Two Sigma Securities LLC Makes New $50,000 Investment in Alto Ingredients, Inc. (NASDAQ:ALTO)

Two Sigma Securities LLC bought a new stake in Alto Ingredients, Inc. (NASDAQ:ALTO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,307 shares of the company’s stock, valued at approximately $50,000.

A number of other hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC boosted its stake in Alto Ingredients by 101.2% in the third quarter. Jane Street Group LLC now owns 289,604 shares of the company’s stock valued at $466,000 after acquiring an additional 145,687 shares in the last quarter. Barclays PLC grew its stake in Alto Ingredients by 123.9% during the 3rd quarter. Barclays PLC now owns 76,703 shares of the company’s stock worth $123,000 after buying an additional 42,450 shares during the last quarter. Virtu Financial LLC acquired a new position in Alto Ingredients during the third quarter worth approximately $139,000. Marquette Asset Management LLC purchased a new stake in Alto Ingredients in the fourth quarter valued at approximately $213,000. Finally, Empowered Funds LLC lifted its stake in Alto Ingredients by 4.9% in the fourth quarter. Empowered Funds LLC now owns 253,926 shares of the company’s stock valued at $396,000 after buying an additional 11,949 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $5.50 target price on shares of Alto Ingredients in a report on Thursday, March 6th.

Alto Ingredients Price Performance

Shares of ALTO opened at $0.98 on Friday. The company has a market capitalization of $74.86 million, a price-to-earnings ratio of -1.88 and a beta of 1.62. Alto Ingredients, Inc. has a fifty-two week low of $0.76 and a fifty-two week high of $2.05. The firm has a 50-day simple moving average of $1.12 and a 200-day simple moving average of $1.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.15 and a current ratio of 3.22.

Alto Ingredients Company Profile

Alto Ingredients, Inc produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients include dried yeast, corn protein meal, corn protein feed, distiller's grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast for human consumption.