Craig Brubaker Sells 5,294 Shares of Alta Equipment Group Inc. (NYSE:ALTG) Stock

Alta Equipment Group Inc. (NYSE:ALTG - Get Free Report) COO Craig Brubaker sold 5,294 shares of Alta Equipment Group stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $5.00, for a total transaction of $26,470.00. Following the completion of the sale, the chief operating officer now directly owns 98,640 shares of the company's stock, valued at $493,200. The trade was a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Alta Equipment Group Trading Down 5.0 %

Shares of ALTG stock traded down $0.26 on Friday, reaching $4.80. 404,374 shares of the stock were exchanged, compared to its average volume of 172,311. The firm has a 50 day moving average of $6.71 and a two-hundred day moving average of $6.80. Alta Equipment Group Inc. has a 1-year low of $4.65 and a 1-year 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. The stock has a market cap of $159.46 million, a P/E ratio of -2.82 and a beta of 1.81.

Alta Equipment Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Saturday, February 15th were paid a $0.057 dividend. This represents a $0.23 annualized dividend and a dividend yield of 4.75%. The ex-dividend date was Friday, February 14th. Alta Equipment Group's dividend payout ratio is currently -12.94%.

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Institutional Trading of Alta Equipment Group

A number of institutional investors and hedge funds have recently bought and sold shares of ALTG. LPL Financial LLC lifted its position in Alta Equipment Group by 1.5% during the fourth quarter. LPL Financial LLC now owns 118,942 shares of the company's stock valued at $778,000 after buying an additional 1,774 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Alta Equipment Group by 5.7% in the 4th quarter. Rhumbline Advisers now owns 33,968 shares of the company's stock valued at $222,000 after acquiring an additional 1,827 shares during the period. SkyView Investment Advisors LLC lifted its holdings in shares of Alta Equipment Group by 5.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 47,576 shares of the company's stock valued at $321,000 after acquiring an additional 2,351 shares in the last quarter. SG Americas Securities LLC boosted its position in Alta Equipment Group by 20.8% during the 4th quarter. SG Americas Securities LLC now owns 13,784 shares of the company's stock worth $90,000 after purchasing an additional 2,375 shares during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in Alta Equipment Group by 17.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 18,543 shares of the company's stock valued at $125,000 after purchasing an additional 2,777 shares in the last quarter. Institutional investors and hedge funds own 73.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Northland Capmk lowered Alta Equipment Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 13th. Northland Securities reiterated a "market perform" rating and set a $20.00 target price (down from $30.00) on shares of Alta Equipment Group in a research report on Wednesday, November 13th. Finally, Raymond James dropped their price objective on shares of Alta Equipment Group from $10.00 to $9.00 and set a "market perform" rating for the company in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Alta Equipment Group currently has a consensus rating of "Hold" and a consensus price target of $15.75.

About Alta Equipment Group

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.