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Alco was able to do this by buying a large block of shares from a single shareholder. The selling shareholder wasn't disclosed in the release, which could be scary for remaining shareholders; after all, if an insider (e.g. a manager or director) was selling such a large amount, it could suggest the company is either in trouble or that foul play (using company money to enrich insiders) is occurring. But that does not appear possible here; this is one of those rare times that value investors can breathe a sigh of relief that insiders don't actually own enough shares to make such a sale possible.
With a little digging, it turns out that there is an outside shareholder that disclosed having purchased almost this exact number of shares in January of 2011. That shareholder is Aviva, a European insurance and investment company. Back when they bought, Alco was trading much closer to book value; it's quite likely that the tough business conditions and falling stock price scared the non-value-minded owners of these accounts into submission.
For further discussion of the risks and opportunities facing this company, see here.
Disclosure: Author has a long position in shares of ALCS.
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