REX American Resources Corp. (NYSE:REX) CFO Douglas Bruggeman sold 1,500 shares of the business’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $86.89, for a total transaction of $130,335.00. Following the completion of the sale, the chief financial officer now owns 33,151 shares in the company, valued at $2,880,490.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Douglas Bruggeman also recently made the following trade(s):

  • On Thursday, September 8th, Douglas Bruggeman sold 1,500 shares of REX American Resources Corp. stock. The stock was sold at an average price of $85.00, for a total transaction of $127,500.00.
  • On Monday, August 29th, Douglas Bruggeman sold 2,000 shares of REX American Resources Corp. stock. The stock was sold at an average price of $81.40, for a total transaction of $162,800.00.

Shares of REX American Resources Corp. (NYSE:REX) opened at 84.73 on Friday. The firm has a 50-day moving average of $82.55 and a 200 day moving average of $64.64. The company has a market capitalization of $557.69 million, a PE ratio of 25.77 and a beta of 1.79. REX American Resources Corp. has a 12 month low of $44.48 and a 12 month high of $87.19.

REX American Resources Corp. (NYSE:REX) last announced its quarterly earnings results on Thursday, August 25th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates 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. On average, equities research analysts expect that REX American Resources Corp. will post $3.81 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for REX American Resources Corp. (NYSE:REX)

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of 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 during the period. BNP Paribas Arbitrage SA boosted its stake in shares of 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 during the period. BlackRock Advisors LLC boosted its stake in shares of 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 during the period. Smith Asset Management Group LP boosted its stake in shares of 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 during the period. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of REX American Resources Corp. during the second quarter worth $329,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.

Separately, Feltl & Co. assumed coverage on shares of REX American Resources Corp. in a research report on Thursday, September 15th. They issued a “buy” rating and a $94.50 price target on the 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).

5 Day Chart for NYSE:REX

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