Gilbert Nathan Buys 50,000 Shares of Alto Ingredients (NASDAQ:ALTO) Stock

Alto Ingredients, Inc. (NASDAQ:ALTO) Director Gilbert Nathan acquired 50,000 shares of Alto Ingredients stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $4.15 per share, with a total value of $207,500.00. Following the completion of the purchase, the director owned 856,393 shares in the company, valued at approximately $3,554,030.95. This represents a 6.20% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Alto Ingredients Stock Down 2.6%

NASDAQ:ALTO traded down $0.11 on Wednesday, hitting $4.06. 1,820,251 shares of the company’s stock traded hands, compared to its average volume of 2,009,739. The company has a market cap of $314.59 million, a PE ratio of 6.06 and a beta of 0.17. Alto Ingredients, Inc. has a 1 year low of $0.92 and a 1 year high of $6.11. The company has a current ratio of 3.81, a quick ratio of 2.54 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $5.20 and a 200-day moving average price of $4.48.

Alto Ingredients (NASDAQ:ALTO) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. The business had revenue of $245.70 million during the quarter, compared to analyst estimates of $231.24 million. Alto Ingredients had a net margin of 5.51% and a return on equity of 18.94%. Equities analysts anticipate that Alto Ingredients, Inc. will post 0.39 EPS for the current fiscal year.

Institutional Trading of Alto Ingredients

Institutional investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. raised its holdings in Alto Ingredients by 590.1% during the first quarter. Hillsdale Investment Management Inc. now owns 1,000,703 shares of the company’s stock valued at $4,843,000 after buying an additional 855,703 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Alto Ingredients by 67.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,790,263 shares of the company’s stock worth $8,665,000 after purchasing an additional 723,996 shares during the last quarter. Walleye Capital LLC bought a new stake in Alto Ingredients during the first quarter worth approximately $2,253,000. Hamilton Capital Partners LLC acquired a new position in Alto Ingredients during the fourth quarter valued at approximately $577,000. Finally, Signet Private Wealth LLC acquired a new position in Alto Ingredients during the fourth quarter valued at approximately $261,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALTO has been the subject of a number of research reports. Zacks Research lowered shares of Alto Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alto Ingredients in a research note on Friday, July 31st. HC Wainwright reiterated a “buy” rating on shares of Alto Ingredients in a report on Thursday, August 6th. Finally, Scotiabank set a $10.00 price objective on Alto Ingredients in a research report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.00.

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.