1 day Ago By ABMN Staff
Bank of New York Mellon Corp grew its stake in shares of Alta Equipment Group Inc. ( NYSE:ALTG – Free Report ) by 14.3% in the 2nd quarter, HoldingsChannel reports.
The fund owned 237,275 shares of the company’s stock after purchasing an additional 29,604 shares during the quarter. Bank of New York Mellon Corp’s holdings in Alta Equipment Group were worth $1,908,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors and hedge funds also recently made changes to their positions in the company.
Quadrant Capital Group LLC boosted its holdings in shares of Alta Equipment Group by 1,997.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,063 shares of the company’s stock valued at $38,000 after purchasing an additional 2,917 shares in the last quarter.
EntryPoint Capital LLC raised its position in Alta Equipment Group by 88.0% during the 1st quarter. EntryPoint Capital LLC now owns 8,419 shares of the company’s stock worth $109,000 after purchasing an additional 3,940 shares during the last quarter.
Harbor Capital Advisors Inc. raised its position in Alta Equipment Group by 28.7% during the 2nd quarter.
Harbor Capital Advisors Inc. now owns 15,766 shares of the company’s stock worth $127,000 after purchasing an additional 3,518 shares during the last quarter. Aristides Capital LLC bought a new position in Alta Equipment Group during the 4th quarter worth $175,000.
Finally, Quadrature Capital Ltd raised its position in Alta Equipment Group by 42.8% during the 4th quarter. Quadrature Capital Ltd now owns 15,062 shares of the company’s stock worth $186,000 after purchasing an additional 4,517 shares during the last quarter.
Institutional investors and hedge funds own 73.58% of the company’s stock. Alta Equipment Group Price Performance ALTG stock opened at $6.
70 on Wednesday. The company has a market capitalization of $222.08 million, a P/E ratio of -31.
86 and a beta of 1.67. The company has a debt-to-equity ratio of 5.
81, a quick ratio of 0.47 and a current ratio of 1.37.
Alta Equipment Group Inc. has a 52-week low of $5.40 and a 52-week high of $13.
67. The business has a 50-day simple moving average of $7.87 and a two-hundred day simple moving average of $9.
46. Alta Equipment Group Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.
057 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.
23 dividend on an annualized basis and a yield of 3.40%. Alta Equipment Group’s payout ratio is -104.
76%. Insider Activity In related news, Director Andrew P. Studdert bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th.
The stock was bought at an average cost of $5.65 per share, for a total transaction of $56,500.00.
Following the completion of the transaction, the director now owns 86,591 shares of the company’s stock, valued at $489,239.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .
In other news, Director Andrew P. Studdert acquired 10,000 shares of the stock in a transaction dated Monday, August 12th. The stock was purchased at an average cost of $5.
65 per share, with a total value of $56,500.00. Following the completion of the purchase, the director now owns 86,591 shares in the company, valued at approximately $489,239.
15. The purchase was disclosed in a filing with the SEC, which is available through the SEC website . Also, major shareholder Mill Road Capital Iii, L.
P. acquired 54,200 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $9.
14 per share, for a total transaction of $495,388.00. Following the acquisition, the insider now owns 4,063,708 shares of the company’s stock, valued at approximately $37,142,291.
12. The disclosure for this purchase can be found here . Insiders bought 319,100 shares of company stock worth $2,777,451 in the last three months.
Corporate insiders own 19.90% of the company’s stock. Analyst Ratings Changes ALTG has been the subject of several research analyst reports.
Raymond James reissued a “market perform” rating and issued a $10.00 price objective (down from $14.00) on shares of Alta Equipment Group in a research report on Friday, August 9th.
DA Davidson reduced their target price on Alta Equipment Group from $20.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th.
Check Out Our Latest Stock Analysis on Alta Equipment Group 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.
Further Reading Want to see what other hedge funds are holding ALTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alta Equipment Group Inc. ( NYSE:ALTG – Free Report ).
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