2 weeks Ago By ABMN Staff
American Century Companies Inc. raised its holdings in Alta Equipment Group Inc. ( NYSE:ALTG – Free Report ) by 460.
1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 211,585 shares of the company’s stock after purchasing an additional 173,810 shares during the period. American Century Companies Inc.
owned about 0.64% of Alta Equipment Group worth $1,701,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently made changes to their positions in the business.
Mill Road Capital Management LLC raised its holdings in Alta Equipment Group by 23.5% in the fourth quarter. Mill Road Capital Management LLC now owns 2,361,002 shares of the company’s stock valued at $29,206,000 after acquiring an additional 450,023 shares in the last quarter.
CIBC Private Wealth Group LLC increased its position in shares of Alta Equipment Group by 152.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 347,746 shares of the company’s stock worth $4,302,000 after purchasing an additional 209,759 shares during the last quarter.
Granahan Investment Management LLC raised its stake in shares of Alta Equipment Group by 11.4% in the 4th quarter. Granahan Investment Management LLC now owns 1,030,942 shares of the company’s stock valued at $12,753,000 after purchasing an additional 105,783 shares in the last quarter.
Register Financial Advisors LLC lifted its position in shares of Alta Equipment Group by 44.3% during the second quarter. Register Financial Advisors LLC now owns 335,702 shares of the company’s stock worth $2,699,000 after purchasing an additional 103,071 shares during the last quarter.
Finally, Ancora Advisors LLC grew its stake in Alta Equipment Group by 64.1% in the first quarter. Ancora Advisors LLC now owns 262,919 shares of the company’s stock worth $3,405,000 after purchasing an additional 102,660 shares in the last quarter.
73.58% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Several brokerages have issued reports on ALTG.
Raymond James restated a “market perform” rating and set a $10.00 price objective (down previously from $14.00) on shares of Alta Equipment Group in a research note on Friday, August 9th.
DA Davidson reduced their price objective on Alta Equipment Group from $20.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th.
Alta Equipment Group Price Performance Shares of NYSE:ALTG opened at $6.51 on Monday. The company has a quick ratio of 0.
47, a current ratio of 1.37 and a debt-to-equity ratio of 5.81.
The firm has a 50-day simple moving average of $7.32 and a 200 day simple moving average of $9.17.
Alta Equipment Group Inc. has a fifty-two week low of $5.40 and a fifty-two week high of $13.
67. The company has a market cap of $215.79 million, a PE ratio of -31.
00 and a beta of 1.67. Alta Equipment Group ( NYSE:ALTG – Get Free Report ) last announced its quarterly earnings results on Wednesday, August 7th.
The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.
34). Alta Equipment Group had a negative return on equity of 13.09% and a negative net margin of 0.
95%. The company had revenue of $488.10 million for the quarter, compared to analyst estimates of $497.
57 million. During the same quarter in the previous year, the company posted $0.16 earnings per share.
On average, sell-side analysts anticipate that Alta Equipment Group Inc. will post -1.04 EPS for the current year.
Alta Equipment Group Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.057 per share.
This represents a $0.23 annualized dividend and a dividend yield of 3.50%.
The ex-dividend date of this dividend was Thursday, August 15th. Alta Equipment Group’s dividend payout ratio (DPR) is -104.76%.
Insider Transactions at Alta Equipment Group In other news, Director Andrew P. Studdert acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $5.
65 per share, for a total transaction of $56,500.00. Following the transaction, the director now directly owns 86,591 shares in the company, valued at approximately $489,239.
15. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . In other Alta Equipment Group news, major shareholder Mill Road Capital Iii, L.
P. purchased 179,414 shares of the stock in a transaction dated Wednesday, July 10th. The shares were bought at an average cost of $8.
05 per share, with a total value of $1,444,282.70. Following the completion of the acquisition, the insider now owns 3,894,008 shares of the company’s stock, valued at $31,346,764.
40. The purchase was disclosed in a filing with the SEC, which is available through this link . Also, Director Andrew P.
Studdert acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of $5.65 per share, for a total transaction of $56,500.
00. Following the completion of the purchase, the director now owns 86,591 shares of the company’s stock, valued at $489,239.15.
The disclosure for this purchase can be found here . Over the last quarter, insiders bought 319,100 shares of company stock worth $2,777,451. Insiders own 19.
90% of the company’s stock. Alta Equipment Group Company Profile ( Free Report ) Alta Equipment Group Inc owns and operates integrated equipment dealership platforms in the United States. It operates through three segments: Material Handling, Construction Equipment, and Master Distribution.
The company operates a branch network that sells, rents, and provides parts and service support for various categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, and other construction equipment and related products. See Also Receive News & Ratings for Alta Equipment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alta Equipment Group and related companies with MarketBeat.com's FREE daily email newsletter .
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