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

Key Points

• Director Gilbert Nathan purchased 10,000 Alto Ingredients shares at an average price of $3.93, investing $39,300 and increasing his direct ownership to 866,393 shares.
• Alto Ingredients reported quarterly EPS of $0.15, beating estimates of $0.08, while revenue of $245.7 million also exceeded consensus expectations of $231.24 million.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $10 average price target; institutional investors own approximately 42.44% of the company.

Alto Ingredients, Inc. (NASDAQ:ALTO - Get Free Report) Director Gilbert Nathan bought 10,000 shares of the business's stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average price of $3.93 per share, with a total value of $39,300.00. Following the transaction, the director directly owned 866,393 shares in the company, valued at $3,404,924.49. This trade represents a 1.17% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Alto Ingredients Price Performance

NASDAQ:ALTO traded up $0.06 during trading hours on Monday, reaching $3.96. The company had a trading volume of 1,258,538 shares, compared to its average volume of 1,935,787. The company has a quick ratio of 2.17, a current ratio of 3.19 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average of $4.62 and a two-hundred day moving average of $4.72. Alto Ingredients, Inc. has a one year low of $0.92 and a one year high of $6.11. The firm has a market capitalization of $307.18 million, a PE ratio of 5.91 and a beta of 0.16.

Alto Ingredients (NASDAQ:ALTO - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate 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 net margin of 5.51% and a return on equity of 18.54%. Analysts forecast that Alto Ingredients, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

ALTO has been the subject of several recent analyst reports. Scotiabank set a $10.00 price objective on shares of Alto Ingredients in a report on Thursday, August 6th. Zacks Research lowered Alto Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 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 given a Hold rating to the stock. Based on data from MarketBeat, Alto Ingredients currently has a consensus rating of "Hold" and an average price target of $10.00.

Institutional Investors Weigh In On Alto Ingredients

Institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System bought a new position in Alto Ingredients in the second quarter valued at about $33,000. Legal & General Group Plc acquired a new position in Alto Ingredients during the 2nd quarter valued at about $41,000. Leonteq Securities AG acquired a new position in Alto Ingredients during the 4th quarter valued at about $44,000. Bank of New York Mellon Corp bought a new position in shares of Alto Ingredients in the 1st quarter valued at about $49,000. Finally, Sei Investments Co. bought a new stake in shares of Alto Ingredients during the first quarter worth approximately $58,000. Institutional investors own 42.44% of the company's stock.

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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