Alto Ingredients Inc (ALTO)

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The 22,200 Shares in Pacific Ethanol Inc. (PEIX) Acquired by Alambic Investment Management L.P.
January 24, 2017 Jamie Williams

Source: http://dailyquint.com/2017-01-24-22200-shares-in-pacific-ethanol-inc-peix-acquired-by-alambic-investment-management-l-p/

Alambic Investment Management L.P. acquired a new stake in shares of Pacific Ethanol Inc. (NASDAQ:PEIX) during the third quarter, Holdings Channel reports. The firm acquired 22,200 shares of the company’s stock, valued at approximately $153,000. Alambic Investment Management L.P. owned approximately 0.05% of Pacific Ethanol as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in PEIX. DnB Asset Management AS increased its stake in Pacific Ethanol by 848.9% in the third quarter. DnB Asset Management AS now owns 1,090,448 shares of the company’s stock valued at $7,535,000 after buying an additional 975,536 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in Pacific Ethanol during the third quarter valued at approximately $1,703,000. Palo Capital Inc. acquired a new stake in Pacific Ethanol during the third quarter valued at approximately $139,000. Foundry Partners LLC increased its stake in Pacific Ethanol by 17.5% in the third quarter. Foundry Partners LLC now owns 472,000 shares of the company’s stock valued at $3,262,000 after buying an additional 70,425 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Pacific Ethanol by 23.3% in the second quarter. Parametric Portfolio Associates LLC now owns 479,021 shares of the company’s stock valued at $2,611,000 after buying an additional 90,528 shares during the last quarter. Hedge funds and other institutional investors own 67.75% of the company’s stock.

Shares of Pacific Ethanol Inc. (NASDAQ:PEIX) traded down 0.62% during midday trading on Friday, reaching $8.05. 470,488 shares of the company’s stock were exchanged. Pacific Ethanol Inc. has a 12-month low of $2.87 and a 12-month high of $10.95. The firm has a 50-day moving average of $9.25 and a 200-day moving average of $7.38. The stock’s market capitalization is $319.05 billion.

Pacific Ethanol (NASDAQ:PEIX) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.20. The firm earned $417.80 million during the quarter, compared to the consensus estimate of $388.71 million. Pacific Ethanol had a negative return on equity of 3.12% and a negative net margin of 0.80%. Pacific Ethanol’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the business earned ($0.18) EPS. Analysts anticipate that Pacific Ethanol Inc. will post ($0.09) EPS for the current fiscal year.

Several research firms have recently commented on PEIX. TheStreet raised shares of Pacific Ethanol from a “sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Zacks Investment Research downgraded shares of Pacific Ethanol from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $10.33.

In other news, major shareholder Candlewood Investment Group, L sold 2,977,000 shares of the firm’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $9.37, for a total value of $27,894,490.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry D. Layne sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $9.71, for a total transaction of $97,100.00. Following the completion of the sale, the director now directly owns 31,184 shares of the company’s stock, valued at $302,796.64. The disclosure for this sale can be found here. In the last three months, insiders sold 2,993,426 shares of company stock worth $28,053,280. Insiders own 3.10% of the company’s stock.