Alta Equipment Group Inc. (NYSE:ALTG – Get Rating) major shareholder B. Riley Financial, Inc. purchased 2,936 shares of Alta Equipment Group stock in a transaction dated Tuesday, July 26th. The stock was bought at an average cost of $10.50 per share, with a total value of $30,828.00. Following the completion of the transaction, the insider now directly owns 2,021,134 shares of the company's stock, valued at $21,221,907. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

B. Riley Financial, Inc. also recently made the following trade(s):

• On Thursday, July 21st, B. Riley Financial, Inc. acquired 808 shares of Alta Equipment Group stock. The stock was purchased at an average price of $10.50 per share, for a total transaction of $8,484.00.
• On Monday, July 18th, B. Riley Financial, Inc. acquired 20,200 shares of Alta Equipment Group stock. The stock was purchased at an average price of $10.12 per share, for a total transaction of $204,424.00.
• On Tuesday, July 5th, B. Riley Financial, Inc. acquired 4,489 shares of Alta Equipment Group stock. The stock was purchased at an average price of $8.79 per share, for a total transaction of $39,458.31.
• On Wednesday, June 29th, B. Riley Financial, Inc. acquired 50,000 shares of Alta Equipment Group stock. The stock was purchased at an average price of $8.91 per share, for a total transaction of $445,500.00.
• On Monday, June 27th, B. Riley Financial, Inc. acquired 6,774 shares of Alta Equipment Group stock. The stock was purchased at an average price of $9.50 per share, for a total transaction of $64,353.00.
• On Friday, June 24th, B. Riley Financial, Inc. acquired 25,851 shares of Alta Equipment Group stock. The stock was purchased at an average price of $9.50 per share, for a total transaction of $245,584.50.
• On Tuesday, May 17th, B. Riley Financial, Inc. purchased 10,944 shares of Alta Equipment Group stock. The shares were bought at an average price of $11.00 per share, for a total transaction of $120,384.00.
• On Wednesday, May 11th, B. Riley Financial, Inc. purchased 35,841 shares of Alta Equipment Group stock. The shares were bought at an average price of $9.75 per share, for a total transaction of $349,449.75.
• On Monday, May 9th, B. Riley Financial, Inc. purchased 40,000 shares of Alta Equipment Group stock. The shares were bought at an average price of $10.70 per share, for a total transaction of $428,000.00.
• On Friday, April 29th, B. Riley Financial, Inc. purchased 50,506 shares of Alta Equipment Group stock. The shares were bought at an average price of $11.25 per share, for a total transaction of $568,192.50.

Alta Equipment Group Trading Up 2.4 %

Shares of Alta Equipment Group stock opened at $11.24 on Friday. The company's fifty day simple moving average is $10.12 and its 200-day simple moving average is $11.64. The company has a market cap of $364.78 million, a price-to-earnings ratio of -18.43 and a beta of 1.73. The company has a current ratio of 1.07, a quick ratio of 0.45 and a debt-to-equity ratio of 2.41. Alta Equipment Group Inc. has a 1 year low of $8.65 and a 1 year high of $17.38.

Alta Equipment Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 15th will be given a $0.057 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $0.23 annualized dividend and a yield of 2.03%. Alta Equipment Group's dividend payout ratio (DPR) is currently -37.70%.

Analyst Ratings Changes

Several brokerages have commented on ALTG. Raymond James set a $19.00 price target on Alta Equipment Group and gave the company an "outperform" rating in a report on Thursday, May 12th. B. Riley lowered their price target on Alta Equipment Group from $22.00 to $16.00 in a report on Wednesday, May 11th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ALTG. Acadian Asset Management LLC bought a new position in Alta Equipment Group in the fourth quarter worth $27,000. Amalgamated Bank bought a new position in Alta Equipment Group in the first quarter worth $30,000. Dorsey Wright & Associates bought a new position in Alta Equipment Group in the first quarter worth $40,000. Center for Financial Planning Inc. lifted its position in Alta Equipment Group by 40.0% in the first quarter. Center for Financial Planning Inc. now owns 3,500 shares of the company's stock worth $43,000 after purchasing an additional 1,000 shares during the period. Finally, Advisor Group Holdings Inc. lifted its position in Alta Equipment Group by 280.0% in the first quarter. Advisor Group Holdings Inc. now owns 7,109 shares of the company's stock worth $88,000 after purchasing an additional 5,238 shares during the period. 66.17% of the stock is owned by institutional investors.

Alta Equipment Group Company Profile

(Get Rating)

Alta Equipment Group Inc owns and operates integrated equipment dealership platforms in the United States. It operates in two segments, Material Handling and Construction Equipment. 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 aerial work platforms, earthmoving equipment, cranes, paving and asphalt equipment, and other material handling and construction equipment.

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