Dimensional Fund Advisors LP raised its stake in AstroNova Inc (NASDAQ:ALOT) by 2.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 540,208 shares of the business services provider’s stock after purchasing an additional 12,002 shares during the period. Dimensional Fund Advisors LP owned about 0.08% of AstroNova worth $10,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALOT. EAM Investors LLC acquired a new position in AstroNova in the second quarter valued at $708,000. Boston Partners acquired a new position in AstroNova in the second quarter valued at $541,000. Russell Investments Group Ltd. acquired a new position in AstroNova in the second quarter valued at $435,000. Mesirow Financial Investment Management Inc. acquired a new position in AstroNova in the second quarter valued at $356,000. Finally, Girard Partners LTD. acquired a new position in AstroNova in the second quarter valued at $211,000. Institutional investors own 57.55% of the company’s stock.
In other AstroNova news, Director Harold Schofield sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $22.13, for a total value of $88,520.00. Following the completion of the transaction, the director now owns 17,149 shares in the company, valued at $379,507.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.40% of the company’s stock.
AstroNova (NASDAQ:ALOT) last released its quarterly earnings data on Wednesday, August 22nd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. AstroNova had a net margin of 3.20% and a return on equity of 8.08%. The company had revenue of $33.81 million during the quarter. On average, sell-side analysts anticipate that AstroNova Inc will post 0.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Friday, September 14th were paid a $0.07 dividend. The ex-dividend date was Thursday, September 13th. This represents a $0.28 annualized dividend and a yield of 1.45%. AstroNova’s dividend payout ratio is presently 44.44%.
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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