2 weeks Ago By ABMN Staff
Rhumbline Advisers boosted its stake in Alta Equipment Group Inc. ( NYSE:ALTG – Free Report ) by 13.7% during the 2nd quarter, HoldingsChannel reports.
The fund owned 31,462 shares of the company’s stock after acquiring an additional 3,803 shares during the quarter. Rhumbline Advisers’ holdings in Alta Equipment Group were worth $253,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company.
Essex Investment Management Co. LLC increased its position in Alta Equipment Group by 1.5% during the first quarter.
Essex Investment Management Co. LLC now owns 166,831 shares of the company’s stock worth $2,160,000 after buying an additional 2,517 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Alta Equipment Group by 37.
5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,795 shares of the company’s stock worth $95,000 after acquiring an additional 3,218 shares during the period. Harbor Capital Advisors Inc.
increased its holdings in shares of 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 acquiring an additional 3,518 shares during the last quarter. EntryPoint Capital LLC raised its stake in Alta Equipment Group by 88.0% in the 1st quarter.
EntryPoint Capital LLC now owns 8,419 shares of the company’s stock valued at $109,000 after acquiring an additional 3,940 shares during the period. Finally, Quadrature Capital Ltd lifted its holdings in Alta Equipment Group by 42.8% during the 4th quarter.
Quadrature Capital Ltd now owns 15,062 shares of the company’s stock valued at $186,000 after purchasing an additional 4,517 shares during the last quarter. 73.58% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Alta Equipment Group In other Alta Equipment Group news, major shareholder Mill Road Capital Iii, L.P. purchased 75,486 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st.
The shares were bought at an average cost of $10.35 per share, for a total transaction of $781,280.10.
Following the purchase, the insider now owns 3,969,494 shares of the company’s stock, valued at approximately $41,084,262.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
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 75,486 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was acquired at an average price of $10.
35 per share, for a total transaction of $781,280.10. Following the completion of the transaction, the insider now owns 3,969,494 shares in the company, valued at approximately $41,084,262.
90. The disclosure for this purchase can be found here . Over the last quarter, insiders have bought 319,100 shares of company stock worth $2,777,451.
Insiders own 19.90% of the company’s stock. Wall Street Analyst Weigh In Read Our Latest Analysis on ALTG Alta Equipment Group Stock Performance Shares of ALTG stock opened at $6.
51 on Friday. The company has a quick ratio of 0.47, a current ratio of 1.
37 and a debt-to-equity ratio of 5.81. Alta Equipment Group Inc.
has a 52 week low of $5.40 and a 52 week high of $13.67.
The firm has a 50 day moving average of $7.32 and a 200-day moving average of $9.18.
The company has a market cap of $215.79 million, a price-to-earnings ratio of -31.00 and a beta of 1.
67. Alta Equipment Group ( NYSE:ALTG – Get Free Report ) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.
38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.34).
Alta Equipment Group had a negative net margin of 0.95% and a negative return on equity of 13.09%.
The company had revenue of $488.10 million for the quarter, compared to analyst estimates of $497.57 million.
During the same quarter last year, the firm posted $0.16 EPS. On average, equities analysts forecast that Alta Equipment Group Inc.
will post -1.04 earnings per share for the current year. Alta Equipment Group Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, August 30th.
Investors of record on Thursday, August 15th were issued a $0.057 dividend. The ex-dividend date was Thursday, August 15th.
This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.50%.
Alta Equipment Group’s dividend payout ratio (DPR) is presently -104.76%. About Alta Equipment Group ( 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. Featured Articles 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 ). 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.
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