Peapod Lane Capital LLC Invests $1.47 Million in Alto Ingredients, Inc. (NASDAQ:ALTO)

Peapod Lane Capital LLC purchased a new position in Alto Ingredients, Inc. (NASDAQ:ALTO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 939,097 shares of the company’s stock, valued at approximately $1,465,000. Alto Ingredients accounts for 1.5% of Peapod Lane Capital LLC’s investment portfolio, making the stock its 29th largest position. Peapod Lane Capital LLC owned approximately 1.23% of Alto Ingredients as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in 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 worth $95,000 after buying an additional 34,061 shares in the last quarter. Barclays PLC lifted its holdings in shares of Alto Ingredients by 123.9% during the 3rd quarter. Barclays PLC now owns 76,703 shares of the company’s stock worth $123,000 after acquiring an additional 42,450 shares during the period. Virtu Financial LLC bought a new position in Alto Ingredients in the third quarter valued at approximately $139,000. Corsair Capital Management L.P. bought a new position in Alto Ingredients in the third quarter valued at approximately $142,000. Finally, Marquette Asset Management LLC acquired a new position in Alto Ingredients during the fourth quarter valued at approximately $213,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Alto Ingredients Price Performance

NASDAQ ALTO opened at $1.51 on Thursday. The business has a fifty day moving average price of $1.61 and a two-hundred day moving average price of $1.56. Alto Ingredients, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $2.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.15 and a current ratio of 3.22.

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.