Signet Private Wealth LLC Makes New $261,000 Investment in Alto Ingredients, Inc. $ALTO

Signet Private Wealth LLC purchased a new position in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 90,656 shares of the company’s stock, valued at approximately $261,000. Signet Private Wealth LLC owned approximately 0.12% of Alto Ingredients at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Leonteq Securities AG acquired a new stake in Alto Ingredients during the fourth quarter worth $44,000. Sagespring Wealth Partners LLC acquired a new stake in Alto Ingredients during the fourth quarter worth $72,000. Virtu Financial LLC acquired a new stake in Alto Ingredients during the third quarter worth $52,000. JPMorgan Chase & Co. boosted its stake in Alto Ingredients by 2,539,250.0% during the second quarter. JPMorgan Chase & Co. now owns 50,787 shares of the company’s stock worth $58,000 after buying an additional 50,785 shares in the last quarter. Finally, GWN Securities Inc. acquired a new stake in Alto Ingredients during the fourth quarter worth $378,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Alto Ingredients Stock Up 7.6%

Shares of NASDAQ:ALTO opened at $5.66 on Thursday. Alto Ingredients, Inc. has a 52 week low of $0.92 and a 52 week high of $5.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.54 and a current ratio of 3.81. The company’s fifty day moving average is $5.03 and its 200-day moving average is $3.70. The company has a market capitalization of $438.59 million, a PE ratio of 15.30 and a beta of 0.13.

Alto Ingredients (NASDAQ:ALTO) last issued its earnings results on Wednesday, May 6th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.13. Alto Ingredients had a net margin of 3.20% and a return on equity of 9.77%. The company had revenue of $224.68 million for the quarter, compared to the consensus estimate of $215.65 million. Equities research analysts predict that Alto Ingredients, Inc. will post 0.54 earnings per share for the current fiscal year.

Insider Activity at Alto Ingredients

In other news, Director Gilbert E. Nathan bought 20,000 shares of Alto Ingredients stock in a transaction dated Tuesday, May 12th. The shares were bought at an average price of $4.61 per share, for a total transaction of $92,200.00. Following the purchase, the director owned 769,741 shares of the company’s stock, valued at approximately $3,548,506.01. This trade represents a 2.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ALTO shares. HC Wainwright lifted their price target on shares of Alto Ingredients from $5.50 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Alto Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 23rd. Weiss Ratings upgraded shares of Alto Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Finally, Zacks Research upgraded shares of Alto Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Alto Ingredients currently has an average rating of “Buy” and a consensus target price of $10.00.

About Alto Ingredients

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.