Glazer Capital LLC Makes New $12.81 Million Investment in AstroNova, Inc. $ALOT

Glazer Capital LLC bought a new position in shares of AstroNova, Inc. (NASDAQ:ALOT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 449,920 shares of the business services provider’s stock, valued at approximately $12,809,000. Glazer Capital LLC owned approximately 5.74% of AstroNova as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Geode Capital Management LLC boosted its position in AstroNova by 1.4% during the second quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock worth $859,000 after acquiring an additional 1,036 shares during the last quarter. Jane Street Group LLC acquired a new stake in AstroNova in the 2nd quarter valued at about $140,000. Vanguard Group Inc. raised its holdings in AstroNova by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 352,131 shares of the business services provider’s stock valued at $3,606,000 after acquiring an additional 9,533 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in AstroNova in the 3rd quarter valued at about $143,000. Finally, Renaissance Technologies LLC lifted its stake in AstroNova by 1.2% in the 4th quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider’s stock worth $897,000 after purchasing an additional 1,207 shares in the last quarter. 43.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ALOT shares. Weiss Ratings restated a “sell (d-)” rating on shares of AstroNova in a report on Friday, July 17th. Wall Street Zen raised AstroNova from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, AstroNova presently has an average rating of “Sell”.

AstroNova Stock Performance

Shares of ALOT opened at $28.99 on Friday. 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 $29.00. The firm has a 50-day moving average price of $28.71 and a 200 day moving average price of $18.04. The firm has a market capitalization of $227.28 million, a P/E ratio of -161.05 and a beta of 0.85.

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