Thrivent Financial For Lutherans Has $945,000 Stake in Renewable Energy Group, Inc. (NASDAQ:REGI)
Thrivent Financial For Lutherans held its position in Renewable Energy Group, Inc. (NASDAQ:REGI) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,400 shares of the oil and gas company’s stock at the end of the first quarter. Thrivent Financial For Lutherans owned about 0.23% of Renewable Energy Group worth $945,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Denver Investment Advisors LLC purchased a new position in shares of Renewable Energy Group during the first quarter worth approximately $113,000. O Shaughnessy Asset Management LLC boosted its position in shares of Renewable Energy Group by 155.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 11,754 shares of the oil and gas company’s stock worth $123,000 after buying an additional 7,160 shares during the period. Marshall Wace LLP purchased a new position in shares of Renewable Energy Group during the fourth quarter worth approximately $129,000. Quotient Investors LLC purchased a new position in shares of Renewable Energy Group during the first quarter worth approximately $310,000. Finally, Karp Capital Management Corp purchased a new position in shares of Renewable Energy Group during the first quarter worth approximately $363,000. Institutional investors and hedge funds own 97.82% of the company’s stock.
Shares of Renewable Energy Group, Inc. (NASDAQ REGI) traded down 5.51% during midday trading on Friday, hitting $12.00. The stock had a trading volume of 833,167 shares. The stock has a 50 day moving average of $12.42 and a 200-day moving average of $10.64. Renewable Energy Group, Inc. has a one year low of $7.91 and a one year high of $13.39. The company has a market cap of $463.13 million, a P/E ratio of 13.78 and a beta of 1.74.
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A number of brokerages recently commented on REGI. BidaskClub cut Renewable Energy Group from a “buy” rating to a “hold” rating in a report on Monday. Piper Jaffray Companies set a $13.00 price target on Renewable Energy Group and gave the company a “hold” rating in a research report on Saturday, July 22nd. ValuEngine raised Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 14th. Zacks Investment Research lowered Renewable Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Roth Capital set a $17.00 price target on Renewable Energy Group and gave the company a “buy” rating in a research report on Wednesday, June 14th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $15.00.
In other Renewable Energy Group news, CFO Chad Stone bought 3,000 shares of the stock in a transaction on Thursday, May 11th. The stock was purchased at an average price of $11.95 per share, with a total value of $35,850.00. Following the acquisition, the chief financial officer now owns 88,323 shares of the company’s stock, valued at $1,055,459.85. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Carlson Capital L. P sold 65,000 shares of Renewable Energy Group stock in a transaction on Monday, June 26th. The stock was sold at an average price of $12.83, for a total transaction of $833,950.00. The disclosure for this sale can be found here. Insiders own 2.28% of the company’s stock.
Renewable Energy Group Company Profile
Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services. The Company is a producer of biomass-based diesel in North America. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities. It is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products.
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