Diamond Hill Capital Management LLC Investment Advisor Takes Position in AstroNova, Inc. $ALOT

Diamond Hill Capital Management LLC Investment Advisor acquired a new position in AstroNova, Inc. (NASDAQ:ALOT) during the second quarter, Holdings Channel reports. The institutional investor acquired 35,704 shares of the business services provider’s stock, valued at approximately $1,016,000.

Several other large investors have also made changes to their positions in ALOT. Geode Capital Management LLC boosted its stake in AstroNova by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock valued at $859,000 after purchasing an additional 1,036 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of AstroNova by 1.2% during the fourth quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider’s stock worth $897,000 after buying an additional 1,207 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of AstroNova by 2.8% during the third quarter. Vanguard Group Inc. now owns 352,131 shares of the business services provider’s stock worth $3,606,000 after buying an additional 9,533 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of AstroNova in the second quarter valued at approximately $140,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of AstroNova in the third quarter worth $143,000. Institutional investors and hedge funds own 43.02% of the company’s stock.

Analysts Set New Price Targets

ALOT has been the topic of a number of research reports. Wall Street Zen raised shares of AstroNova from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of AstroNova in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

AstroNova Trading Down 0.1%

Shares of ALOT stock opened at $28.89 on Tuesday. The stock has a market cap of $226.50 million, a price-to-earnings ratio of -160.49 and a beta of 0.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.73 and a current ratio of 1.76. AstroNova, Inc. has a 52-week low of $6.96 and a 52-week high of $28.99. The firm has a fifty day moving average of $27.20 and a 200-day moving average of $16.92.

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

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.