Creative Financial Designs Inc. ADV Reduces Stake in Alto Ingredients, Inc. $ALTO

Creative Financial Designs Inc. ADV lowered its holdings in Alto Ingredients, Inc. (NASDAQ:ALTO) by 20.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 797,397 shares of the company’s stock after selling 202,887 shares during the quarter. Creative Financial Designs Inc. ADV owned approximately 1.03% of Alto Ingredients worth $2,297,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC purchased a new stake in Alto Ingredients in the 3rd quarter worth approximately $52,000. JPMorgan Chase & Co. lifted its holdings in Alto Ingredients by 2,539,250.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 50,787 shares of the company’s stock worth $58,000 after buying an additional 50,785 shares during the period. Sagespring Wealth Partners LLC purchased a new stake in Alto Ingredients in the 4th quarter worth approximately $72,000. Empowered Funds LLC lifted its holdings in Alto Ingredients by 8.5% in the 1st quarter. Empowered Funds LLC now owns 275,552 shares of the company’s stock worth $314,000 after buying an additional 21,626 shares during the period. Finally, Bridgeway Capital Management LLC lifted its holdings in Alto Ingredients by 5.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 487,059 shares of the company’s stock worth $560,000 after buying an additional 27,007 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ALTO. HC Wainwright increased their price objective on Alto Ingredients from $5.50 to $10.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings upgraded Alto Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Zacks Research cut Alto Ingredients from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Wall Street Zen upgraded Alto Ingredients from a “buy” rating to a “strong-buy” rating in a report on Monday, March 23rd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Alto Ingredients presently has an average rating of “Hold” and a consensus target price of $10.00.

Alto Ingredients Trading Down 1.1%

ALTO opened at $4.67 on Thursday. The stock has a market cap of $361.86 million, a PE ratio of 12.62 and a beta of 0.14. The company has a quick ratio of 2.54, a current ratio of 3.81 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average of $4.79 and a 200-day moving average of $3.32. Alto Ingredients, Inc. has a 52 week low of $0.86 and a 52 week high of $5.99.

Alto Ingredients (NASDAQ:ALTO) last released its earnings results on Wednesday, May 6th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.13. The company 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 predict that Alto Ingredients, Inc. will post 0.54 earnings per share for the current fiscal year.

Insider Activity at Alto Ingredients

In other news, Director Gilbert E. Nathan bought 20,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of $4.61 per share, for a total transaction of $92,200.00. Following the purchase, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.26% of the stock is currently owned by insiders.

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.