Marquette Asset Management LLC Makes New Investment in Alto Ingredients, Inc. (NASDAQ:ALTO)

Marquette Asset Management 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 disclosure with the Securities and Exchange Commission (SEC). The firm purchased 136,394 shares of the company’s stock, valued at approximately $213,000.

Several other institutional investors have also modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. increased its stake in Alto Ingredients by 137.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,788 shares of the company’s stock worth $95,000 after purchasing an additional 34,061 shares in the last quarter. Barclays PLC lifted its stake in Alto Ingredients by 123.9% in the third 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. Virtu Financial LLC acquired a new position in shares of Alto Ingredients in the third quarter valued at approximately $139,000. Corsair Capital Management L.P. bought a new stake in shares of Alto Ingredients during the third quarter worth $142,000. Finally, Marshall Wace LLP acquired a new stake in shares of Alto Ingredients during the second quarter worth $202,000. Institutional investors own 42.44% of the company’s stock.

Alto Ingredients Trading Down 1.2 %

ALTO opened at $1.61 on Wednesday. The stock has a market capitalization of $123.40 million, a P/E ratio of -3.10 and a beta of 1.87. 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 12 month low of $1.18 and a 12 month high of $2.40. The firm’s fifty day simple moving average is $1.51 and its 200 day simple moving average is $1.54.

Alto Ingredients (NASDAQ:ALTO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). The firm had revenue of $251.81 million during the quarter, compared to the consensus estimate 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 firm earned ($0.05) earnings per share. As a group, research analysts anticipate that Alto Ingredients, Inc. will post -0.37 EPS for the current fiscal year.

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.