Alto Ingredients (NASDAQ:ALTO) Director Purchases $92,200.00 in Stock

Alto Ingredients, Inc. (NASDAQ:ALTO) Director Gilbert Nathan bought 20,000 shares of Alto Ingredients stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average cost of $4.61 per share, with a total value of $92,200.00. Following the acquisition, the director directly owned 769,741 shares in the company, valued at $3,548,506.01. This trade represents a 2.67% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Alto Ingredients Stock Performance

Shares of ALTO stock opened at $4.67 on Friday. The company has a market capitalization of $361.88 million, a price-to-earnings ratio of 12.62 and a beta of 0.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.60 and a current ratio of 3.81. The company has a 50-day simple moving average of $4.76 and a 200 day simple moving average of $3.23. Alto Ingredients, Inc. has a 52 week low of $0.84 and a 52 week high of $5.99.

Alto Ingredients (NASDAQ:ALTO) last announced its earnings results on Wednesday, May 6th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 net margin of 3.20% and a return on equity of 9.77%. On average, sell-side analysts predict that Alto Ingredients, Inc. will post 0.54 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on ALTO. Wall Street Zen raised shares of Alto Ingredients from a “buy” rating to a “strong-buy” rating in a report on Monday, March 23rd. Zacks Research downgraded shares of Alto Ingredients from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. HC Wainwright lifted their target price on shares of Alto Ingredients from $5.50 to $10.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Weiss Ratings raised shares of Alto Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.00.

Institutional Trading of Alto Ingredients

A number of institutional investors have recently bought and sold shares of the business. Corsair Capital Management L.P. boosted its holdings in Alto Ingredients by 4.0% in the 1st quarter. Corsair Capital Management L.P. now owns 260,200 shares of the company’s stock valued at $1,259,000 after purchasing an additional 10,000 shares during the period. Renaissance Technologies LLC boosted its holdings in Alto Ingredients by 9.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,673,657 shares of the company’s stock valued at $8,100,000 after purchasing an additional 149,657 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings 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 valued at $8,665,000 after purchasing an additional 723,996 shares during the period. Sei Investments Co. bought a new stake in Alto Ingredients in the 1st quarter valued at about $58,000. Finally, Walleye Capital LLC bought a new stake in Alto Ingredients in the 1st quarter valued at about $2,253,000. Institutional investors own 42.44% of the company’s stock.

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.