Brent Robert Rystrom Purchases 5,000 Shares of RiceBran Technologies (RIBT) Stock

RiceBran Technologies (NASDAQ:RIBT) CEO Brent Robert Rystrom acquired 5,000 shares of the company’s stock in a transaction dated Thursday, December 6th. The stock was acquired at an average cost of $3.24 per share, with a total value of $16,200.00. Following the purchase, the chief executive officer now owns 152,777 shares of the company’s stock, valued at $494,997.48. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Brent Robert Rystrom also recently made the following trade(s):

  • On Tuesday, December 4th, Brent Robert Rystrom acquired 5,000 shares of RiceBran Technologies stock. The stock was acquired at an average cost of $3.31 per share, with a total value of $16,550.00.

Shares of NASDAQ RIBT remained flat at $$3.30 during mid-day trading on Friday. The stock had a trading volume of 270,482 shares, compared to its average volume of 124,082. RiceBran Technologies has a 1 year low of $1.30 and a 1 year high of $3.46.

RiceBran Technologies (NASDAQ:RIBT) last released its quarterly earnings data on Tuesday, November 6th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The firm had revenue of $3.46 million during the quarter. RiceBran Technologies had a negative return on equity of 45.57% and a negative net margin of 74.93%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in shares of RiceBran Technologies by 190.7% in the second quarter. Renaissance Technologies LLC now owns 669,200 shares of the company’s stock worth $1,445,000 after acquiring an additional 439,000 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of RiceBran Technologies in the third quarter worth about $345,000. JPMorgan Chase & Co. boosted its stake in shares of RiceBran Technologies by 253.4% in the third quarter. JPMorgan Chase & Co. now owns 101,860 shares of the company’s stock worth $292,000 after acquiring an additional 73,036 shares during the period. BlackRock Inc. boosted its stake in RiceBran Technologies by 340.2% during the second quarter. BlackRock Inc. now owns 60,264 shares of the company’s stock valued at $130,000 after buying an additional 46,574 shares during the last quarter. Finally, Royce & Associates LP bought a new position in RiceBran Technologies during the third quarter valued at approximately $144,000. 10.71% of the stock is owned by hedge funds and other institutional investors.

Separately, Lake Street Capital set a $5.00 price objective on RiceBran Technologies and gave the stock a “buy” rating in a research note on Wednesday, November 7th.

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RiceBran Technologies Company Profile

RiceBran Technologies processes and markets healthy, natural, and nutrient dense products derived from raw rice bran. The company manufactures and distributes stabilized rice bran (SRB) in various granulations with other products and derivatives. It offers RiBalance, a rice bran nutritional package derived from further processing of SRB; RiSolubles, a nutritious carbohydrate and lipid rich fraction of RiBalance; RiFiber, a protein and fiber rich derivative of RiBalance; and protein and protein/fiber blends under the ProRyza brand.

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