Who the Heck Is Alto Ingredients?!
Interesting fundamentals behind the small-cap firm.
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Alto Ingredients (ALTO) is a firm that I have been thinking about initiating to the portfolio.
Alto Ingredients is a Pekin, Illinois based producer and distributor of specialty alcohols, renewable fuels and essential ingredients. The firm operates three distinct segments. Pekin Production includes the production and sale of alcohol and essential ingredients produced at three locations in Pekin. The Marketing & Distribution segment involves just that, marketing and distribution of the firm’s products on an aggregated basis. The Western Production segment covers the manufacture and sale of renewable fuels, primarily derived from corn and carbon dioxide to include liquid C02.
About a month ago, Alto released the firm’s financial results for the period ended March 31. Net sales contracted slightly to $224.7 million from $226.5 million. However, costs contracted more rapidly. The cost of goods sold dropped to $2155 million from $228.3 million as operating expenses dropped to $6.7 million from $7.2 million. The firm lost an adjusted $10 per fully diluted share (ALTO was GAAP profitable) and is projected to boast a GAAP and adjusted EPS of $0.09 for the current quarter. In fact, for the full year, ALTO is projected to post an adjusted EPS of $0.43 versus the year-ago comp of $0.01. The firm can boast positive cash flows and a robust current ratio.
Best of all, after those earnings were published on May 6, analyst Amit Dayal of Wainwright reiterated his “buy” rating on ALTO while increasing his target price to $10 from $5.50. Dayal is rated at nearly five stars out of five by TipRanks. Over the past two years, he has a 51% success rate with an average return of 30.4%.
Upcoming Portfolio Earnings
Planet Labs (PL): After the closing bell on Thursday, June 4
Monday’s Intention vs Monday’s Actual Trade
Intention: Sell 25 shares of (ONDS) at $14 (target price) or better
Actual trade: Nothing done
Tuesday’s Intentions
Sell 25 shares of ONDS at $14 (target price) or better
Purchase 100 shares of ALTO at or close to the last sale of $5.80
Current Positions
Long 2 shares of (AMZN) at $263.71. Target price: $324. Last sale: $257.65.
Long 60 shares of (EVLV) at $5.9895. Target price: $8.50. Last sale: $6.74.
Long 200 shares of (OCUL) at $8.271. Target price: $11. Last sale: $8.94.
Short one OCUL $11 September 18 call at $1.65. Last sale: $1.18.
Short one OCUL $9 July 17 call at $0.90. Last sale: $1.60.
Long 125 shares of ONDS at $9.4749. Target price: $14. Last sale: $13.28.
Long 7 shares of PL at $37.18. Target priceL $55. Last sale: $47.57.
Long 10 shares of (PLTR) at $137.906. Target price: $194. Last sale: $154.93.
Long 5 shares of (RKLB) at $59.206. Target price: $185. Last sale: $125.00.
Long 150 shares of (SIDU) at $3.0909. Target price: $6. Last sale: $4.53.
Long 200 shares of (SNAP) at $5.7642. Target price: $7.50. Last sale: $5.87.
Short two SNAP October 16 $6 calls at $0.87. Last sale: $1.01.
Long 150 shares of (SOFI) at $15.9035. Target price: $24. Last sale: $18.50.
Short one SOFI August 21 $20 call at $1.02. Last sale: $1.88.
Long 35 shares of (VELO) at $12.3231. Target price: $30. Last sale: $21.84.
Cash: $1,400.46.
Portfolio value: $13,909.73, +30.9% from inception on March 24.
At the time of publication, Guilfoyle was long AMZN, EVLV, OCUL, ONDS, PL, PLTR, RKLB, SIDU, SNAP SOFI and VELO.
