Alto Ingredients (NASDAQ:ALTO) Director Gilbert Nathan Buys 20,000 Shares

Alto Ingredients, Inc. (NASDAQ:ALTO) Director Gilbert Nathan purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average cost of $4.61 per share, for a total transaction of $92,200.00. Following the purchase, the director directly owned 769,741 shares of the company’s stock, valued at $3,548,506.01. This trade represents a 2.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alto Ingredients Trading Up 1.5%

NASDAQ ALTO opened at $4.66 on Friday. The stock has a 50-day simple moving average of $4.72 and a 200 day simple moving average of $3.21. The company has a market capitalization of $360.19 million, a PE ratio of 12.59 and a beta of 0.14. The company has a current ratio of 3.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29. Alto Ingredients, Inc. has a 12 month low of $0.84 and a 12 month high of $5.99.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ALTO shares. Zacks Research downgraded Alto Ingredients from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Wall Street Zen upgraded Alto Ingredients from a “buy” rating to a “strong-buy” rating in a report on Monday, March 23rd. Weiss Ratings upgraded Alto Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Finally, HC Wainwright boosted their target price on Alto Ingredients from $5.50 to $10.00 and gave the company a “buy” rating in a research note 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, the company has an average rating of “Hold” and a consensus price target of $10.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALTO. Marshall Wace LLP acquired a new position in Alto Ingredients in the fourth quarter valued at about $3,324,000. Hillsdale Investment Management Inc. grew its stake in Alto Ingredients by 590.1% in the first quarter. Hillsdale Investment Management Inc. now owns 1,000,703 shares of the company’s stock valued at $4,843,000 after acquiring an additional 855,703 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Alto Ingredients by 67.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,790,263 shares of the company’s stock valued at $8,665,000 after acquiring an additional 723,996 shares during the period. Walleye Capital LLC acquired a new position in Alto Ingredients in the first quarter valued at about $2,253,000. Finally, Goldman Sachs Group Inc. grew its stake in Alto Ingredients by 169.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 715,180 shares of the company’s stock valued at $2,060,000 after acquiring an additional 449,697 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

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.