Peapod Lane Capital LLC Takes Position in Alto Ingredients, Inc. (NASDAQ:ALTO)

Peapod Lane Capital LLC purchased a new stake in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) during the 4th quarter, Holdings Channel reports. The fund purchased 939,097 shares of the company’s stock, valued at approximately $1,465,000. Alto Ingredients accounts for about 1.5% of Peapod Lane Capital LLC’s portfolio, making the stock its 29th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position 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 buying an additional 34,061 shares in 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 acquiring an additional 42,450 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Alto Ingredients during the 3rd quarter valued at $139,000. Corsair Capital Management L.P. bought a new stake in Alto Ingredients during the 3rd quarter worth $142,000. Finally, Marquette Asset Management LLC acquired a new position in Alto Ingredients in the 4th quarter worth about $213,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Alto Ingredients Price Performance

Alto Ingredients stock opened at $1.51 on Thursday. The stock has a 50-day moving average price of $1.61 and a two-hundred day moving average price of $1.56. Alto Ingredients, Inc. has a 12 month low of $1.18 and a 12 month high of $2.40. 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 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.