Royce & Associates LP Has $1.74 Million Stake in Alta Equipment Group Inc. (NYSE:ALTG)

Royce & Associates LP increased its stake in shares of Alta Equipment Group Inc. (NYSE:ALTG) by 14.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 265,270 shares of the company’s stock after acquiring an additional 33,035 shares during the quarter. Royce & Associates LP’s holdings in Alta Equipment Group were worth $1,735,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC boosted its position in Alta Equipment Group by 20.8% in the 4th quarter. SG Americas Securities LLC now owns 13,784 shares of the company’s stock valued at $90,000 after buying an additional 2,375 shares during the last quarter. Quantinno Capital Management LP acquired a new position in shares of Alta Equipment Group during the third quarter valued at $160,000. Meixler Investment Management Ltd. boosted its holdings in Alta Equipment Group by 25.4% in the fourth quarter. Meixler Investment Management Ltd. now owns 33,192 shares of the company’s stock valued at $217,000 after acquiring an additional 6,717 shares during the last quarter. Rhumbline Advisers raised its holdings in Alta Equipment Group by 5.7% during the 4th quarter. Rhumbline Advisers now owns 33,968 shares of the company’s stock worth $222,000 after purchasing an additional 1,827 shares during the last quarter. Finally, Barclays PLC raised its holdings in Alta Equipment Group by 302.8% during the 3rd quarter. Barclays PLC now owns 38,327 shares of the company’s stock worth $258,000 after purchasing an additional 28,812 shares during the last quarter. Institutional investors and hedge funds own 73.58% of the company’s stock.

Insider Activity at Alta Equipment Group

In other news, COO Craig Brubaker sold 5,294 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $5.00, for a total value of $26,470.00. Following the completion of the transaction, the chief operating officer now owns 98,640 shares of the company’s stock, valued at $493,200. The trade was a 5.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 19.90% of the company’s stock.

Alta Equipment Group Trading Down 6.1 %

NYSE ALTG opened at $5.32 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.43 and a debt-to-equity ratio of 7.45. Alta Equipment Group Inc. has a 12 month low of $4.45 and a 12 month high of $13.67. The company has a market capitalization of $174.65 million, a PE ratio of -3.13 and a beta of 1.81. The stock has a 50-day simple moving average of $6.44 and a 200 day simple moving average of $6.69.

Alta Equipment Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Saturday, February 15th were paid a dividend of $0.057 per share. This represents a $0.23 annualized dividend and a yield of 4.29%. The ex-dividend date was Friday, February 14th. Alta Equipment Group’s payout ratio is -11.22%.

Analyst Ratings Changes

Separately, Raymond James lowered their price target on shares of Alta Equipment Group from $9.00 to $8.50 and set a “market perform” rating for the company in a research report on Monday, March 10th.

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.