An issue of Alliance One International, Inc. (NYSE:AOI) bonds fell 1.5% against their face value during trading on Friday. The high-yield issue of debt has a 9.875% coupon and is set to mature on July 15, 2021. The debt is now trading at $92.00 and was trading at $93.00 last week. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its stock price.
Separately, TheStreet raised Alliance One International from a “d” rating to a “c-” rating in a research report on Wednesday, February 28th.
Alliance One International opened at $16.30 on Friday, according to Marketbeat Ratings. Alliance One International, Inc. has a 52 week low of $9.85 and a 52 week high of $30.70. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.02 and a current ratio of 2.12.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC acquired a new position in Alliance One International during the first quarter worth approximately $109,000. Wells Fargo & Company MN increased its position in Alliance One International by 125.3% during the fourth quarter. Wells Fargo & Company MN now owns 9,221 shares of the company’s stock worth $122,000 after buying an additional 5,129 shares during the period. Deutsche Bank AG increased its position in Alliance One International by 556.4% during the fourth quarter. Deutsche Bank AG now owns 16,022 shares of the company’s stock worth $211,000 after buying an additional 13,581 shares during the period. Alambic Investment Management L.P. acquired a new position in Alliance One International during the first quarter worth approximately $236,000. Finally, Bailard Inc. acquired a new position in Alliance One International during the first quarter worth approximately $315,000. 58.40% of the stock is currently owned by institutional investors.
Alliance One International Company Profile
Alliance One International, Inc purchases, processes, packs, stores, and ships leaf tobacco for manufacturers of cigarettes and other consumer tobacco products worldwide. It operates through North America and Other Regions segments. The company is involved in processing and selling flue-cured, burley, and oriental tobaccos that are used in international brand cigarettes.
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