Susquehanna Fundamental Investments LLC Takes Position in Renewable Energy Group Inc (REGI)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Renewable Energy Group Inc (NASDAQ:REGI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,200 shares of the oil and gas company’s stock, valued at approximately $131,000.

A number of other hedge funds have also recently added to or reduced their stakes in REGI. Rubric Capital Management LP boosted its holdings in Renewable Energy Group by 91.8% during the first quarter. Rubric Capital Management LP now owns 2,300,253 shares of the oil and gas company’s stock valued at $29,443,000 after acquiring an additional 1,101,080 shares during the period. Matarin Capital Management LLC bought a new stake in Renewable Energy Group during the first quarter valued at about $4,163,000. Allianz Asset Management GmbH boosted its holdings in Renewable Energy Group by 890.2% during the fourth quarter. Allianz Asset Management GmbH now owns 203,043 shares of the oil and gas company’s stock valued at $2,396,000 after acquiring an additional 182,538 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Renewable Energy Group by 102.3% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 350,332 shares of the oil and gas company’s stock valued at $4,134,000 after acquiring an additional 177,162 shares during the period. Finally, Mutual Advisors LLC bought a new stake in Renewable Energy Group during the first quarter valued at about $1,262,000.

Shares of Renewable Energy Group opened at $18.20 on Wednesday, according to Marketbeat. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.88 and a quick ratio of 1.45. The stock has a market cap of $679.13 million, a PE ratio of -8.92 and a beta of 0.96. Renewable Energy Group Inc has a 52 week low of $9.50 and a 52 week high of $18.35.

In other Renewable Energy Group news, VP Gary Haer sold 6,722 shares of the firm’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $17.11, for a total value of $115,013.42. Following the completion of the sale, the vice president now owns 100,599 shares of the company’s stock, valued at $1,721,248.89. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Chad Stone bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The shares were purchased at an average cost of $13.73 per share, with a total value of $27,460.00. Following the acquisition, the chief financial officer now directly owns 104,245 shares of the company’s stock, valued at $1,431,283.85. The disclosure for this purchase can be found here. 1.97% of the stock is currently owned by company insiders.

A number of research analysts have recently commented on REGI shares. Canaccord Genuity reaffirmed a “buy” rating and set a $16.00 price objective on shares of Renewable Energy Group in a research report on Tuesday, March 6th. BidaskClub lowered shares of Renewable Energy Group from a “sell” rating to a “strong sell” rating in a research report on Friday, March 9th. Zacks Investment Research raised shares of Renewable Energy Group from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, March 14th. Finally, ValuEngine lowered shares of Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $15.75.

Renewable Energy Group Profile

Renewable Energy Group, Inc produces and sells biofuels and renewable chemicals in North America. The company operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It acquires feedstock; and manages construction and operates biomass-based diesel production facilities.

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Institutional Ownership by Quarter for Renewable Energy Group (NASDAQ:REGI)

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