Vanguard Amends Alto Ingredients Stake to 5.9% as of Dec 29

TL;DR

**Vanguard still owns 5.9% of Alto Ingredients, good sign for stability.**

AI Summary

The Vanguard Group filed an amended Schedule 13G/A on February 13, 2024, updating its ownership in Alto Ingredients Inc. As of December 29, 2023, Vanguard reported beneficial ownership of 4,809,697 shares of Alto Ingredients' Common Stock, representing 5.9% of the company. This is an amendment to a previous filing, indicating a change in their holdings, which is important for investors to track as large institutional ownership can influence stock stability and perception.

Why It Matters

This filing shows that a major institutional investor, The Vanguard Group, maintains a significant stake in Alto Ingredients, which can signal confidence to other investors and potentially reduce stock volatility.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate risks or major changes in company fundamentals.

Analyst Insight

Investors should note Vanguard's continued significant, albeit passive, ownership as a sign of institutional interest, but should not interpret it as an endorsement for immediate buying or selling without further due diligence on Alto Ingredients' fundamentals.

Key Numbers

• 4,809,697 — Shares Beneficially Owned (The total number of Alto Ingredients shares Vanguard holds.)
• 5.9% — Percentage of Class (The percentage of Alto Ingredients' common stock owned by Vanguard, indicating a significant institutional stake.)
• December 29, 2023 — Event Date (The specific date on which Vanguard's reported ownership was established for this filing.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and institutional investor
• Alto Ingredients Inc. (company) — the subject company whose securities are being reported
• 4,809,697 shares (dollar_amount) — the total number of shares beneficially owned by Vanguard
• 5.9% (dollar_amount) — the percentage of Alto Ingredients' common stock owned by Vanguard
• December 29, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Vanguard will likely maintain a significant, but passive, stake in Alto Ingredients for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-12-31

FAQ

Filing Documents

• tv0243-altoingredientsinc.htm (SC 13G/A) — 11KB
• 0001104659-24-020240.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Alto Ingredients Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 1300 South Second Street Pekin, IL 61554

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 021513106

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR