189,690 Shares in Alto Ingredients, Inc. $ALTO Bought by Timothy G. Youngquist 2020 Irrevocable Trust

Timothy G. Youngquist 2020 Irrevocable Trust purchased a new stake in Alto Ingredients, Inc. (NASDAQ:ALTO) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 189,690 shares of the company’s stock, valued at approximately $1,081,000.

Several other hedge funds also recently added to or reduced their stakes in ALTO. Peapod Lane Capital LLC lifted its stake in shares of Alto Ingredients by 0.7% during the fourth quarter. Peapod Lane Capital LLC now owns 1,244,198 shares of the company’s stock worth $3,583,000 after purchasing an additional 9,074 shares in the last quarter. Corsair Capital Management L.P. grew its stake in shares of Alto Ingredients by 4.0% in the first 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 in the last quarter. Hsbc Holdings PLC grew its stake in shares of Alto Ingredients by 36.8% in the first quarter. Hsbc Holdings PLC now owns 37,471 shares of the company’s stock valued at $183,000 after buying an additional 10,070 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Alto Ingredients during the 1st quarter valued at about $49,000. Finally, Vontobel Holding Ltd. purchased a new stake in shares of Alto Ingredients during the 4th quarter valued at about $33,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Alto Ingredients Trading Up 0.5%

Shares of ALTO opened at $4.24 on Wednesday. The company has a market capitalization of $328.90 million, a P/E ratio of 6.33 and a beta of 0.17. Alto Ingredients, Inc. has a one year low of $0.92 and a one year high of $6.11. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.17 and a current ratio of 3.19. The stock has a 50-day moving average price of $5.07 and a 200 day moving average price of $4.53.

Alto Ingredients (NASDAQ:ALTO) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Alto Ingredients had a return on equity of 18.54% and a net margin of 5.51%.The firm had revenue of $245.70 million during the quarter, compared to analyst estimates of $231.24 million. Sell-side analysts forecast that Alto Ingredients, Inc. will post 0.39 EPS for the current fiscal year.

Insider Activity at Alto Ingredients

In other Alto Ingredients news, Director Gilbert E. Nathan bought 50,000 shares of Alto Ingredients stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $4.15 per share, for a total transaction of $207,500.00. Following the purchase, the director owned 856,393 shares in the company, valued at $3,554,030.95. This represents a 6.20% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.28% of the company’s stock.

Alto Ingredients 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.