Alto IngredientsALTO
Market Cap: $109M
About: Alto Ingredients Inc is a producer of specialty alcohols and essential ingredients. The company serves five markets: Health, Home and Beauty, Food and Beverage, Essential Ingredients, and Renewable Fuels. Its customers include major food and beverage companies and consumer products manufacturers and distributors. The company operates under three segments: Marketing and distribution, Pekin Campus production, and Other production. The Marketing and distribution segment participates in marketing and merchant trading for alcohols and essential ingredients; Pekin Campus produces and sells products produced at the company's Pekin, Illinois, campus, and about half of the firm's revenue flows from this segment. Other production makes and sells from the company's other production facilities.
Employees: 460
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
840% more call options, than puts
Call options by funds: $1.4M | Put options by funds: $149K
6.07% less ownership
Funds ownership: 39.67% [Q1] → 33.6% (-6.07%) [Q2]
21% less funds holding
Funds holding: 103 [Q1] → 81 (-22) [Q2]
36% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 33
43% less capital invested
Capital invested by funds: $65.4M [Q1] → $37.2M (-$28.2M) [Q2]
73% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 30
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
HC Wainwright & Co. Amit Dayal 25% 1-year accuracy 23 / 93 met price target | 285%upside $5.50 | Buy Reiterated | 7 Aug 2024 |