GSA Capital Partners LLP Has $399,000 Holdings in Alto Ingredients, Inc. (NASDAQ:ALTO)

GSA Capital Partners LLP boosted its holdings in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) by 100.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 247,676 shares of the company’s stock after buying an additional 124,163 shares during the quarter. GSA Capital Partners LLP’s holdings in Alto Ingredients were worth $399,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Alto Ingredients during the first quarter worth approximately $62,000. Virtu Financial LLC bought a new stake in Alto Ingredients during the first quarter worth $68,000. Marshall Wace LLP bought a new stake in Alto Ingredients during the second quarter worth $202,000. Panagora Asset Management Inc. acquired a new position in shares of Alto Ingredients during the second quarter worth $400,000. Finally, The Manufacturers Life Insurance Company increased its holdings 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 buying an additional 114,571 shares in the last quarter. Institutional investors 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 stock has a market cap of $108.84 million, a price-to-earnings ratio of -2.73 and a beta of 1.97. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.15 and a current ratio of 3.22. The firm’s 50-day simple moving average is $1.62 and its 200 day simple moving average is $1.54.

Alto Ingredients (NASDAQ:ALTO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS 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 analysts’ expectations 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 business posted ($0.05) EPS. As a group, research analysts anticipate that Alto Ingredients, Inc. will post -0.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $5.50 price objective on shares of Alto Ingredients in a report on Wednesday, August 7th.

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.