Renewable Energy Group (REGI) Sets New 52-Week Low After Insider Selling

Shares of Renewable Energy Group Inc (NASDAQ:REGI) reached a new 52-week low during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $16.01 and last traded at $16.34, with a volume of 831015 shares traded. The stock had previously closed at $16.72.

Specifically, VP Gary Haer sold 11,679 shares of Renewable Energy Group stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $16.87, for a total transaction of $197,024.73. Following the completion of the transaction, the vice president now owns 48,860 shares of the company’s stock, valued at approximately $824,268.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Delbert Christensen bought 1,750 shares of Renewable Energy Group stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $23.01 per share, with a total value of $40,267.50. Following the acquisition, the director now directly owns 76,191 shares in the company, valued at $1,753,154.91. The disclosure for this purchase can be found here. Insiders own 3.01% of the company’s stock.

A number of research analysts have weighed in on the company. BidaskClub lowered Renewable Energy Group from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Roth Capital lowered Renewable Energy Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $35.00 to $22.00 in a report on Friday, May 3rd. Zacks Investment Research raised Renewable Energy Group from a “sell” rating to a “hold” rating in a report on Thursday. TheStreet lowered Renewable Energy Group from a “b” rating to a “c+” rating in a report on Friday, May 3rd. Finally, BWS Financial assumed coverage on Renewable Energy Group in a report on Wednesday, April 24th. They set a “buy” rating and a $31.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Renewable Energy Group presently has a consensus rating of “Buy” and an average price target of $28.40.

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.27 and a quick ratio of 0.72. The firm has a market capitalization of $627.09 million, a P/E ratio of 2.41 and a beta of 0.94.

Renewable Energy Group (NASDAQ:REGI) last issued its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported ($1.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.70) by ($0.41). Renewable Energy Group had a return on equity of 6.23% and a net margin of 1.52%. The business had revenue of $478.21 million for the quarter, compared to analysts’ expectations of $480.79 million. On average, analysts anticipate that Renewable Energy Group Inc will post 0.86 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Renewable Energy Group by 0.3% during the first quarter. BlackRock Inc. now owns 5,895,374 shares of the oil and gas company’s stock worth $129,463,000 after purchasing an additional 16,265 shares in the last quarter. Vanguard Group Inc boosted its stake in Renewable Energy Group by 32.2% in the third quarter. Vanguard Group Inc now owns 3,289,677 shares of the oil and gas company’s stock worth $94,743,000 after buying an additional 801,780 shares in the last quarter. Vanguard Group Inc. boosted its stake in Renewable Energy Group by 32.2% in the third quarter. Vanguard Group Inc. now owns 3,289,677 shares of the oil and gas company’s stock worth $94,743,000 after buying an additional 801,780 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Renewable Energy Group by 29.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,167,366 shares of the oil and gas company’s stock worth $25,636,000 after buying an additional 266,093 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Renewable Energy Group by 1.3% in the first quarter. Goldman Sachs Group Inc. now owns 818,976 shares of the oil and gas company’s stock valued at $17,985,000 after purchasing an additional 10,165 shares during the last quarter.

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About Renewable Energy Group (NASDAQ:REGI)

Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.

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