Dimensional Fund Advisors LP Sells 415,028 Shares of Alto Ingredients, Inc. (NASDAQ:ALTO)

Dimensional Fund Advisors LP reduced its stake in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) by 18.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,872,296 shares of the company’s stock after selling 415,028 shares during the quarter. Dimensional Fund Advisors LP owned about 2.47% of Alto Ingredients worth $2,706,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in shares of Alto Ingredients during the 1st quarter valued at approximately $62,000. Virtu Financial LLC purchased a new stake in shares of Alto Ingredients in the first quarter valued at $68,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Alto Ingredients in the 1st quarter worth about $131,000. Empowered Funds LLC purchased a new position in shares of Alto Ingredients during the 1st quarter worth about $286,000. Finally, Panagora Asset Management Inc. bought a new position in Alto Ingredients during the 2nd quarter valued at about $400,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Alto Ingredients Price Performance

ALTO opened at $1.67 on Friday. The company has a quick ratio of 2.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $1.50 and a 200 day moving average of $1.63. Alto Ingredients, Inc. has a 52-week low of $1.28 and a 52-week high of $4.98. The stock has a market cap of $126.41 million, a P/E ratio of -4.39 and a beta of 1.98.

Alto Ingredients (NASDAQ:ALTO) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.06. The company had revenue of $236.47 million for the quarter, compared to the consensus estimate of $236.17 million. Alto Ingredients had a negative net margin of 3.49% and a negative return on equity of 11.26%. During the same quarter last year, the firm posted $0.10 EPS. As a group, sell-side analysts anticipate that Alto Ingredients, Inc. will post -0.04 EPS for the current year.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “buy” rating and issued a $5.50 price objective on shares of Alto Ingredients in a research note on Wednesday, August 7th.

Alto Ingredients Profile

Alto Ingredients, Inc produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western 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 and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients include dried yeast, corn protein meal, corn protein feed, distiller's grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast for human consumption.