Alto Ingredients, Inc. (NASDAQ:ALTO) Short Interest Down 19.0% in February

Alto Ingredients, Inc. (NASDAQ:ALTO) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 714,667 shares, a decline of 19.0% from the February 12th total of 881,890 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 427,601 shares, the short-interest ratio is currently 1.7 days. Based on an average daily trading volume, of 427,601 shares, the short-interest ratio is currently 1.7 days. Currently, 1.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Zacks Research raised shares of Alto Ingredients from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alto Ingredients in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded Alto Ingredients from a “strong-buy” rating to a “buy” rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Alto Ingredients has a consensus rating of “Moderate Buy”.

Alto Ingredients Trading Down 7.5%

Alto Ingredients stock opened at $4.31 on Tuesday. The stock has a 50-day moving average price of $2.89 and a 200 day moving average price of $2.15. Alto Ingredients has a 52 week low of $0.76 and a 52 week high of $4.89. The stock has a market cap of $333.34 million, a PE ratio of 26.94 and a beta of 0.60. The company has a current ratio of 3.56, a quick ratio of 2.30 and a debt-to-equity ratio of 0.45.

Alto Ingredients (NASDAQ:ALTO) last released its earnings results on Wednesday, March 4th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.17. The company had revenue of $231.97 million for the quarter, compared to analyst estimates of $234.83 million. Alto Ingredients had a net margin of 1.45% and a return on equity of 3.10%. Equities research analysts predict that Alto Ingredients will post -0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Empowered Funds LLC lifted its stake in shares of Alto Ingredients by 8.5% during the 1st quarter. Empowered Funds LLC now owns 275,552 shares of the company’s stock worth $314,000 after purchasing an additional 21,626 shares during the period. JPMorgan Chase & Co. lifted its position in Alto Ingredients by 2,539,250.0% during the second 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. Corsair Capital Management L.P. lifted its position in Alto Ingredients by 67.7% during the second quarter. Corsair Capital Management L.P. now owns 50,500 shares of the company’s stock worth $58,000 after buying an additional 20,383 shares during the period. Bridgeway Capital Management LLC boosted its stake 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 last quarter. Finally, Peapod Lane Capital LLC grew its holdings in Alto Ingredients by 1.1% in the 3rd quarter. Peapod Lane Capital LLC now owns 1,235,124 shares of the company’s stock valued at $1,334,000 after buying an additional 13,282 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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.