Dimensional Fund Advisors LP Purchases 281,833 Shares of Alto Ingredients, Inc. $ALTO

Key Points

• Dimensional Fund Advisors increased its Alto Ingredients stake by 74.7% in the first quarter, adding 281,833 shares for a total of 659,268 shares valued at approximately $3.19 million. Institutional investors collectively own 42.44% of the company.
• Alto Ingredients reported quarterly earnings of $0.15 per share, beating estimates of $0.08, while revenue reached $245.7 million versus the $231.24 million consensus forecast.
• The stock opened at $4.06 and has declined 2.6%; analysts maintain a consensus “Hold” rating with a $10.00 target price. Director Gilbert E. Nathan also purchased 50,000 shares at $4.15 each.

Dimensional Fund Advisors LP raised its holdings in shares of Alto Ingredients, Inc. (NASDAQ:ALTO - Free Report) by 74.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 659,268 shares of the company's stock after acquiring an additional 281,833 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.85% of Alto Ingredients worth $3,190,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Peapod Lane Capital LLC grew its position in shares of Alto Ingredients by 0.7% during the fourth 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. Hsbc Holdings PLC raised its position in shares of Alto Ingredients by 36.8% during the first 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 during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Alto Ingredients during the first quarter valued at approximately $49,000. Vontobel Holding Ltd. purchased a new position in shares of Alto Ingredients in the fourth quarter worth $33,000. Finally, XTX Topco Ltd boosted its position in shares of Alto Ingredients by 34.2% during the fourth quarter. XTX Topco Ltd now owns 52,753 shares of the company's stock worth $152,000 after acquiring an additional 13,431 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Alto Ingredients Trading Down 2.6%

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

Alto Ingredients (NASDAQ:ALTO - Get Free Report) 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. Alto Ingredients had a net margin of 5.51% and a return on equity of 18.94%. The business had revenue of $245.70 million for the quarter, compared to analysts' expectations of $231.24 million. As a group, research analysts forecast that Alto Ingredients, Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling at Alto Ingredients

In other Alto Ingredients news, Director Gilbert E. Nathan bought 50,000 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $207,500.00. Following the completion of 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.28% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ALTO. Zacks Research downgraded shares of Alto Ingredients from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Scotiabank set a $10.00 price objective on Alto Ingredients in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Alto Ingredients in a report on Friday, July 31st. Finally, HC Wainwright reiterated a "buy" rating on shares of Alto Ingredients in a research report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Alto Ingredients presently has a consensus rating of "Hold" and a consensus target price 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.

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