86,053 Shares in Alto Ingredients, Inc. (NASDAQ:ALTO) Bought by Virtu Financial LLC

Virtu Financial LLC bought a new stake in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 86,053 shares of the company’s stock, valued at approximately $139,000. Virtu Financial LLC owned about 0.11% of Alto Ingredients as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ALTO. Connor Clark & Lunn Investment Management Ltd. raised its holdings 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 buying an additional 34,061 shares during the period. Barclays PLC lifted its position 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 acquiring an additional 42,450 shares in the last quarter. Corsair Capital Management L.P. purchased a new stake in shares of Alto Ingredients in the 3rd quarter valued at approximately $142,000. Marshall Wace LLP purchased a new position in Alto Ingredients during the 2nd quarter worth approximately $202,000. Finally, Empowered Funds LLC raised its stake in Alto Ingredients by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 241,977 shares of the company’s stock valued at $390,000 after purchasing an additional 12,328 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Alto Ingredients Price Performance

Shares of NASDAQ:ALTO opened at $1.53 on Friday. The company has a market cap of $117.27 million, a P/E ratio of -2.94 and a beta of 1.91. The company’s fifty day moving average is $1.55 and its two-hundred day moving average is $1.51. The company has a quick ratio of 2.15, a current ratio of 3.22 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 $3.00.

Alto Ingredients (NASDAQ:ALTO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.06). The business had revenue of $251.81 million during the quarter, compared to analysts’ expectations of $274.94 million. Alto Ingredients had a negative return on equity of 11.22% and a negative net margin of 3.61%. During the same period in the prior year, the company posted ($0.05) earnings per share. Equities analysts expect 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.