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

Walleye Capital LLC bought a new stake in AstroNova, Inc. (NASDAQ:ALOT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 95,650 shares of the business services provider’s stock, valued at approximately $2,723,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Marquette Asset Management LLC purchased a new position in AstroNova during the second quarter worth about $542,000. Renaissance Technologies LLC lifted its position in 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 purchasing an additional 10,191 shares during the period. DRW Securities LLC purchased a new stake in AstroNova in the 4th quarter valued at approximately $125,000. Geode Capital Management LLC boosted its holdings in AstroNova by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 80,663 shares of the business services provider’s stock valued at $698,000 after purchasing an additional 2,179 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in AstroNova during the 3rd quarter worth approximately $143,000. 43.02% of the stock is currently owned by institutional investors and hedge funds.

AstroNova Price Performance

ALOT stock opened at $28.91 on Friday. The firm has a 50 day moving average of $26.94 and a 200-day moving average of $16.73. The company has a market cap of $226.68 million, a price-to-earnings ratio of -160.60 and a beta of 0.85. The company has a current ratio of 1.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.21. AstroNova, Inc. has a 12-month low of $6.96 and a 12-month high of $28.99.

AstroNova (NASDAQ:ALOT) last released its quarterly earnings results on Monday, June 8th. The business services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $39.36 million for the quarter, compared to analysts’ expectations of $30.67 million. During the same quarter in the prior year, the firm posted ($0.05) EPS.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ALOT. Weiss Ratings reissued a “sell (d-)” rating on shares of AstroNova in a research note on Friday, July 17th. Wall Street Zen upgraded AstroNova from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

About AstroNova

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.