Crossmark Global Holdings Inc. cut its holdings in shares of Renewable Energy Group Inc (NASDAQ:REGI) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,530 shares of the oil and gas company’s stock after selling 3,990 shares during the period. Crossmark Global Holdings Inc. owned about 0.06% of Renewable Energy Group worth $605,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in REGI. IFP Advisors Inc lifted its stake in shares of Renewable Energy Group by 193.9% in the 4th quarter. IFP Advisors Inc now owns 1,061 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 700 shares during the last quarter. US Bancorp DE lifted its stake in shares of Renewable Energy Group by 143.3% in the 3rd quarter. US Bancorp DE now owns 4,717 shares of the oil and gas company’s stock valued at $136,000 after acquiring an additional 2,778 shares during the last quarter. Quantamental Technologies LLC bought a new position in shares of Renewable Energy Group in the 4th quarter valued at $164,000. Hartford Investment Management Co. bought a new position in shares of Renewable Energy Group in the 3rd quarter valued at $214,000. Finally, Ibex Investors LLC bought a new position in shares of Renewable Energy Group in the 3rd quarter valued at $214,000.
A number of brokerages have recently commented on REGI. BidaskClub cut Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 26th. TheStreet upgraded Renewable Energy Group from a “c+” rating to a “b” rating in a research note on Wednesday, November 14th. Finally, Roth Capital set a $35.00 price target on Renewable Energy Group and gave the company a “buy” rating in a research note on Wednesday, October 17th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Renewable Energy Group presently has a consensus rating of “Buy” and a consensus price target of $29.67.
In related news, Director Peter John Martin Harding acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The stock was acquired at an average cost of $23.94 per share, for a total transaction of $119,700.00. Following the completion of the acquisition, the director now directly owns 100,526 shares of the company’s stock, valued at approximately $2,406,592.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Eric Bowen sold 9,750 shares of the stock in a transaction on Friday, November 16th. The shares were sold at an average price of $26.19, for a total value of $255,352.50. The disclosure for this sale can be found here. Corporate insiders own 1.97% of the company’s stock.
NASDAQ REGI opened at $26.59 on Thursday. The firm has a market capitalization of $987.68 million, a P/E ratio of -13.03 and a beta of 1.06. Renewable Energy Group Inc has a twelve month low of $10.55 and a twelve month high of $32.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.11.
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Renewable Energy Group Profile
Renewable Energy Group, Inc produces biomass-based diesel and biofuel and develops renewable chemicals. The company utilizes an integrated procurement, distribution, and logistics network to convert natural fats, oils, greases, and sugars into lower carbon intensity products. It operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments.
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