Marquette Asset Management LLC Buys Shares of 136,394 Alto Ingredients, Inc. (NASDAQ:ALTO)

Marquette Asset Management LLC bought a new stake in Alto Ingredients, Inc. (NASDAQ:ALTO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 136,394 shares of the company’s stock, valued at approximately $213,000. Marquette Asset Management LLC owned about 0.18% of Alto Ingredients at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Alto Ingredients by 137.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,788 shares of the company’s stock valued at $95,000 after acquiring an additional 34,061 shares during the last quarter. Barclays PLC lifted 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 purchasing an additional 42,450 shares during the period. Virtu Financial LLC bought a new position in shares of Alto Ingredients in the 3rd quarter worth $139,000. Corsair Capital Management L.P. acquired a new stake in shares of Alto Ingredients during the third quarter worth $142,000. Finally, Marshall Wace LLP bought a new stake in Alto Ingredients in the second quarter valued at about $202,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Alto Ingredients Trading Down 1.2 %

NASDAQ:ALTO opened at $1.61 on Wednesday. The firm has a market capitalization of $123.40 million, a price-to-earnings ratio of -3.10 and a beta of 1.87. Alto Ingredients, Inc. has a 1-year low of $1.18 and a 1-year high of $2.40. The business’s 50-day moving average price is $1.51 and its two-hundred day moving average price is $1.54. 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 (NASDAQ:ALTO) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). Alto Ingredients had a negative return on equity of 11.22% and a negative net margin of 3.61%. The firm had revenue of $251.81 million for the quarter, compared to the consensus estimate of $274.94 million. During the same period in the previous year, the business earned ($0.05) EPS. On average, equities analysts expect that Alto Ingredients, Inc. will post -0.37 earnings per share for the current year.

Alto Ingredients Company 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.