Gilbert Nathan Buys 50,000 Shares of Alto Ingredients (NASDAQ:ALTO) Stock

Alto Ingredients, Inc. (NASDAQ:ALTO) Director Gilbert Nathan bought 50,000 shares of Alto Ingredients stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $4.15 per share, with a total value of $207,500.00. Following the completion of the acquisition, the director directly owned 856,393 shares in the company, valued at $3,554,030.95. This represents a 6.20% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alto Ingredients Price Performance

NASDAQ ALTO opened at $4.20 on Friday. Alto Ingredients, Inc. has a 12 month low of $0.92 and a 12 month high of $6.11. The stock has a market cap of $325.46 million, a price-to-earnings ratio of 6.27 and a beta of 0.17. The company’s 50 day moving average is $5.14 and its two-hundred day moving average is $4.50. The company has a current ratio of 3.81, a quick ratio of 2.54 and a debt-to-equity ratio of 0.29.

Alto Ingredients (NASDAQ:ALTO) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. The business had revenue of $245.70 million during the quarter, compared to analyst estimates of $231.24 million. Alto Ingredients had a net margin of 5.51% and a return on equity of 18.94%. As a group, research analysts anticipate that Alto Ingredients, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ALTO has been the subject of a number of analyst reports. HC Wainwright reiterated a “buy” rating on shares of Alto Ingredients in a research note on Thursday, August 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 research note on Friday, July 31st. Finally, Zacks Research cut Alto Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.00.

Hedge Funds Weigh In On Alto Ingredients

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vontobel Holding Ltd. purchased a new position in Alto Ingredients during the fourth quarter valued at $33,000. Leonteq Securities AG purchased a new stake in Alto Ingredients in the 4th quarter worth $44,000. CreativeOne Wealth LLC bought a new position in shares of Alto Ingredients during the 4th quarter valued at about $46,000. Bank of New York Mellon Corp bought a new position in shares of Alto Ingredients during the 1st quarter valued at about $49,000. Finally, Virtu Financial LLC purchased a new position in shares of Alto Ingredients during the third quarter valued at about $52,000. 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.