Timothy G. Youngquist 2020 Irrevocable Trust Makes New Investment in Alto Ingredients, Inc. $ALTO

Timothy G. Youngquist 2020 Irrevocable Trust acquired a new position in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 189,690 shares of the company’s stock, valued at approximately $1,081,000. Timothy G. Youngquist 2020 Irrevocable Trust owned about 0.24% of Alto Ingredients as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of New York Mellon Corp acquired a new position in Alto Ingredients in the first quarter valued at $49,000. Vontobel Holding Ltd. acquired a new stake in Alto Ingredients in the 4th quarter worth about $33,000. Sei Investments Co. purchased a new stake in Alto Ingredients in the 1st quarter valued at about $58,000. Leonteq Securities AG purchased a new stake in Alto Ingredients in the 4th quarter valued at about $44,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of Alto Ingredients during the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Transactions at Alto Ingredients

In other Alto Ingredients news, Director Gilbert E. Nathan bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased 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 trade represents a 6.20% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.28% of the company’s stock.

Analyst Upgrades and Downgrades

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

Alto Ingredients Price Performance

ALTO stock opened at $4.24 on Wednesday. The company has a market cap of $328.90 million, a PE ratio of 6.33 and a beta of 0.17. The company has a current ratio of 3.19, a quick ratio of 2.17 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $5.07 and a two-hundred day moving average price of $4.53. Alto Ingredients, Inc. has a 12-month low of $0.92 and a 12-month high of $6.11.

Alto Ingredients (NASDAQ:ALTO) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. The company had revenue of $245.70 million for the quarter, compared to the consensus estimate of $231.24 million. Alto Ingredients had a return on equity of 18.54% and a net margin of 5.51%. As a group, research analysts predict that Alto Ingredients, Inc. will post 0.39 EPS for the current year.

Alto Ingredients 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.