Key Points
- Director Gilbert Nathan bought 50,000 Alto Ingredients shares at an average price of $4.15, investing $207,500 and increasing his stake by 6.2% to 856,393 shares.
- Alto Ingredients reported quarterly EPS of $0.15, beating the $0.08 analyst consensus, while revenue of $245.7 million exceeded estimates of $231.24 million.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and an average $10 price target; institutional investors own 42.44% of the company.
Alto Ingredients, Inc. (NASDAQ:ALTO - Get Free Report) Director Gilbert Nathan acquired 50,000 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $4.15 per share, with a total value of $207,500.00. Following the transaction, 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 Securities & Exchange Commission, which is accessible through this link.
Alto Ingredients Price Performance
NASDAQ:ALTO opened at $4.06 on Thursday. The firm has a market cap of $314.61 million, a price-to-earnings ratio of 6.06 and a beta of 0.17. The company has a current ratio of 3.81, a quick ratio of 2.54 and a debt-to-equity ratio of 0.29. The company's 50-day moving average is $5.17 and its two-hundred day moving average is $4.49. Alto Ingredients, Inc. has a 12-month low of $0.92 and a 12-month high of $6.11.
Alto Ingredients (NASDAQ:ALTO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.07. The business had revenue of $245.70 million during the quarter, compared to the consensus estimate of $231.24 million. Alto Ingredients had a net margin of 5.51% and a return on equity of 18.94%. Research analysts expect that Alto Ingredients, Inc. will post 0.39 EPS for the current year.
Analyst Ratings Changes
Several analysts have commented on ALTO shares. Scotiabank set a $10.00 target price on shares of Alto Ingredients in a research note on Thursday, August 6th. Zacks Research lowered Alto Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Alto Ingredients in a research report on Friday, July 31st. Finally, HC Wainwright reaffirmed a "buy" rating on shares of Alto Ingredients in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Alto Ingredients has a consensus rating of "Hold" and an average target price of $10.00.
View Our Latest Analysis on ALTO
Institutional Investors Weigh In On Alto Ingredients
A number of large investors have recently modified their holdings of ALTO. Hillsdale Investment Management Inc. grew its position in Alto Ingredients by 590.1% in the first quarter. Hillsdale Investment Management Inc. now owns 1,000,703 shares of the company's stock valued at $4,843,000 after acquiring an additional 855,703 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Alto Ingredients by 67.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,790,263 shares of the company's stock worth $8,665,000 after purchasing an additional 723,996 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of Alto Ingredients during the first quarter worth $2,253,000. Hamilton Capital Partners LLC purchased a new position in shares of Alto Ingredients in the fourth quarter valued at $577,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Alto Ingredients by 74.7% in the first quarter. Dimensional Fund Advisors LP now owns 659,268 shares of the company's stock valued at $3,190,000 after purchasing an additional 281,833 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.
About Alto Ingredients
(
Get Free Report)
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.
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