Insider Buying: Alto Ingredients (NASDAQ:ALTO) Director Purchases 5,000 Shares of Stock

Alto Ingredients, Inc. (NASDAQ:ALTO) Director Gilbert Nathan purchased 5,000 shares of Alto Ingredients stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $4.45 per share, for a total transaction of $22,250.00. Following the completion of the acquisition, the director owned 774,741 shares of the company’s stock, valued at approximately $3,447,597.45. The trade was a 0.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Alto Ingredients Trading Up 1.5%

Shares of NASDAQ:ALTO traded up $0.07 during midday trading on Thursday, hitting $4.66. 1,472,646 shares of the stock were exchanged, compared to its average volume of 1,673,060. The stock has a market capitalization of $360.17 million, a price-to-earnings ratio of 12.59 and a beta of 0.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.60 and a current ratio of 3.81. The business’s 50-day moving average price is $4.68 and its 200 day moving average price is $3.19. Alto Ingredients, Inc. has a 12 month low of $0.84 and a 12 month high of $5.99.

Alto Ingredients (NASDAQ:ALTO) last announced its earnings results on Wednesday, May 6th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.13. Alto Ingredients had a return on equity of 9.77% and a net margin of 3.20%.The business had revenue of $224.68 million for the quarter, compared to analysts’ expectations of $215.65 million. Analysts predict that Alto Ingredients, Inc. will post 0.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Alto Ingredients

A number of institutional investors and hedge funds have recently modified their holdings of the business. Peapod Lane Capital LLC boosted its holdings 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 buying an additional 9,074 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Alto Ingredients by 36.8% during the 1st quarter. Hsbc Holdings PLC now owns 37,471 shares of the company’s stock worth $183,000 after buying an additional 10,070 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Alto Ingredients during the 1st quarter worth approximately $49,000. Vontobel Holding Ltd. bought a new position in shares of Alto Ingredients during the 4th quarter worth approximately $33,000. Finally, Sei Investments Co. bought a new position in shares of Alto Ingredients during the 1st quarter worth approximately $58,000. 42.44% of the stock is currently owned by institutional investors.

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.