Gilbert Nathan Purchases 10,000 Shares of Alto Ingredients (NASDAQ:ALTO) Stock

Alto Ingredients, Inc. (NASDAQ:ALTO) Director Gilbert Nathan bought 10,000 shares of the business’s stock in a transaction on Monday, September 14th. The stock was bought at an average cost of $3.93 per share, for a total transaction of $39,300.00. Following the purchase, the director directly owned 866,393 shares of the company’s stock, valued at approximately $3,404,924.49. This trade represents a 1.17% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Alto Ingredients Trading Up 1.5%

Shares of Alto Ingredients stock traded up $0.06 during trading on Monday, hitting $3.96. 1,258,538 shares of the company were exchanged, compared to its average volume of 1,935,787. The firm has a market capitalization of $307.18 million, a P/E ratio of 5.91 and a beta of 0.16. Alto Ingredients, Inc. has a 1-year low of $0.92 and a 1-year high of $6.11. The firm’s fifty day moving average price is $4.62 and its 200 day moving average price is $4.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.19 and a quick ratio of 2.17.

Alto Ingredients (NASDAQ:ALTO) last announced its quarterly earnings results 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. Alto Ingredients had a net margin of 5.51% and a return on equity of 18.54%. The business had revenue of $245.70 million for the quarter, compared to the consensus estimate of $231.24 million. As a group, sell-side analysts expect that Alto Ingredients, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ALTO. HC Wainwright reiterated a “buy” rating on shares of Alto Ingredients in a report on Thursday, August 6th. Zacks Research cut shares of Alto Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Scotiabank set a $10.00 target price on Alto Ingredients in a report on Thursday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Alto Ingredients in a 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ALTO. California State Teachers Retirement System bought a new position in Alto Ingredients in the second quarter valued at $33,000. Legal & General Group Plc bought a new stake in Alto Ingredients during the 2nd quarter worth about $41,000. Leonteq Securities AG acquired a new position in shares of Alto Ingredients during the 4th quarter worth about $44,000. Bank of New York Mellon Corp acquired a new position in shares of Alto Ingredients during the 1st quarter worth about $49,000. Finally, Sei Investments Co. bought a new position in shares of Alto Ingredients in the 1st quarter valued at about $58,000. 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.