SG Americas Securities LLC Purchases 2,375 Shares of Alta Equipment Group Inc. (NYSE:ALTG)

SG Americas Securities LLC grew its position in shares of Alta Equipment Group Inc. (NYSE:ALTG) by 20.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,784 shares of the company’s stock after purchasing an additional 2,375 shares during the quarter. SG Americas Securities LLC’s holdings in Alta Equipment Group were worth $90,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Mill Road Capital Management LLC lifted its stake in shares of Alta Equipment Group by 18.2% in the 3rd quarter. Mill Road Capital Management LLC now owns 4,213,208 shares of the company’s stock valued at $28,397,000 after purchasing an additional 650,214 shares during the period. Paloma Partners Management Co bought a new stake in shares of Alta Equipment Group in the 3rd quarter worth $2,646,000. GSA Capital Partners LLP grew its holdings in shares of Alta Equipment Group by 79.2% in the third quarter. GSA Capital Partners LLP now owns 176,227 shares of the company’s stock worth $1,188,000 after acquiring an additional 77,887 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Alta Equipment Group by 167.8% in the third quarter. JPMorgan Chase & Co. now owns 51,418 shares of the company’s stock worth $347,000 after acquiring an additional 32,218 shares during the period. Finally, Barclays PLC grew its holdings in Alta Equipment Group by 302.8% during the third quarter. Barclays PLC now owns 38,327 shares of the company’s stock valued at $258,000 after purchasing an additional 28,812 shares during the period. 73.58% of the stock is currently owned by institutional investors.

Alta Equipment Group Trading Down 1.4 %

ALTG opened at $7.47 on Friday. The stock’s fifty day moving average is $7.08 and its two-hundred day moving average is $6.99. The company has a market capitalization of $248.29 million, a P/E ratio of -4.39 and a beta of 1.76. Alta Equipment Group Inc. has a 52 week low of $5.40 and a 52 week high of $13.67. The company has a quick ratio of 0.43, a current ratio of 1.35 and a debt-to-equity ratio of 7.45.

Alta Equipment Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Saturday, February 15th will be issued a $0.057 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 3.05%. Alta Equipment Group’s dividend payout ratio is presently -13.53%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Northland Capmk downgraded Alta Equipment Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Raymond James decreased their price objective on Alta Equipment Group from $10.00 to $9.00 and set a “market perform” rating on the stock in a research report on Thursday, November 14th. Finally, Northland Securities reaffirmed a “market perform” rating and set a $20.00 target price (down previously from $30.00) on shares of Alta Equipment Group in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.75.

Alta Equipment Group Company Profile

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.