Alto Ingredients (NASDAQ:ALTO) Director Gilbert Nathan Acquires 50,000 Shares

Alto Ingredients, Inc. (NASDAQ:ALTO) Director Gilbert Nathan bought 50,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $4.15 per share, for a total transaction of $207,500.00. Following the acquisition, the director owned 856,393 shares of the company’s stock, valued at approximately $3,554,030.95. This trade represents a 6.20% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Alto Ingredients Price Performance

Alto Ingredients stock opened at $4.06 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.81 and a quick ratio of 2.54. The business has a 50 day simple moving average of $5.17 and a 200-day simple moving average of $4.49. Alto Ingredients, Inc. has a 12 month low of $0.92 and a 12 month high of $6.11. The stock has a market capitalization of $314.61 million, a PE ratio of 6.06 and a beta of 0.17.

Alto Ingredients (NASDAQ:ALTO) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. The firm had revenue of $245.70 million for the quarter, compared to analyst estimates of $231.24 million. Alto Ingredients had a net margin of 5.51% and a return on equity of 18.94%. Equities analysts predict that Alto Ingredients, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. HC Wainwright reiterated a “buy” rating on shares of Alto Ingredients in a research note on Thursday, August 6th. Scotiabank set a $10.00 price objective on shares of Alto Ingredients in a research report on Thursday, August 6th. Zacks Research lowered Alto Ingredients from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Alto Ingredients in a research report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Alto Ingredients has an average rating of “Hold” and a consensus price target of $10.00.

Institutional Investors Weigh In On Alto Ingredients

A number of institutional investors and hedge funds have recently modified their holdings of the company. Peapod Lane Capital LLC increased its stake in shares of Alto Ingredients by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 1,244,198 shares of the company’s stock worth $3,583,000 after purchasing an additional 9,074 shares in the last quarter. Corsair Capital Management L.P. raised its position in shares of Alto Ingredients by 4.0% during the 1st quarter. Corsair Capital Management L.P. now owns 260,200 shares of the company’s stock worth $1,259,000 after purchasing an additional 10,000 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Alto Ingredients by 36.8% in the 1st quarter. Hsbc Holdings PLC now owns 37,471 shares of the company’s stock valued at $183,000 after buying an additional 10,070 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Alto Ingredients during the 1st quarter valued at $49,000. Finally, Vontobel Holding Ltd. acquired a new stake in Alto Ingredients during the 4th quarter valued at $33,000. Institutional investors and hedge funds 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.