In today’s recent session, 0.63 million shares of the Alta Equipment Group Inc (NYSE:ALTG) have been traded, and its beta is 1.57. Most recently the company’s share price was $8.59, and it changed around $1.18 or 15.89% from the last close, which brings the market valuation of the company to $285.02M. ALTG at last check was trading at a discount to its 52-week high of $11.39, offering almost -32.6% off that amount. The share price’s 52-week low was $3.54, which indicates that the recent value has risen by an impressive 58.79% since then. We note from Alta Equipment Group Inc’s average daily trading volume that its 10-day average is 0.32 million shares, with the 3-month average coming to 203.78K.
Alta Equipment Group Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended ALTG as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.
Alta Equipment Group Inc (NYSE:ALTG) trade information
Instantly ALTG has been showing a green trend so far today with a performance of 15.89% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.92 on recent trading dayincreased the stock’s daily price by 3.7%. The company’s shares are currently up 5.88% year-to-date, but still up 35.87% over the last five days. On the other hand, Alta Equipment Group Inc (NYSE:ALTG) is 48.31% up in the 30-day period. We can see from the shorts that 1.63 million shares have been sold at a short interest cover period of 8.26 day(s).
The consensus price target as assigned by Wall Street analysts is $14.5, which translates to bulls needing to increase their stock price by 40.76% from its current value. Analyst projections state that ALTG is forecast to be at a low of $9 and a high of $20.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 16.55%.
ALTG Dividends
Alta Equipment Group Inc’s next quarterly earnings report is expected to be released on 2025-May-07. The annual dividend yield of the stock is 2.66 percent and its annual dividend per share was 0.23. It is important to note, however, that the 2.66% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Alta Equipment Group Inc (NYSE:ALTG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 26.92% of Alta Equipment Group Inc shares, and 67.60% of them are in the hands of institutional investors. The stock currently has a share float of 92.50%. Alta Equipment Group Inc stock is held by 143.0 institutions, with MILL ROAD CAPITAL MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 10.7191% of the shares, which is about 3.56 million shares worth $28.65 million.
VOSS CAPITAL, LLC, with 8.9802% or 2.98 million shares worth $24.0 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF were the top two Mutual Funds as of Mar 31, 2025 . The former held 816.01 shares worth $6.99 million, making up 2.46% of all outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held roughly 682.14 shares worth around $5.84 million, which represents about 2.06% of the total shares outstanding.
