake in shares of AstroNova Inc (NASDAQ:ALOT) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 566,023 shares of the business services provider’s stock after purchasing an additional 7,917 shares during the period. Dimensional Fund Advisors LP owned approximately 0.08% of AstroNova worth $10,613,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALOT. Geode Capital Management LLC raised its holdings in shares of AstroNova by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 46,934 shares of the business services provider’s stock valued at $880,000 after purchasing an additional 930 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of AstroNova by 8.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,403 shares of the business services provider’s stock worth $289,000 after acquiring an additional 1,175 shares during the last quarter. Quantum Capital Management acquired a new stake in shares of AstroNova in the 4th quarter worth about $1,019,000. Boston Partners acquired a new stake in shares of AstroNova in the 4th quarter worth about $1,023,000. Finally, Vanguard Group Inc. raised its holdings in shares of AstroNova by 8.7% in the 3rd quarter. Vanguard Group Inc. now owns 289,238 shares of the business services provider’s stock worth $6,248,000 after acquiring an additional 23,155 shares during the last quarter. 59.05% of the stock is owned by hedge funds and other institutional investors.
ALOT opened at $25.67 on Wednesday. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 0.18. AstroNova Inc has a fifty-two week low of $16.74 and a fifty-two week high of $27.96. The stock has a market capitalization of $182.63 million, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 2.42 and a beta of 0.26.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 17th will be issued a $0.07 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.09%. AstroNova’s dividend payout ratio is presently 34.15%.
ALOT has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of AstroNova from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Friday, March 8th. ValuEngine lowered shares of AstroNova from a “buy” rating to a “hold” rating in a report on Monday, April 1st.
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AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Canada, Asia, Europe, Central and South America, and internationally. The company operates through two segments, Product Identification and Test & Measurement (T&M).
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