Alto Ingredients, Inc. (NASDAQ:ALTO) Director Gilbert E. Nathan Purchases 15,000 Shares

Alto Ingredients, Inc. (NASDAQ:ALTO – Get Rating) Director Gilbert E. Nathan acquired 15,000 shares of Alto Ingredients stock in a transaction dated Wednesday, March 15th. The shares were bought at an average price of $1.86 per share, for a total transaction of $27,900.00. Following the transaction, the director now owns 553,909 shares of the company’s stock, valued at $1,030,270.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Alto Ingredients Price Performance

ALTO traded down $0.09 during trading hours on Friday, hitting $1.73. The company’s stock had a trading volume of 1,874,642 shares, compared to its average volume of 832,435. The business’s 50-day moving average price is $2.98 and its 200-day moving average price is $3.40. Alto Ingredients, Inc. has a 12 month low of $1.69 and a 12 month high of $7.37. The stock has a market cap of $127.95 million, a price-to-earnings ratio of -2.88 and a beta of 2.51. The company has a current ratio of 3.42, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. HC Wainwright reduced their price target on shares of Alto Ingredients from $10.00 to $7.00 in a research report on Monday, March 13th. TheStreet cut shares of Alto Ingredients from a “c” rating to a “d” rating in a research report on Friday, March 10th.

Institutional Investors Weigh In On Alto Ingredients

Large investors have recently bought and sold shares of the business. American Century Companies Inc. purchased a new position in Alto Ingredients during the fourth quarter worth $32,000. Prelude Capital Management LLC purchased a new position in Alto Ingredients during the third quarter worth $50,000. Blueshift Asset Management LLC purchased a new position in Alto Ingredients during the third quarter worth $51,000. Great West Life Assurance Co. Can purchased a new position in Alto Ingredients during the third quarter worth $59,000. Finally, Bayesian Capital Management LP purchased a new position in Alto Ingredients during the third quarter worth $72,000. Institutional investors own 52.20% of the company’s stock.

About Alto Ingredients

(Get Rating)

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 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.