REX American Resources Corp. (REX) Insider Stuart A. Rose Sells 2,201 Shares
REX American Resources Corp. (NYSE:REX) insider Stuart A. Rose sold 2,201 shares of the business’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $85.52, for a total transaction of $188,229.52. Following the sale, the insider now directly owns 630,259 shares of the company’s stock, valued at approximately $53,899,749.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of REX American Resources Corp. (NYSE:REX) traded down 0.65% on Friday, reaching $85.46. 2,264 shares of the company traded hands. REX American Resources Corp. has a 1-year low of $44.48 and a 1-year high of $87.19. The stock has a market capitalization of $562.50 million, a price-to-earnings ratio of 25.99 and a beta of 1.79. The company has a 50-day moving average of $82.20 and a 200-day moving average of $64.45.
REX American Resources Corp. (NYSE:REX) last posted its quarterly earnings results on Thursday, August 25th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.13. The business earned $115.70 million during the quarter, compared to analysts’ expectations of $109.09 million. REX American Resources Corp. had a net margin of 5.11% and a return on equity of 6.16%. Analysts anticipate that REX American Resources Corp. will post $3.81 earnings per share for the current fiscal year.
Separately, Feltl & Co. assumed coverage on shares of REX American Resources Corp. in a report on Thursday, September 15th. They issued a “buy” rating and a $94.50 target price for the company.
Several hedge funds and other institutional investors have recently bought and sold shares of REX. California Public Employees Retirement System boosted its position in REX American Resources Corp. by 7.5% in the second quarter. California Public Employees Retirement System now owns 38,900 shares of the company’s stock worth $2,327,000 after buying an additional 2,700 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in REX American Resources Corp. during the second quarter worth about $4,499,000. First Citizens Bank & Trust Co. bought a new position in REX American Resources Corp. during the second quarter worth about $329,000. Smith Asset Management Group LP boosted its position 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, DNB Asset Management AS bought a new position in REX American Resources Corp. during the second quarter worth about $16,888,000. 95.28% of the stock is owned by institutional investors and hedge funds.
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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