Gilbert Nathan Buys 20,000 Shares of Alto Ingredients (NASDAQ:ALTO) Stock

Alto Ingredients, Inc. (NASDAQ:ALTO) Director Gilbert Nathan bought 20,000 shares of Alto Ingredients stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average price of $4.61 per share, with a total value of $92,200.00. Following the purchase, the director directly owned 769,741 shares of the company’s stock, valued at approximately $3,548,506.01. This represents a 2.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Alto Ingredients Stock Performance

Shares of ALTO traded up $0.07 during trading hours on Thursday, hitting $4.66. The company’s stock had a trading volume of 1,472,109 shares, compared to its average volume of 1,672,790. The company has a market cap of $360.17 million, a price-to-earnings ratio of 12.59 and a beta of 0.14. 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 business has a 50 day simple moving average of $4.68 and a two-hundred day simple moving average of $3.19. Alto Ingredients, Inc. has a 52-week low of $0.84 and a 52-week high of $5.99.

Alto Ingredients (NASDAQ:ALTO) last posted its earnings results on Wednesday, May 6th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.13. The firm had revenue of $224.68 million during the quarter, compared to the consensus estimate of $215.65 million. Alto Ingredients had a net margin of 3.20% and a return on equity of 9.77%. On average, equities analysts expect that Alto Ingredients, Inc. will post 0.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alto Ingredients

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new stake in Alto Ingredients during the first quarter valued at approximately $49,000. Vontobel Holding Ltd. bought a new stake in Alto Ingredients during the fourth quarter valued at approximately $33,000. Sei Investments Co. bought a new stake in Alto Ingredients during the first quarter valued at approximately $58,000. Leonteq Securities AG bought a new stake in Alto Ingredients during the fourth quarter valued at approximately $44,000. Finally, CreativeOne Wealth LLC bought a new stake in Alto Ingredients during the fourth quarter valued at approximately $46,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ALTO has been the subject of a number of analyst reports. HC Wainwright raised their price objective 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. Weiss Ratings upgraded shares of Alto Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Alto Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 23rd. Finally, Zacks Research lowered shares of Alto Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.00.

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.