AstroNova Inc (NASDAQ:ALOT) Short Interest Update

AstroNova Inc (NASDAQ:ALOT) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 22,900 shares, an increase of 5.5% from the May 15th total of 21,700 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 42,000 shares, the short-interest ratio is presently 0.5 days.

Shares of AstroNova stock traded down $0.10 on Friday, reaching $24.54. 33,303 shares of the company were exchanged, compared to its average volume of 85,026. AstroNova has a 1-year low of $16.74 and a 1-year high of $27.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 2.73. The stock has a market capitalization of $171.98 million, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 2.27 and a beta of 0.25. The stock has a 50-day moving average price of $25.67.

AstroNova (NASDAQ:ALOT) last posted its earnings results on Wednesday, June 5th. The business services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. AstroNova had a return on equity of 9.75% and a net margin of 4.68%. The firm had revenue of $36.18 million for the quarter. Research analysts forecast that AstroNova will post 0.9 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 17th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Friday, June 14th. AstroNova’s dividend payout ratio is currently 34.15%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Navellier & Associates Inc increased its position in AstroNova by 16.6% in the 2nd quarter. Navellier & Associates Inc now owns 28,200 shares of the business services provider’s stock valued at $729,000 after acquiring an additional 4,022 shares during the period. Corrado Advisors LLC bought a new position in AstroNova during the 2nd quarter valued at $196,000. Punch & Associates Investment Management Inc. boosted its stake in AstroNova by 7.5% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 414,720 shares of the business services provider’s stock valued at $8,456,000 after purchasing an additional 28,760 shares in the last quarter. Royce & Associates LP boosted its stake in AstroNova by 1.4% during the 1st quarter. Royce & Associates LP now owns 93,400 shares of the business services provider’s stock valued at $1,904,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Quantum Capital Management boosted its stake in AstroNova by 13.9% during the 1st quarter. Quantum Capital Management now owns 61,939 shares of the business services provider’s stock valued at $1,263,000 after purchasing an additional 7,579 shares in the last quarter. Hedge funds and other institutional investors own 58.97% of the company’s stock.

A number of brokerages have recently weighed in on ALOT. Zacks Investment Research upgraded Grana y Montero SAA from a “sell” rating to a “hold” rating in a research report on Monday, June 10th. ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st.

AstroNova Company Profile

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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