Insider Buying: Alto Ingredients (NASDAQ:ALTO) Director Purchases $22,250.00 in Stock

Alto Ingredients, Inc. (NASDAQ:ALTO) Director Gilbert Nathan acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $4.45 per share, with a total value of $22,250.00. Following the completion of the acquisition, the director directly owned 774,741 shares in the company, valued at approximately $3,447,597.45. This represents a 0.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Alto Ingredients Stock Up 0.2%

ALTO opened at $4.67 on Friday. The stock’s 50 day moving average price is $4.76 and its 200 day moving average price is $3.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.81 and a quick ratio of 1.60. The stock has a market cap of $361.88 million, a P/E ratio of 12.62 and a beta of 0.14. 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 quarterly earnings results on Wednesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $215.65 million. As a group, research analysts predict that Alto Ingredients, Inc. will post 0.54 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Trading of Alto Ingredients

Several institutional investors have recently modified their holdings of the company. Corsair Capital Management L.P. lifted its holdings in shares of Alto Ingredients by 4.0% in the first quarter. Corsair Capital Management L.P. now owns 260,200 shares of the company’s stock valued at $1,259,000 after buying an additional 10,000 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Alto Ingredients by 9.8% in the first quarter. Renaissance Technologies LLC now owns 1,673,657 shares of the company’s stock valued at $8,100,000 after buying an additional 149,657 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Alto Ingredients by 67.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,790,263 shares of the company’s stock valued at $8,665,000 after buying an additional 723,996 shares during the period. Sei Investments Co. acquired a new stake in shares of Alto Ingredients in the first quarter valued at $58,000. Finally, Walleye Capital LLC acquired a new stake in shares of Alto Ingredients in the first quarter valued at $2,253,000. Institutional investors and hedge funds 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.