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

From the Filing

0001104659-24-020240.txt : 20240213 0001104659-24-020240.hdr.sgml : 20240213 20240213165848 ACCESSION NUMBER: 0001104659-24-020240 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Alto Ingredients, Inc. CENTRAL INDEX KEY: 0000778164 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 412170618 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51517 FILM NUMBER: 24627309 BUSINESS ADDRESS: STREET 1: 400 CAPITOL MALL, SUITE 2060 CITY: SACRAMENTO STATE: CA ZIP: 95814 BUSINESS PHONE: 916-403-2123 MAIL ADDRESS: STREET 1: 400 CAPITOL MALL, SUITE 2060 CITY: SACRAMENTO STATE: CA ZIP: 95814 FORMER COMPANY: FORMER CONFORMED NAME: Pacific Ethanol, Inc. DATE OF NAME CHANGE: 20050324 FORMER COMPANY: FORMER CONFORMED NAME: ACCESSITY CORP DATE OF NAME CHANGE: 20030627 FORMER COMPANY: FORMER CONFORMED NAME: DRIVERSSHIELD COM CORP DATE OF NAME CHANGE: 20001115 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0243-altoingredientsinc.htm SCHEDULE 13G/A altoingredientsinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 1)* Name of issuer:  Alto Ingredients Inc Title of Class of Securities:  Common Stock CUSIP Number:  021513106 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  021513106 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 0 7.  SOLE DISPOSITIVE POWER 3,779,459 8.  SHARED DISPOSITIVE POWER 26,587 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,806,046 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.99% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Alto Ingredients Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 1300 South Second Street Pekin, IL 61554 Item 2(a) - Name of Person Filing: The Vanguard