Empowered Funds LLC Purchases 12,328 Shares of Alto Ingredients, Inc. (NASDAQ:ALTO)

Empowered Funds LLC increased its holdings in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,977 shares of the company’s stock after purchasing an additional 12,328 shares during the period. Empowered Funds LLC owned approximately 0.32% of Alto Ingredients worth $390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Alto Ingredients in the 1st quarter valued at $62,000. Virtu Financial LLC bought a new stake in shares of Alto Ingredients in the first quarter valued at about $68,000. Marshall Wace LLP acquired a new position in shares of Alto Ingredients during the second quarter worth about $202,000. GSA Capital Partners LLP grew its holdings in shares of Alto Ingredients by 100.5% during the third quarter. GSA Capital Partners LLP now owns 247,676 shares of the company’s stock worth $399,000 after buying an additional 124,163 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in Alto Ingredients in the 2nd quarter valued at approximately $400,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and set a $5.50 price target on shares of Alto Ingredients in a research report on Wednesday, August 7th.

Alto Ingredients Stock Down 1.4 %

Alto Ingredients stock opened at $1.40 on Tuesday. The company has a fifty day simple moving average of $1.62 and a 200 day simple moving average of $1.53. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.32. Alto Ingredients, Inc. has a 1-year low of $1.18 and a 1-year high of $3.00. The company has a market cap of $107.31 million, a P/E ratio of -2.69 and a beta of 1.97.

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

About Alto Ingredients

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.