Walleye Capital LLC Takes $2.72 Million Position in AstroNova, Inc. $ALOT

Walleye Capital LLC bought a new stake in AstroNova, Inc. (NASDAQ:ALOT) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 95,650 shares of the business services provider’s stock, valued at approximately $2,723,000. Walleye Capital LLC owned 1.22% of AstroNova as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Marquette Asset Management LLC acquired a new position in AstroNova during the second quarter worth approximately $542,000. Renaissance Technologies LLC boosted its holdings in shares of AstroNova by 9.8% in the first quarter. Renaissance Technologies LLC now owns 113,940 shares of the business services provider’s stock valued at $1,047,000 after acquiring an additional 10,191 shares during the period. DRW Securities LLC acquired a new stake in shares of AstroNova in the fourth quarter valued at approximately $125,000. Geode Capital Management LLC boosted its holdings in shares of AstroNova by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 80,663 shares of the business services provider’s stock valued at $698,000 after acquiring an additional 2,179 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in shares of AstroNova during the third quarter worth approximately $143,000. Hedge funds and other institutional investors own 43.02% of the company’s stock.

AstroNova Stock Up 0.0%

ALOT opened at $28.91 on Friday. AstroNova, Inc. has a 52 week low of $6.96 and a 52 week high of $28.99. The business has a 50 day moving average price of $26.94 and a two-hundred day moving average price of $16.73. The company has a quick ratio of 0.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. The company has a market cap of $226.68 million, a PE ratio of -160.60 and a beta of 0.85.

AstroNova (NASDAQ:ALOT) last announced its earnings results on Monday, June 8th. The business services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.14. AstroNova had a positive return on equity of 2.94% and a negative net margin of 0.88%.The company had revenue of $39.36 million for the quarter, compared to the consensus estimate of $30.67 million. During the same period last year, the business posted ($0.05) EPS.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AstroNova in a report on Friday, July 17th. Wall Street Zen upgraded shares of AstroNova from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

AstroNova Company Profile

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.