145,000 Shares in Alto Ingredients, Inc. $ALTO Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. bought a new position in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 145,000 shares of the company’s stock, valued at approximately $418,000.

Several other institutional investors have also recently made changes to their positions in ALTO. Hamilton Capital Partners LLC purchased a new position in shares of Alto Ingredients during the fourth quarter worth $577,000. JPMorgan Chase & Co. raised its holdings in shares of Alto Ingredients by 2,539,250.0% during the second quarter. JPMorgan Chase & Co. now owns 50,787 shares of the company’s stock worth $58,000 after purchasing an additional 50,785 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Alto Ingredients during the third quarter worth $52,000. Bridgeway Capital Management LLC raised its holdings in shares of Alto Ingredients by 7.3% during the third quarter. Bridgeway Capital Management LLC now owns 522,666 shares of the company’s stock worth $564,000 after purchasing an additional 35,607 shares during the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new position in shares of Alto Ingredients during the fourth quarter worth $72,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ALTO has been the subject of several recent research reports. Wall Street Zen raised shares of Alto Ingredients from a “buy” rating to a “strong-buy” rating in a report on Monday, March 23rd. Zacks Research cut shares of Alto Ingredients from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings raised shares of Alto Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Finally, HC Wainwright lifted their price objective on shares of Alto Ingredients from $5.50 to $10.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Alto Ingredients currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Alto Ingredients Stock Up 4.8%

ALTO opened at $5.71 on Tuesday. Alto Ingredients, Inc. has a fifty-two week low of $0.90 and a fifty-two week high of $5.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.54 and a current ratio of 3.81. The company has a fifty day moving average of $4.87 and a two-hundred day moving average of $3.53. The stock has a market capitalization of $442.47 million, a price-to-earnings ratio of 15.43 and a beta of 0.13.

Alto Ingredients (NASDAQ:ALTO) last released its earnings results on Wednesday, May 6th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.13. The business had revenue of $224.68 million during the quarter, compared to analysts’ expectations of $215.65 million. Alto Ingredients had a net margin of 3.20% and a return on equity of 9.77%. On average, research analysts expect that Alto Ingredients, Inc. will post 0.54 earnings per share for the current year.

Insider Activity at Alto Ingredients

In related news, Director Gilbert E. Nathan bought 20,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average price of $4.61 per share, with a total value of $92,200.00. Following the completion of the purchase, the director directly owned 769,741 shares of the company’s stock, valued at approximately $3,548,506.01. This trade represents a 2.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 5.26% of the stock is owned by corporate insiders.

Alto Ingredients Company Profile

Alto Ingredients, Inc (NASDAQ: ALTO) is a diversified producer of alcohol-based products and specialty ingredients for industrial, food, beverage and personal care applications. The company’s core offering centers on ethanol produced for fuel markets, as well as an expanding portfolio of natural and organic alcohols, glycerin and other ingredient solutions. Alto’s product lines serve a range of end markets, including renewable fuels, confectionery, flavorings, cosmetics and sanitizers.

Headquartered in Dallas, Texas, Alto Ingredients operates a network of production facilities across the United States.