Virtu Financial LLC Sells 40,088 Shares of Alto Ingredients, Inc. (NASDAQ:ALTO)

Virtu Financial LLC lowered its stake in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) by 46.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,965 shares of the company’s stock after selling 40,088 shares during the quarter. Virtu Financial LLC’s holdings in Alto Ingredients were worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in shares of Alto Ingredients during the 4th quarter worth approximately $54,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Alto Ingredients by 137.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,788 shares of the company’s stock valued at $95,000 after purchasing an additional 34,061 shares in the last quarter. Barclays PLC grew its stake in Alto Ingredients by 123.9% in the third quarter. Barclays PLC now owns 76,703 shares of the company’s stock worth $123,000 after purchasing an additional 42,450 shares during the period. Marquette Asset Management LLC bought a new position in Alto Ingredients in the fourth quarter worth $213,000. Finally, Empowered Funds LLC lifted its position in Alto Ingredients by 4.9% during the fourth quarter. Empowered Funds LLC now owns 253,926 shares of the company’s stock valued at $396,000 after buying an additional 11,949 shares during the period. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Alto Ingredients Price Performance

ALTO stock opened at $1.14 on Tuesday. 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 has a 50 day moving average price of $1.51 and a 200-day moving average price of $1.57. Alto Ingredients, Inc. has a 52-week low of $1.12 and a 52-week high of $2.40. The firm has a market capitalization of $87.34 million, a price-to-earnings ratio of -2.19 and a beta of 1.73.

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.