SBI Securities Co. Ltd. Makes New $54,000 Investment in Alto Ingredients, Inc. (NASDAQ:ALTO)

SBI Securities Co. Ltd. acquired a new stake in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 34,871 shares of the company’s stock, valued at approximately $54,000.

Several other hedge funds have also made changes to their positions in the stock. Peapod Lane Capital LLC bought a new stake in shares of Alto Ingredients during the fourth quarter valued at approximately $1,465,000. Empowered Funds LLC boosted its stake in Alto Ingredients by 4.9% during the fourth quarter. Empowered Funds LLC now owns 253,926 shares of the company’s stock worth $396,000 after buying an additional 11,949 shares in the last quarter. Marquette Asset Management LLC bought a new stake in Alto Ingredients in the 4th quarter valued at $213,000. Virtu Financial LLC acquired a new position in shares of Alto Ingredients in the 3rd quarter valued at $139,000. Finally, Barclays PLC raised its stake in shares of Alto Ingredients by 123.9% in the 3rd quarter. Barclays PLC now owns 76,703 shares of the company’s stock valued at $123,000 after buying an additional 42,450 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Alto Ingredients Price Performance

Shares of ALTO stock opened at $1.41 on Tuesday. The stock’s fifty day simple moving average is $1.64 and its 200 day simple moving average is $1.58. Alto Ingredients, Inc. has a one year low of $1.18 and a one year high of $2.40. The firm has a market cap of $108.07 million, a price-to-earnings ratio of -2.71 and a beta of 1.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.22 and a quick ratio of 2.15.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and set a $5.50 price target on shares of Alto Ingredients in a research note on Thursday, March 6th.

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.