GSA Capital Partners LLP lessened its position in shares of Renewable Energy Group Inc (NASDAQ:REGI) by 38.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,028 shares of the oil and gas company’s stock after selling 24,857 shares during the period. GSA Capital Partners LLP owned about 0.10% of Renewable Energy Group worth $486,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of REGI. C M Bidwell & Associates Ltd. acquired a new stake in Renewable Energy Group during the 2nd quarter worth $110,000. Old Mutual Global Investors UK Ltd. purchased a new position in Renewable Energy Group during the 3rd quarter worth $120,000. Oppenheimer & Co. Inc. purchased a new position in Renewable Energy Group during the 2nd quarter worth $142,000. Federated Investors Inc. PA raised its position in Renewable Energy Group by 17.8% during the 2nd quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock worth $143,000 after buying an additional 1,668 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in Renewable Energy Group during the 3rd quarter worth $139,000.
Shares of Renewable Energy Group Inc (NASDAQ:REGI) opened at $11.00 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.37. Renewable Energy Group Inc has a 12 month low of $8.25 and a 12 month high of $13.55. The stock has a market cap of $429.10, a PE ratio of -10.09, a price-to-earnings-growth ratio of 0.39 and a beta of 1.48.
Renewable Energy Group (NASDAQ:REGI) last released its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.11. Renewable Energy Group had a negative net margin of 1.96% and a positive return on equity of 0.38%. The business had revenue of $627.00 million for the quarter, compared to analysts’ expectations of $513.88 million. During the same period last year, the company earned $0.59 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. sell-side analysts predict that Renewable Energy Group Inc will post -1.63 earnings per share for the current fiscal year.
Renewable Energy Group announced that its Board of Directors has initiated a share repurchase program on Thursday, December 14th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the oil and gas company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
REGI has been the subject of a number of analyst reports. Piper Jaffray Companies restated a “hold” rating and set a $13.00 price objective on shares of Renewable Energy Group in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of Renewable Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Finally, BidaskClub raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Renewable Energy Group currently has a consensus rating of “Hold” and an average price target of $15.33.
In other Renewable Energy Group news, Director Peter John Martin Harding purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average price of $11.14 per share, for a total transaction of $55,700.00. Following the completion of the acquisition, the director now owns 64,136 shares of the company’s stock, valued at approximately $714,475.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.54% of the company’s stock.
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About Renewable Energy Group
Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services. The Company is a producer of biomass-based diesel in North America. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities. It is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products.
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