Alto Ingredients, Inc. (NASDAQ:ALTO – Get Free Report) Director Gilbert Nathan bought 5,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $4.45 per share, with a total value of $22,250.00. Following the purchase, the director owned 774,741 shares in the company, valued at $3,447,597.45. This trade represents a 0.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Alto Ingredients Stock Performance
NASDAQ:ALTO opened at $4.66 on Friday. The business’s 50-day moving average price is $4.72 and its two-hundred day moving average price is $3.21. Alto Ingredients, Inc. has a twelve month low of $0.84 and a twelve month high of $5.99. The stock has a market cap of $360.19 million, a P/E ratio of 12.59 and a beta of 0.14. The company has a quick ratio of 1.60, a current ratio of 3.81 and a debt-to-equity ratio of 0.29.
Alto Ingredients (NASDAQ:ALTO – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.13. Alto Ingredients had a return on equity of 9.77% and a net margin of 3.20%.The firm had revenue of $224.68 million for the quarter, compared to analysts’ expectations of $215.65 million. As a group, equities analysts predict that Alto Ingredients, Inc. will post 0.54 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Alto Ingredients
Institutional Trading of Alto Ingredients
A number of hedge funds have recently bought and sold shares of ALTO. Marshall Wace LLP bought a new stake in Alto Ingredients in the 4th quarter worth approximately $3,324,000. Hillsdale Investment Management Inc. lifted its position in Alto Ingredients by 590.1% in the 1st quarter. Hillsdale Investment Management Inc. now owns 1,000,703 shares of the company’s stock worth $4,843,000 after buying an additional 855,703 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Alto Ingredients by 67.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,790,263 shares of the company’s stock worth $8,665,000 after buying an additional 723,996 shares during the last quarter. Walleye Capital LLC bought a new stake in Alto Ingredients in the 1st quarter worth approximately $2,253,000. Finally, Goldman Sachs Group Inc. lifted its position in Alto Ingredients by 169.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 715,180 shares of the company’s stock worth $2,060,000 after buying an additional 449,697 shares during the last quarter. 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.
Featured Articles
- Five stocks we like better than Alto Ingredients
- Aeluma’s Post-Earnings Dip Creates a Buying Opportunity
- Be Ready: 3 Upcoming Catalysts Could Drive Oracle to Record Highs
- 2 Ways to Play the Big Pharma Patent Cliff
- YETI Rallies After Earnings Beat and Raised Outlook
Receive News & Ratings for Alto Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alto Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.
