Gilbert Nathan Purchases 20,000 Shares of Alto Ingredients (NASDAQ:ALTO) Stock

Alto Ingredients, Inc. (NASDAQ:ALTO) Director Gilbert Nathan acquired 20,000 shares of Alto Ingredients stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average cost of $4.61 per share, with a total value of $92,200.00. Following the completion of the purchase, the director owned 769,741 shares in the company, valued at approximately $3,548,506.01. This represents a 2.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Alto Ingredients Stock Performance

Shares of ALTO stock opened at $4.67 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.81 and a quick ratio of 1.60. Alto Ingredients, Inc. has a fifty-two week low of $0.84 and a fifty-two week high of $5.99. The stock’s 50-day moving average is $4.76 and its two-hundred day moving average is $3.23. The firm has a market cap of $361.88 million, a P/E ratio of 12.62 and a beta of 0.14.

Alto Ingredients (NASDAQ:ALTO) last issued its earnings results on Wednesday, May 6th. The company reported $0.05 earnings per share for the quarter, topping 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 company had revenue of $224.68 million for the quarter, compared to analyst estimates of $215.65 million. Analysts predict that Alto Ingredients, Inc. will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of Alto Ingredients

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new stake in shares of Alto Ingredients in the 1st quarter worth approximately $49,000. Vontobel Holding Ltd. bought a new stake in shares of Alto Ingredients in the 4th quarter worth approximately $33,000. Sei Investments Co. bought a new stake in shares of Alto Ingredients in the 1st quarter worth approximately $58,000. Leonteq Securities AG bought a new stake in shares of Alto Ingredients in the 4th quarter worth approximately $44,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of Alto Ingredients in the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ALTO. Weiss Ratings raised Alto Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Wall Street Zen raised Alto Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 23rd. Zacks Research lowered Alto Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, HC Wainwright upped their target price on Alto Ingredients from $5.50 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Alto Ingredients has an average rating of “Hold” and an average price target of $10.00.

About Alto Ingredients

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.