Insider Buying: Alto Ingredients, Inc. (NASDAQ:ALTO) CEO Buys 12,415 Shares of Stock

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

NASDAQ ALTO opened at $4.45 on Thursday. Alto Ingredients, Inc. has a twelve month low of $3.86 and a twelve month high of $7.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.28 and a current ratio of 3.01. The stock has a market capitalization of $328.09 million, a PE ratio of 8.73 and a beta of 2.61. The stock has a 50-day simple moving average of $5.87 and a 200 day simple moving average of $5.49.

Alto Ingredients (NASDAQ:ALTOGet Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the prior year, the business earned $0.07 EPS. As a group, equities research analysts forecast that Alto Ingredients, Inc. will post 0.24 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quantamental Technologies LLC bought a new position in Alto Ingredients during the first quarter valued at about $172,000. Quantbot Technologies LP bought a new stake in shares of Alto Ingredients in the 1st quarter valued at approximately $1,140,000. Goldman Sachs Group Inc. grew its stake in shares of Alto Ingredients by 213.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 122,593 shares of the company’s stock valued at $836,000 after purchasing an additional 83,532 shares during the period. State Street Corp grew its stake in shares of Alto Ingredients by 7.1% in the 1st quarter. State Street Corp now owns 4,803,181 shares of the company’s stock valued at $32,758,000 after purchasing an additional 316,663 shares during the period. Finally, Graham Capital Management L.P. grew its stake in shares of Alto Ingredients by 32.2% in the 1st quarter. Graham Capital Management L.P. now owns 27,220 shares of the company’s stock valued at $185,000 after purchasing an additional 6,634 shares during the period. Hedge funds and other institutional investors own 57.54% of the company’s stock.

Several equities analysts recently weighed in on ALTO shares. Zacks Investment Research cut Alto Ingredients from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. TheStreet cut Alto Ingredients from a “b-” rating to a “c” rating in a research report on Tuesday, May 10th.

Alto Ingredients Company Profile (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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Insider Buying and Selling by Quarter for Alto Ingredients (NASDAQ:ALTO)

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