REX American Resources Corp. (REX) Insider Stuart A. Rose Sells 6,005 Shares
REX American Resources Corp. (NYSE:REX) insider Stuart A. Rose sold 6,005 shares of the firm’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $85.85, for a total transaction of $515,529.25. Following the completion of the sale, the insider now directly owns 628,376 shares in the company, valued at $53,946,079.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of REX American Resources Corp. (NYSE:REX) opened at 84.73 on Monday. The company has a 50 day moving average of $82.55 and a 200-day moving average of $64.64. The company has a market cap of $557.69 million, a price-to-earnings ratio of 25.77 and a beta of 1.79. REX American Resources Corp. has a 52 week low of $44.48 and a 52 week high of $87.19.
REX American Resources Corp. (NYSE:REX) last released its quarterly earnings data on Thursday, August 25th. The company reported $1.24 EPS for the quarter, topping 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 the consensus estimate 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.
Separately, Feltl & Co. began coverage on shares of REX American Resources Corp. in a research note on Thursday, September 15th. They issued a “buy” rating and a $94.50 price target for the company.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position 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 increased its position 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 increased its position 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 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 last quarter. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of REX American Resources Corp. during the second quarter worth about $329,000. Hedge funds and other 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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