Insider Selling: AstroNova, Inc. (NASDAQ:ALOT) VP Sells 5,000 Shares of Stock

AstroNova, Inc. (NASDAQ:ALOT) VP Stephen M. Petrarca sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $17.79, for a total value of $88,950.00. Following the completion of the sale, the vice president now owns 27,784 shares in the company, valued at approximately $494,277.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AstroNova Price Performance

AstroNova stock traded down $0.06 during trading hours on Thursday, reaching $17.82. 6,811 shares of the stock were exchanged, compared to its average volume of 12,054. AstroNova, Inc. has a twelve month low of $11.79 and a twelve month high of $18.83. The company has a market cap of $132.40 million, a P/E ratio of 28.74 and a beta of 0.62. The company has a current ratio of 2.28, a quick ratio of 0.89 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average of $17.54 and a two-hundred day moving average of $15.34.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ALOT. Northern Trust Corp raised its stake in shares of AstroNova by 16.3% during the fourth quarter. Northern Trust Corp now owns 56,879 shares of the business services provider’s stock valued at $925,000 after acquiring an additional 7,957 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of AstroNova by 3.9% during the third quarter. Vanguard Group Inc. now owns 346,401 shares of the business services provider’s stock valued at $4,330,000 after acquiring an additional 13,111 shares in the last quarter. Royal Bank of Canada raised its holdings in AstroNova by 36.6% during the second quarter. Royal Bank of Canada now owns 12,019 shares of the business services provider’s stock worth $175,000 after buying an additional 3,219 shares during the last quarter. Juniper Investment Company LLC boosted its stake in AstroNova by 14.3% during the 2nd quarter. Juniper Investment Company LLC now owns 535,203 shares of the business services provider’s stock valued at $7,760,000 after purchasing an additional 66,952 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in AstroNova by 3.3% during the 2nd quarter. BlackRock Inc. now owns 74,791 shares of the business services provider’s stock worth $1,084,000 after acquiring an additional 2,402 shares during the last quarter. 43.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. TheStreet upgraded shares of AstroNova from a “c” rating to a “b-” rating in a report on Wednesday, December 6th. StockNews.com initiated coverage on shares of AstroNova in a report on Monday, January 15th. They issued a “strong-buy” rating on the stock.

About AstroNova

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates in two segments, Product Identification (PI) and Test & Measurement (T&M).