232,071 Shares in Alto Ingredients, Inc. $ALTO Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in Alto Ingredients, Inc. (NASDAQ:ALTO) in the second quarter, Holdings Channel.com reports. The firm purchased 232,071 shares of the company’s stock, valued at approximately $1,323,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vontobel Holding Ltd. bought a new position in shares of Alto Ingredients in the fourth quarter worth about $33,000. Leonteq Securities AG purchased a new stake in shares of Alto Ingredients during the fourth quarter worth about $44,000. CreativeOne Wealth LLC bought a new stake in Alto Ingredients during the 4th quarter valued at approximately $46,000. Bank of New York Mellon Corp bought a new stake in Alto Ingredients during the 1st quarter valued at approximately $49,000. Finally, Virtu Financial LLC purchased a new position in Alto Ingredients in the 3rd quarter worth approximately $52,000. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Alto Ingredients

In other news, Director Gilbert E. Nathan acquired 50,000 shares of Alto Ingredients stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of $4.15 per share, with a total value of $207,500.00. Following the purchase, the director directly owned 856,393 shares in the company, valued at $3,554,030.95. The trade was a 6.20% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.28% of the stock is currently owned by insiders.

Alto Ingredients Trading Up 1.0%

Shares of ALTO stock opened at $4.22 on Tuesday. 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 3.19, a quick ratio of 2.17 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average price is $5.09 and its 200-day moving average price is $4.52. The stock has a market capitalization of $327.35 million, a price-to-earnings ratio of 6.30 and a beta of 0.17.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on ALTO shares. Weiss Ratings restated a “hold (c)” rating on shares of Alto Ingredients in a research note on Friday, July 31st. Scotiabank set a $10.00 price objective on shares of Alto Ingredients in a research report on Thursday, August 6th. Zacks Research downgraded shares of Alto Ingredients from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, HC Wainwright restated 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.00.

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.