Roubaix Capital LLC bought a new position in shares of AstroNova Inc (NASDAQ:ALOT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 109,933 shares of the business services provider’s stock, valued at approximately $2,242,000. AstroNova makes up 2.2% of Roubaix Capital LLC’s investment portfolio, making the stock its 26th biggest holding. Roubaix Capital LLC owned approximately 1.58% of AstroNova at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ALOT. Boston Partners acquired a new position in AstroNova in the fourth quarter valued at $1,023,000. Vanguard Group Inc increased its stake in AstroNova by 8.7% in the third quarter. Vanguard Group Inc now owns 289,238 shares of the business services provider’s stock valued at $6,248,000 after purchasing an additional 23,155 shares during the last quarter. Quantum Capital Management acquired a new position in AstroNova in the fourth quarter valued at $1,019,000. Dimensional Fund Advisors LP increased its stake in AstroNova by 3.3% in the third quarter. Dimensional Fund Advisors LP now owns 558,106 shares of the business services provider’s stock valued at $12,055,000 after purchasing an additional 17,898 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in AstroNova by 8.7% in the third quarter. Vanguard Group Inc. now owns 289,238 shares of the business services provider’s stock valued at $6,248,000 after purchasing an additional 23,155 shares during the last quarter. Institutional investors own 59.49% of the company’s stock.
Shares of NASDAQ:ALOT opened at $25.87 on Thursday. The stock has a market cap of $180.78 million, a price-to-earnings ratio of 31.55, a PEG ratio of 2.25 and a beta of 0.21. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 0.18. AstroNova Inc has a 12 month low of $16.74 and a 12 month high of $25.94.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 28th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.08%. AstroNova’s dividend payout ratio (DPR) is currently 34.15%.
ALOT has been the subject of several research analyst reports. Zacks Investment Research lowered AstroNova from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. ValuEngine lowered AstroNova from a “buy” rating to a “hold” rating in a research note on Monday, April 1st.
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AstroNova, Inc designs, develops, manufactures, and sells specialty printers & data acquisition and analysis systems. It provides its services to aerospace, apparel, automotive, avionics, chemicals, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging and transportation industries.
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