Gilbert E. Nathan Buys 5,000 Shares of Alto Ingredients, Inc. (NASDAQ:ALTO) Stock

Alto Ingredients, Inc. (NASDAQ:ALTO) Director Gilbert E. Nathan purchased 5,000 shares of the firm’s stock in a transaction on Friday, November 19th. The shares were purchased at an average price of $5.13 per share, with a total value of $25,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NASDAQ ALTO opened at $5.19 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.00 and a current ratio of 2.68. The firm has a 50-day simple moving average of $5.29 and a 200 day simple moving average of $5.44. Alto Ingredients, Inc. has a twelve month low of $4.39 and a twelve month high of $8.34. The stock has a market cap of $377.83 million, a PE ratio of -28.83 and a beta of 2.91.

Alto Ingredients (NASDAQ:ALTO) last released its earnings results on Monday, November 8th. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.17). Alto Ingredients had a negative net margin of 1.03% and a positive return on equity of 4.06%. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Research analysts forecast that Alto Ingredients, Inc. will post 0.22 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut shares of Alto Ingredients from a “hold” rating to a “strong sell” rating in a report on Friday, November 12th. One analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $8.50.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp bought a new position in Alto Ingredients during the second quarter worth about $42,850,000. BlackRock Inc. lifted its stake in Alto Ingredients by 5.9% during the third quarter. BlackRock Inc. now owns 5,421,120 shares of the company’s stock worth $26,781,000 after purchasing an additional 301,102 shares during the period. Vanguard Group Inc. bought a new position in Alto Ingredients during the second quarter worth about $20,814,000. Wells Fargo & Company MN bought a new position in Alto Ingredients during the second quarter worth about $18,653,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Alto Ingredients during the second quarter worth approximately $8,171,000. Hedge funds and other institutional investors own 59.40% of the company’s stock.

Alto Ingredients Company Profile

Alto Ingredients, Inc engages in the production and marketing of specialty alcohols and essential ingredients. It operates through the following segments: Marketing and Distribution, Pekin Campus Production, and Other Production. The Marketing and Distribution segment includes marketing and merchant trading for company-produced alcohols and essential ingredients, on an aggregated basis, and third-party fuel-grade ethanol.

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