Alps Advisors Inc. purchased a new position in Renewable Energy Group Inc (NASDAQ:REGI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 32,820 shares of the oil and gas company’s stock, valued at approximately $945,000. Alps Advisors Inc. owned approximately 0.09% of Renewable Energy Group as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. boosted its position in shares of Renewable Energy Group by 5,920.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 7,646 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 7,519 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Renewable Energy Group in the 2nd quarter worth approximately $138,000. Jane Street Group LLC bought a new stake in shares of Renewable Energy Group in the 1st quarter worth approximately $149,000. BNP Paribas Arbitrage SA boosted its position in shares of Renewable Energy Group by 81.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 14,606 shares of the oil and gas company’s stock worth $187,000 after purchasing an additional 6,560 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of Renewable Energy Group in the 2nd quarter worth approximately $194,000.
A number of analysts have recently commented on the company. Roth Capital set a $35.00 price target on Renewable Energy Group and gave the stock a “buy” rating in a research report on Wednesday, October 17th. BidaskClub raised Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 19th. Zacks Investment Research cut Renewable Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, Canaccord Genuity set a $31.00 price objective on Renewable Energy Group and gave the company a “buy” rating in a research report on Monday, October 15th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $25.50.
REGI stock opened at $28.69 on Friday. The company has a market capitalization of $1.17 billion, a P/E ratio of -14.06 and a beta of 1.21. Renewable Energy Group Inc has a 12-month low of $9.50 and a 12-month high of $32.52. The company has a current ratio of 1.48, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04.
Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings data on Monday, August 6th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.32. The business had revenue of $580.15 million for the quarter, compared to analysts’ expectations of $572.60 million. Renewable Energy Group had a return on equity of 32.12% and a net margin of 8.64%. As a group, analysts forecast that Renewable Energy Group Inc will post 1.61 EPS for the current year.
In other news, VP Gary Haer sold 13,581 shares of the stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $20.65, for a total transaction of $280,447.65. Following the transaction, the vice president now directly owns 77,329 shares of the company’s stock, valued at approximately $1,596,843.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Eric Bowen sold 20,000 shares of the stock in a transaction on Monday, September 17th. The shares were sold at an average price of $27.45, for a total value of $549,000.00. Following the transaction, the vice president now directly owns 84,241 shares in the company, valued at $2,312,415.45. The disclosure for this sale can be found here. Insiders sold a total of 40,350 shares of company stock worth $1,012,955 over the last ninety days. 1.97% of the stock is currently owned by insiders.
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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