Alto Ingredients, Inc. (NASDAQ:ALTO) CEO Michael D. Kandris Acquires 12,415 Shares of Stock

Alto Ingredients, Inc. (NASDAQ:ALTOGet Rating) CEO Michael D. Kandris acquired 12,415 shares of the business’s stock in a transaction on Friday, May 20th. The stock was purchased at an average cost of $4.06 per share, with a total value of $50,404.90. Following the acquisition, the chief executive officer now directly owns 548,784 shares of the company’s stock, valued at approximately $2,228,063.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

ALTO opened at $4.15 on Monday. The company has a market cap of $305.97 million, a PE ratio of 8.14 and a beta of 2.61. Alto Ingredients, Inc. has a twelve month low of $3.86 and a twelve month high of $7.37. The company has a 50-day moving average price of $5.95 and a 200 day moving average price of $5.51. The company has a quick ratio of 2.28, a current ratio of 3.01 and a debt-to-equity ratio of 0.16.

Alto Ingredients (NASDAQ:ALTOGet Rating) last announced its earnings results on Monday, May 9th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.18). Alto Ingredients had a net margin of 2.99% and a return on equity of 11.32%. During the same period last year, the firm posted $0.07 EPS. As a group, sell-side analysts expect that Alto Ingredients, Inc. will post 0.24 earnings per share for the current year.

ALTO has been the subject of several recent analyst reports. Zacks Investment Research lowered Alto Ingredients from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. TheStreet downgraded Alto Ingredients from a “b-” rating to a “c” rating in a research note on Tuesday, May 10th.

A number of hedge funds have recently made changes to their positions in ALTO. BlackRock Inc. grew its holdings in shares of 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 buying an additional 301,102 shares in the last quarter. State Street Corp grew its stake in Alto Ingredients by 7.1% during the 1st quarter. State Street Corp now owns 4,803,181 shares of the company’s stock valued at $32,758,000 after acquiring an additional 316,663 shares in the last quarter. Vanguard Group Inc. grew its stake in Alto Ingredients by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 3,554,240 shares of the company’s stock valued at $24,240,000 after acquiring an additional 43,735 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Alto Ingredients in the 4th quarter valued at about $11,640,000. Finally, Dimensional Fund Advisors LP lifted its stake in Alto Ingredients by 43.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,046,461 shares of the company’s stock worth $13,957,000 after purchasing an additional 623,433 shares in the last quarter. Institutional investors own 57.54% of the company’s stock.

About Alto Ingredients (Get Rating)

Alto Ingredients, Inc produces and markets specialty alcohols and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Production, and Other Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages, flavor extracts, and vinegar, as well as corn germ used in corn oils and carbon dioxide for food and beverage markets; and essential ingredients include dried yeast, corn gluten meal, corn gluten feed, distillers grains, and liquid feed for commercial animal feed and pet food applications.

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