Alto Ingredients (NASDAQ:ALTO) Director Acquires $207,500.00 in Stock

Alto Ingredients, Inc. (NASDAQ:ALTO) Director Gilbert Nathan acquired 50,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $207,500.00. Following the acquisition, the director directly owned 856,393 shares in the company, valued at $3,554,030.95. This represents a 6.20% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Alto Ingredients Stock Performance

NASDAQ ALTO opened at $4.18 on Friday. The stock has a market capitalization of $324.24 million, a price-to-earnings ratio of 6.24 and a beta of 0.17. The business’s 50 day moving average is $5.12 and its two-hundred day moving average is $4.50. Alto Ingredients, Inc. has a 12-month low of $0.92 and a 12-month high of $6.11. The company has a current ratio of 3.19, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23.

Alto Ingredients (NASDAQ:ALTO) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. Alto Ingredients had a return on equity of 18.54% and a net margin of 5.51%.The business had revenue of $245.70 million during the quarter, compared to analysts’ expectations of $231.24 million. Research analysts expect that Alto Ingredients, Inc. will post 0.39 EPS for the current year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC acquired a new position in shares of Alto Ingredients during the 2nd quarter worth approximately $134,000. Canada Pension Plan Investment Board acquired a new position in shares of Alto Ingredients in the second quarter worth $847,000. Legal & General Group Plc purchased a new stake in shares of Alto Ingredients in the second quarter valued at $41,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Alto Ingredients during the second quarter valued at $121,000. Finally, Algert Global LLC increased its position in Alto Ingredients by 294.5% during the 2nd quarter. Algert Global LLC now owns 477,169 shares of the company’s stock worth $2,720,000 after purchasing an additional 356,219 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

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.