Juniper Group Takes 5.1% Stake in Allient Inc.

Ticker: ALNT · Form: SC 13D · Filed: Nov 6, 2024 · CIK: 46129

Sentiment: neutral

Topics: 13D-filing, significant-stake, investment-group

Related Tickers: ALLT

TL;DR

**Juniper Group now owns 5.1% of ALLT. Big stake.**

AI Summary

On November 6, 2024, Juniper Investment Company, LLC, along with a group including Alexis P. Michas and John A. Bartholdson, reported a beneficial ownership of 1,500,000 shares of Allient Inc. (ALLT), representing 5.1% of the company's outstanding stock. This filing indicates a significant stake in Allient Inc., a company specializing in instruments for measuring and testing electricity and electronic signals.

Why It Matters

This filing signals a substantial investment by Juniper Investment Company and its affiliates in Allient Inc., potentially indicating a desire to influence company strategy or a belief in its future performance.

Risk Assessment

Risk Level: medium — A significant stake taken by an investment group can lead to increased volatility and potential activist investor actions.

Key Numbers

Key Players & Entities

FAQ

Who are the members of the Juniper group filing this Schedule 13D?

The filing lists Juniper Investment Company, LLC, Alexis P. Michas, John A. Bartholdson, Juniper HF Investors II, LLC, Juniper HF Investors, LLC, Juniper Multi-Strategy Fund, L.P., and Juniper Targeted Opportunity Fund, L.P. as group members.

What is the total number of Allient Inc. shares beneficially owned by the Juniper group?

The Juniper group beneficially owns 1,500,000 shares of Allient Inc.

What percentage of Allient Inc. does the Juniper group's ownership represent?

The 1,500,000 shares represent 5.1% of Allient Inc.'s outstanding stock.

When was this Schedule 13D filing made?

This Schedule 13D filing was made on November 6, 2024.

What is Allient Inc.'s primary business?

Allient Inc. is primarily involved in the business of instruments for measuring and testing of electricity and electric signals.

Filing Stats: 3,446 words · 14 min read · ~11 pages · Grade level 10.8 · Accepted 2024-11-06 16:00:25

Key Financial Figures

Filing Documents

Security and Issuer

Item 1. Security and Issuer. This statement on Schedule 13D (this “ Schedule 13D ”) relates to the Common Stock (the “ Shares ”) of Allient Inc., a Colorado Corporation (the “ Issuer ”). The principal executive office of the Issuer is located at 495 Commerce Drive, Amherst, New York 14228. The Shares are listed on the NASDAQ Exchange under the ticker symbol “ALNT”. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable

Identity and Background

Item 2. Identity and Background. (a) This Schedule 13D is being filed by: (i) Juniper Targeted Opportunity Fund, L.P., a Delaware limited partnership (“ Juniper Fund ”). (ii) Juniper HF Investors II, LLC, a Delaware limited liability company and the general partner of Juniper Fund (“ Juniper HF II ”). (iii) Juniper Multi-Strategy Fund, L.P., a Delaware limited partnership (“ Juniper Multi-Strategy ”). (v) Juniper HF Investors, LLC, a Delaware limited liability company and the general partner of Juniper Multi-Strategy (“ Juniper HF ”). (vi) Juniper Investment Company, LLC, a Delaware limited liability company and the investment advisor to Juniper Fund and Juniper Multi-Strategy (“ Juniper Investment Company ”). (vii) Alexis P. Michas, as a managing member of each of Juniper HF II, Juniper HF, and Juniper Investment Company; and (viii) John A. Bartholdson, as a managing member of each of Juniper HF II, Juniper HF, and Juniper Investment Company. Each of the foregoing is referred to herein as a “Reporting Person” and together as the “Reporting Persons.” (b) The principal business address of each of the Reporting Persons is 555 Madison Avenue, 24 th Floor, New York, New York 10022. (c) The principal business of each of Juniper Fund and Juniper Multi-Strategy is to invest in the capital stock of various companies. The principal business of Juniper HF II is to serve as the general partner of Juniper Fund. The principal business of Juniper HF is to serve as the general partner of Juniper Multi-Strategy. Juniper Investment Company provides investment advisory and management services and acts as the investment manager of Juniper Fund and Juniper Multi-Strategy. Each of Messrs. Michas and Bartholdson serves as managing member of Juniper HF II, Juniper HF, and Juniper Investment Company. Page 9 of 14 Pages (d) During the past five years, none of the Reporting Persons has been con

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration. The Shares held by the Juniper Fund and Juniper Multi-Strategy that are the subject of this Schedule 13D were purchased with available working capital of the Reporting Persons, including capital contributions from investors in Juniper Fund and Juniper Multi-Strategy. Such Shares were purchased in open market purchases for an aggregate purchase price of approximately $14,009,312, including brokerage commissions.

Purpose of Transaction

Item 4. Purpose of Transaction. The Shares acquired by the Reporting Persons have been acquired for the purpose of making an investment in the Issuer. Each of the Reporting Persons intends to review its investment on a regular basis and, as a result thereof, may at any time or from time to time determine, either alone or as part of a group, (a) to acquire additional securities of the Issuer, through open market purchases, privately negotiated transactions or otherwise, (b) to dispose of all or a portion of the securities of the Issuer owned by it in the open market, in privately negotiated transactions or otherwise, or (c) to take any other available course of action, which could involve one or more of the types of transactions or have one or more of the results described in the next paragraph of this Item 4. Any such acquisition or disposition or other transaction would be made in compliance with all applicable laws and regulations. Notwithstanding anything contained herein, each of the Reporting Persons specifically reserves the right to change its intention with respect to any or all of such matters. In reaching any decision as to its course of action (as well as to the specific elements thereof), each of the Reporting Persons currently expects that it would take into consideration a variety of factors, including, but not limited to, the following: the Issuer’s business and prospects; other developments concerning the Issuer and its businesses generally; other business opportunities available to the Reporting Persons; changes in law and government regulations; general economic conditions; and money and stock market conditions, including the market price of the securities of the Issuer. In addition, in connection with their review of their investment, the Reporting Persons have had and may from time to time seek to engage in communications with one or more shareholders of the Issuer, one or more officers of the Issuer and/or one or more members of the boar

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. The responses of the Reporting Persons to rows (7) through (13) of the cover pages of this Schedule 13D are incorporated herein by reference. (a) The percentages of ownership indicated in this Schedule 13D are calculated based on 16,844,133 Shares reported as outstanding as of August 7, 2024 (the “ Record Date ”), in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2024, as filed with the United States Securities and Exchange Commission on August 7, 2024. As of the date of this Schedule 13D, the Reporting Persons collectively held an aggregate of 869,144 Shares, constituting approximately 5.2% of the Issuer’s outstanding Shares as of the Record Date. As of the date of this Schedule 13D, each Reporting Person may be deemed to have direct beneficial ownership of the Shares as follows: (i) Juniper Fund beneficially owned 859,549 Shares, constituting approximately 5.1% of the Issuer’s outstanding Shares as of the Record Date. (ii) Juniper Multi-Strategy beneficially owned 9,600 Shares, constituting approximately 0.1% of the Issuer’s outstanding Shares as of the Record Date. (iii) Juniper HF II, as the general partner of Juniper Fund, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the 859,549 Shares held by Juniper Fund, constituting approximately 5.1% of the Issuer’s outstanding Shares as of the Record Date. Juniper HF II disclaims beneficial ownership of such Shares for all other purposes. (iv) Juniper HF, as the general partner of Juniper Multi-Strategy, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the 9,600 Shares held by Juniper Multi-Strategy, constituting approximately 0.1% of the Issuer’s outstanding Shares as of the Record Date. Juniper HF disclaims beneficial ownership of such Shares for al

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. The response to Item 3 is incorporated herein by reference. Except as described in this Schedule 13D or incorporated by reference in this Schedule 13D, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between any of the Reporting Persons or between any of the Reporting Persons and any other person with respect to any securities of the Issuer, including, but not limited to, transfer or voting of any securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.

Materials to be Filed as Exhibits

Item 7. Materials to be Filed as Exhibits. Exhibit A: Schedule of Transactions Page 12 of 14 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. Dated: November 5, 2024, JUNIPER TARGETED OPPORTUNITY FUND, L.P. By: Juniper HF Investors II, LLC, its General Partner By: /s/ John A. Bartholdson Name: John A. Bartholdson Title: Managing Member JUNIPER HF INVESTORS II, LLC By: /s/ John A. Bartholdson Name: John A. Bartholdson Title: Managing Member JUNIPER MULTI-STRATEGY FUND, L.P. By: Juniper Targeted Opportunity Investors, LLC, its General Partner By: /s/ John A. Bartholdson Name: John A. Bartholdson Title: Managing Member JUNIPER HF INVESTORS, LLC By: /s/ John A. Bartholdson Name: John A. Bartholdson Title: Managing Member Page 13 of 14 Pages JUNIPER INVESTMENT COMPANY, LLC By: /s/ John A. Bartholdson Name: John A. Bartholdson Title: Managing Member By: /s/ Alexis P. Michas ALEXIS P. MICHAS By: /s/ John A. Bartholdson JOHN A. BARTHOLDSON Page 14 of 14 Pages SCHEDULE A Transactions in Securities of the Issuer During the Past Sixty Days Reporting Person Date of Transaction Number of Shares Acquired Price Per Share* Low Price High Price Juniper Targeted Opportunity Fund, L.P. October 24, 2024 24,596 $17.22 $17.20 $17.29 Juniper Targeted Opportunity Fund, L.P. October 25, 2024 3,179 $17.49 $17.485 $17.49 Juniper Targeted Opportunity Fund, L.P. October 28, 2024 7,559 $17.99 $17.96 $17.99 Juniper Targeted Opportunity Fund, L.P. October 29, 2024 46,845 $17.54 $17.36 $17.75 Juniper Targeted Opportunity Fund, L.P. October 30, 2024 23,133 $17.56 $17.495 $17.60 Juniper Targeted Opportunity Fund, L.P. October 31, 2024 1,031 $17.32 $17.29 $17.34 Juniper Targeted Opportunity Fund, L.P. November 1, 2024 4,154 $17.52 $17.515 $17.52 *

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