Alto Ingredients Joins the Russell 2000® and 3000® Indexes

Rhea-AI Summary

Alto Ingredients, Inc. (NASDAQ: ALTO) has been included in the Russell 2000® and Russell 3000® indexes, effective June 28, 2021. This significant milestone enhances the company's visibility in the specialty alcohols and essential ingredients markets. With approximately $10.6 trillion in assets benchmarked against these indexes, membership is poised to broaden Alto's exposure among institutional investors. CEO Mike Kandris expressed optimism regarding this inclusion as it reflects the company's growth trajectory.

Positive

• Inclusion in Russell 2000 and Russell 3000 indexes boosts visibility and credibility.
• Access to a broader investor base, potentially attracting more institutional investments.

Negative

• None.

SACRAMENTO, Calif., June 28, 2021 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer of specialty alcohols and essential ingredients, has been added as a member of the small-cap Russell 2000® Index and broad-market Russell 3000® Index. These additions will be effective after the U.S. market opens on June 28^th, as part of the 2021 Russell indexes reconstitution. The stock will be automatically added to the appropriate growth and value indexes.

“Our inclusion in the Russell indexes is an important milestone for Alto Ingredients,” stated Mike Kandris, CEO. “Our presence in the indexes complements our efforts to increase visibility of our leadership position in the specialty alcohols and essential ingredients markets and broadens our exposure in the wider investment community.”

Membership in the Russell 2000 Index, which remains in place for one year, is based on membership in the broad-market Russell 3000 Index. Approximately $10.6 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.

Russell indexes are part of FTSE Russell, a leading global index provider. FTSE Russell determines membership for its Russell indexes primarily by objective market capitalization rankings and style attributes. For more information on the Russell 2000 Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Alto Ingredients, Inc.

Alto Ingredients, Inc. (ALTO) is a leading producer of specialty alcohols and essential ingredients. The company is focused on products for four key markets: Health, Home & Beauty; Food & Beverage; Essential Ingredients; and Renewable Fuels. The company’s customers include major food and beverage companies and consumer products companies. For more information, please visit www.altoingredients.com.

Media Contact:                 

Bryon McGregor, Alto Ingredients, Inc., 916-403-2768, mediarelations@altoingredients.com

Company IR Contact:                 

Michael Kramer, Alto Ingredients, Inc., 916-403-2755, Investorrelations@altoingredients.com

IR Agency Contact:

Moriah Shilton, LHA Investor Relations, 415-433-3777, Investorrelations@altoingredients.com

FAQ

When did Alto Ingredients become part of the Russell index?

Alto Ingredients was added to the Russell 2000 and Russell 3000 indexes effective June 28, 2021.

What is the significance of Alto Ingredients joining the Russell indexes?

Joining the Russell indexes elevates Alto's visibility among investors, potentially increasing institutional investment.

What are the Russell 2000 and Russell 3000 indexes?

The Russell 2000 Index includes 2,000 small-cap stocks, while the Russell 3000 Index represents the largest 3,000 U.S. public companies.

How much assets are managed based on Russell indexes?

Approximately $10.6 trillion in assets are benchmarked against Russell's U.S. indexes.

What does the inclusion in the Russell indexes mean for ALTO shareholders?

The inclusion may enhance shareholder value by increasing demand for ALTO shares through broader institutional exposure.