Alta Equipment Group Inc. (ALTG): Price and Financial Metrics
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ALTG POWR Grades
- ALTG scores best on the Growth dimension, with a Growth rank ahead of 69.06% of US stocks.
- ALTG's strongest trending metric is Stability; it's been moving up over the last 199 days.
- ALTG's current lowest rank is in the Quality metric (where it is better than 10.05% of US stocks).
ALTG Stock Summary
- Alta Equipment Group Inc's capital turnover -- a measure of revenue relative to shareholder's equity -- is better than 94.14% of US listed stocks.
- Alta Equipment Group Inc's stock had its IPO on April 9, 2019, making it an older stock than just 4.31% of US equities in our set.
- Shareholder yield, a measure of how much is returned to shareholders via dividends and share repurchases, for ALTG comes in at -67.95% -- higher than that of merely 3.47% of stocks in our set.
- Stocks that are quantitatively similar to ALTG, based on their financial statements, market capitalization, and price volatility, are SYPR, CIR, CPS, CWK, and FORTY.
- Visit ALTG's SEC page to see the company's official filings. To visit the company's web site, go to www.altaequipment.com.
ALTG Stock Price Chart Interactive Chart >
ALTG Price/Volume Stats
|Current price||$13.29||52-week high||$14.64|
|Prev. close||$13.22||52-week low||$4.00|
|Day high||$13.34||Avg. volume||93,623|
|50-day MA||$12.66||Dividend yield||N/A|
|200-day MA||$9.83||Market Cap||398.95M|
Alta Equipment Group Inc. (ALTG) Company Bio
Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. The company operates through two segments, Industrial Equipment and Construction Equipment. It 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, cranes, earthmoving equipment, and other industrial and construction equipment. Alta Equipment Group Inc. also offers repair and maintenance services for its equipment. The company was formerly known as B. Riley Principal Merger Corp. and changed its name to Alta Equipment Group Inc. in February 2020. Alta Equipment Group Inc. was founded in 1984 and is based in Livonia, Michigan.
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Latest ALTG News From Around the Web
Below are the latest news stories about Alta Equipment Group Inc that investors may wish to consider to help them evaluate ALTG as an investment opportunity.
Alta Equipment Group Announces Date of First Quarter 2021 Financial Results Release, Conference Call and Webcast
Alta Equipment Group Inc. (NYSE: ALTG) ("Alta"), a leading provider of premium material handling and construction equipment and related services, today announced that it will report its financial results for the first quarter ended March 31, 2021 after the U.S. markets close on Thursday, May 13, 2021. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the company’s financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary presentation slides reporting these results on the Investors portion of the company’s website, https://investors.altaequipment.com.
VNET, ALTG, FPI, HALL, and INVO have been added to the Zacks Rank #5 (Strong Sell) List on April 16, 2021
Alta Equipment Group Inc. (NYSE: ALTG) ("Alta"), a leading provider of premium material handling and construction equipment and related services, today announced that its Board of Directors approved the first dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $888.89 per preferred share. The dividend payment date is April 30, 2021, to shareholders of record at the close of business on April 15, 2021.
Alta Equipment Group Announces Pricing of Upsized Private Offering of $315 Million of Senior Secured Second Lien Notes due 2026
Alta Equipment Group Inc. (NYSE: ALTG) ("Alta" or the "Company"), announced today that it has priced $315 million in aggregate principal amount of its 5.625% senior secured second lien notes due 2026 (the "notes") in a private offering (the "offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). This represents an increase of $15 million from the previously announced offering of $300 million. The offering of the notes is expected to close on April 1, 2021, subject to customary closing conditions.
Rating Action: Moody's assigns Alta Equipment a first-time CFR of B2; outlook stableGlobal Credit Research - 23 Mar 2021New York, March 23, 2021 -- Moody's Investors Service ("Moody's") assigned first-time ratings to Alta Equipment Group Inc. ("Alta" NYSE: ALTG), including a B2 corporate family rating (CFR), a B2-PD probability of default rating (PDR), and a B3 rating to its newly proposed senior secured second lien notes offering, and an SGL-3 speculative grade liquidity rating. The rating outlook is stable.Alta will use the proceeds from the notes together with $35 million of floorplan financing and $21 million of ABL borrowings on an unrated $350 million ABL facility expiring in 2026, to refinance the company's existing debt obligations and for general corporate purposes."Alta Equip...
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