Alto Ingredients, Inc. $ALTO Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. grew its position in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) by 590.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,000,703 shares of the company’s stock after buying an additional 855,703 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Alto Ingredients were worth $4,843,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Hamilton Capital Partners LLC purchased a new position in Alto Ingredients during the fourth quarter worth about $577,000. Signet Private Wealth LLC acquired a new stake in Alto Ingredients in the fourth quarter valued at about $261,000. AdvisorShares Investments LLC purchased a new stake in Alto Ingredients in the 4th quarter valued at approximately $423,000. Sagespring Wealth Partners LLC purchased a new stake in Alto Ingredients in the 4th quarter valued at approximately $72,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Alto Ingredients during the 4th quarter worth approximately $312,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ALTO. Zacks Research downgraded Alto Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings upgraded Alto Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Wall Street Zen raised Alto Ingredients from a “buy” rating to a “strong-buy” rating in a report on Monday, March 23rd. Finally, HC Wainwright increased their price objective on Alto Ingredients from $5.50 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.00.

Insider Buying and Selling at Alto Ingredients

In other news, Director Gilbert E. Nathan purchased 20,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average price of $4.61 per share, for a total transaction of $92,200.00. Following the completion of the transaction, the director directly owned 769,741 shares in the company, valued at $3,548,506.01. This represents a 2.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 4.28% of the stock is currently owned by corporate insiders.

Alto Ingredients Stock Performance

NASDAQ ALTO opened at $5.62 on Wednesday. Alto Ingredients, Inc. has a 1-year low of $0.92 and a 1-year high of $6.11. The company has a market capitalization of $435.49 million, a P/E ratio of 15.19 and a beta of 0.13. The business has a 50 day moving average price of $5.24 and a 200 day moving average price of $4.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.81 and a quick ratio of 2.54.

Alto Ingredients (NASDAQ:ALTO) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.05 earnings per share (EPS) 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 analysts’ expectations of $215.65 million. Alto Ingredients had a return on equity of 9.77% and a net margin of 3.20%. Sell-side analysts expect that Alto Ingredients, Inc. will post 0.54 EPS for the current fiscal year.

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.