AstroNova Inc (NASDAQ:ALOT) Short Interest Down 7.1% in December

AstroNova Inc (NASDAQ:ALOT) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 34,200 shares, a decline of 7.1% from the December 15th total of 36,800 shares. Based on an average daily volume of 34,300 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.5% of the company’s shares are short sold.

In other news, Director Yvonne Schlaeppi bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $14.16 per share, with a total value of $28,320.00. Following the transaction, the director now directly owns 8,622 shares in the company, valued at $122,087.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 7.80% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new position in AstroNova in the 3rd quarter valued at approximately $82,000. Wells Fargo & Company MN increased its stake in AstroNova by 7.3% in the 2nd quarter. Wells Fargo & Company MN now owns 6,992 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 474 shares in the last quarter. Hancock Whitney Corp purchased a new position in AstroNova in the 2nd quarter valued at approximately $228,000. Algert Global LLC acquired a new stake in AstroNova during the 2nd quarter valued at $236,000. Finally, LPL Financial LLC acquired a new stake in AstroNova during the 2nd quarter valued at $246,000. 61.90% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ ALOT traded up $0.19 during trading hours on Thursday, reaching $13.41. The stock had a trading volume of 10 shares, compared to its average volume of 30,825. The firm has a market cap of $95.16 million, a price-to-earnings ratio of 16.48, a PEG ratio of 2.08 and a beta of 0.32. The company has a current ratio of 2.34, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14. AstroNova has a fifty-two week low of $13.00 and a fifty-two week high of $27.96. The firm has a 50-day moving average of $13.95 and a 200-day moving average of $17.81.

AstroNova (NASDAQ:ALOT) last announced its earnings results on Wednesday, December 4th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.11). The firm had revenue of $33.32 million during the quarter. AstroNova had a net margin of 3.86% and a return on equity of 7.65%. On average, equities analysts predict that AstroNova will post 0.53 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Thursday, December 19th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Wednesday, December 18th. AstroNova’s dividend payout ratio is presently 34.15%.

A number of analysts recently issued reports on the company. TheStreet cut AstroNova from a “b-” rating to a “c+” rating in a research report on Tuesday, October 29th. Zacks Investment Research cut AstroNova from a “hold” rating to a “sell” rating in a research report on Monday, December 9th.

About AstroNova

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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