Gilbert Nathan Purchases 5,000 Shares of Alto Ingredients (NASDAQ:ALTO) Stock

Alto Ingredients, Inc. (NASDAQ:ALTO) Director Gilbert Nathan acquired 5,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $4.45 per share, with a total value of $22,250.00. Following the transaction, the director directly owned 774,741 shares in the company, valued at approximately $3,447,597.45. This represents a 0.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alto Ingredients Stock Up 0.2%

Alto Ingredients stock opened at $4.67 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.81 and a quick ratio of 1.60. The stock has a market capitalization of $361.88 million, a price-to-earnings ratio of 12.62 and a beta of 0.14. Alto Ingredients, Inc. has a 1-year low of $0.84 and a 1-year high of $5.99. The business has a fifty day moving average price of $4.76 and a 200-day moving average price of $3.23.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ALTO. Zacks Research cut Alto Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. HC Wainwright lifted their price target on Alto Ingredients from $5.50 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen raised Alto Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 23rd. Finally, Weiss Ratings raised Alto Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Hedge Funds Weigh In On Alto Ingredients

A number of institutional investors have recently modified their holdings of the stock. Corsair Capital Management L.P. raised its stake in shares of Alto Ingredients by 4.0% during the 1st quarter. Corsair Capital Management L.P. now owns 260,200 shares of the company’s stock valued at $1,259,000 after buying an additional 10,000 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Alto Ingredients by 9.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,673,657 shares of the company’s stock valued at $8,100,000 after buying an additional 149,657 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Alto Ingredients by 67.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,790,263 shares of the company’s stock valued at $8,665,000 after buying an additional 723,996 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Alto Ingredients during the 1st quarter valued at about $58,000. Finally, Walleye Capital LLC purchased a new position in shares of Alto Ingredients during the 1st quarter valued at about $2,253,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

About Alto Ingredients

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.