GSA Capital Partners LLP Boosts Position in Alto Ingredients, Inc. (NASDAQ:ALTO)

GSA Capital Partners LLP lifted its position in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) by 100.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,676 shares of the company’s stock after purchasing an additional 124,163 shares during the quarter. GSA Capital Partners LLP owned 0.32% of Alto Ingredients worth $399,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ALTO. SG Americas Securities LLC purchased a new stake in Alto Ingredients in the 1st quarter valued at about $62,000. Virtu Financial LLC purchased a new stake in Alto Ingredients in the first quarter valued at approximately $68,000. Marshall Wace LLP purchased a new stake in Alto Ingredients in the second quarter valued at approximately $202,000. Panagora Asset Management Inc. purchased a new stake in Alto Ingredients in the second quarter valued at approximately $400,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Alto Ingredients by 48.3% during the second quarter. The Manufacturers Life Insurance Company now owns 351,748 shares of the company’s stock worth $508,000 after purchasing an additional 114,571 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Alto Ingredients Price Performance

Shares of NASDAQ ALTO opened at $1.42 on Friday. Alto Ingredients, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $3.00. The company has a quick ratio of 2.15, a current ratio of 3.22 and a debt-to-equity ratio of 0.32. The firm has a market cap of $108.84 million, a PE ratio of -2.73 and a beta of 1.97. The business has a 50 day moving average price of $1.62 and a two-hundred day moving average price of $1.54.

Alto Ingredients (NASDAQ:ALTO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). The firm had revenue of $251.81 million during the quarter, compared to analyst estimates of $274.94 million. Alto Ingredients had a negative net margin of 3.61% and a negative return on equity of 11.22%. During the same quarter last year, the company earned ($0.05) EPS. Sell-side analysts expect that Alto Ingredients, Inc. will post -0.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $5.50 target price on shares of Alto Ingredients in a report 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.