REX American Resources Corp. (REX) Insider Edward M. Kress Sells 15,000 Shares
REX American Resources Corp. (NYSE:REX) insider Edward M. Kress sold 15,000 shares of the business’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $84.69, for a total value of $1,270,350.00. Following the completion of the sale, the insider now directly owns 56,327 shares of the company’s stock, valued at $4,770,333.63. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of REX American Resources Corp. (NYSE:REX) opened at 85.35 on Wednesday. The firm’s 50-day moving average price is $81.38 and its 200-day moving average price is $64.14. The company has a market capitalization of $561.77 million, a price-to-earnings ratio of 25.96 and a beta of 1.79. REX American Resources Corp. has a one year low of $44.48 and a one year high of $87.13.
REX American Resources Corp. (NYSE:REX) last announced its quarterly earnings data on Thursday, August 25th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.13. REX American Resources Corp. had a return on equity of 6.16% and a net margin of 5.11%. The firm had revenue of $115.70 million for the quarter, compared to analysts’ expectations of $109.09 million. Analysts anticipate that REX American Resources Corp. will post $3.81 earnings per share for the current year.
Separately, Feltl & Co. assumed coverage on REX American Resources Corp. in a research report on Thursday, September 15th. They issued a “buy” rating and a $94.50 target price for the company.
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in REX American Resources Corp. by 412.1% in the second quarter. BlackRock Inc. now owns 1,741 shares of the company’s stock worth $104,000 after buying an additional 1,401 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in REX American Resources Corp. by 70.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,804 shares of the company’s stock worth $108,000 after buying an additional 748 shares in the last quarter. BlackRock Advisors LLC raised its stake in REX American Resources Corp. by 3.5% in the second quarter. BlackRock Advisors LLC now owns 2,838 shares of the company’s stock worth $170,000 after buying an additional 96 shares in the last quarter. Smith Asset Management Group LP raised its stake in REX American Resources Corp. by 62.9% in the second quarter. Smith Asset Management Group LP now owns 5,100 shares of the company’s stock worth $305,000 after buying an additional 1,970 shares in the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in REX American Resources Corp. during the second quarter worth $329,000. Institutional investors own 95.28% of the company’s stock.
REX American Resources Corp. Company Profile
Rex American Resources Corporation is a holding company. The Company has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Company operates through alternative energy segment. The Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).
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