Insider Selling: REX American Resources Corp. (REX) Insider Sells 4,608 Shares of Stock
REX American Resources Corp. (NYSE:REX) insider Stuart A. Rose sold 4,608 shares of the company’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $86.37, for a total transaction of $397,992.96. Following the sale, the insider now owns 621,807 shares of the company’s stock, valued at $53,705,470.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
REX American Resources Corp. (NYSE:REX) opened at 84.73 on Friday. The stock’s 50 day moving average is $82.55 and its 200 day moving average is $64.64. REX American Resources Corp. has a 52 week low of $44.48 and a 52 week high of $87.19. The company has a market capitalization of $557.69 million, a P/E ratio of 25.77 and a beta of 1.79.
REX American Resources Corp. (NYSE:REX) last announced its quarterly earnings data on Thursday, August 25th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.13. The firm had revenue of $115.70 million for the quarter, compared to the consensus estimate of $109.09 million. REX American Resources Corp. had a net margin of 5.11% and a return on equity of 6.16%. On average, equities research analysts expect that REX American Resources Corp. will post $3.81 earnings per share for the current year.
Separately, Feltl & Co. began coverage on shares of REX American Resources Corp. in a research report on Thursday, September 15th. They set a “buy” rating and a $94.50 price target for the company.
Several hedge funds have recently made changes to their positions in REX. DNB Asset Management AS bought a new stake in shares of REX American Resources Corp. during the second quarter worth about $16,888,000. GMT Capital Corp bought a new stake in shares of REX American Resources Corp. during the second quarter worth about $7,407,000. Renaissance Technologies LLC increased its stake in shares of REX American Resources Corp. by 21.2% in the first quarter. Renaissance Technologies LLC now owns 449,600 shares of the company’s stock worth $24,939,000 after buying an additional 78,700 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of REX American Resources Corp. during the second quarter worth about $4,499,000. Finally, AJO LP increased its stake in shares of REX American Resources Corp. by 111.5% in the second quarter. AJO LP now owns 70,089 shares of the company’s stock worth $4,193,000 after buying an additional 36,951 shares in the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.
About REX American Resources Corp.
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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