Signet Private Wealth LLC Makes New $261,000 Investment in Alto Ingredients, Inc. $ALTO

Signet Private Wealth LLC acquired a new position in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) in the 4th quarter, Holdings Channel.com reports. The firm acquired 90,656 shares of the company’s stock, valued at approximately $261,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in shares of Alto Ingredients by 8.5% in the 1st quarter. Empowered Funds LLC now owns 275,552 shares of the company’s stock valued at $314,000 after acquiring an additional 21,626 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Alto Ingredients by 2,539,250.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 50,787 shares of the company’s stock valued at $58,000 after acquiring an additional 50,785 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in shares of Alto Ingredients by 5.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 487,059 shares of the company’s stock valued at $560,000 after acquiring an additional 27,007 shares during the last quarter. Peapod Lane Capital LLC increased its stake in shares of Alto Ingredients by 1.1% in the 3rd quarter. Peapod Lane Capital LLC now owns 1,235,124 shares of the company’s stock valued at $1,334,000 after acquiring an additional 13,282 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Alto Ingredients in the 3rd quarter valued at about $52,000. 42.44% of the stock is owned by institutional investors.

Alto Ingredients Trading Up 7.6%

NASDAQ:ALTO opened at $5.66 on Thursday. Alto Ingredients, Inc. has a twelve month low of $0.92 and a twelve month high of $5.99. The company has a quick ratio of 2.54, a current ratio of 3.81 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $5.03 and a two-hundred day moving average price of $3.70. The company has a market cap of $438.59 million, a P/E ratio of 15.30 and a beta of 0.13.

Alto Ingredients (NASDAQ:ALTO) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $215.65 million. As a group, analysts expect that Alto Ingredients, Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ALTO shares. Wall Street Zen raised Alto Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 23rd. Weiss Ratings upgraded Alto Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. HC Wainwright boosted their price objective on Alto Ingredients from $5.50 to $10.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Zacks Research upgraded Alto Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $10.00.

Insiders Place Their Bets

In other Alto Ingredients news, Director Gilbert E. Nathan purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average price of $4.61 per share, for a total transaction of $92,200.00. Following the purchase, the director owned 769,741 shares in the company, valued at approximately $3,548,506.01. The trade was a 2.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.26% of the company’s stock.

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.