Pacific Ethanol Inc (PEIX) VP Buys $20,800.00 in Stock
Pacific Ethanol Inc (NASDAQ:PEIX) VP Paul Koehler acquired 6,500 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were bought at an average price of $3.20 per share, for a total transaction of $20,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Pacific Ethanol Inc (NASDAQ PEIX) traded up $0.25 during midday trading on Friday, reaching $3.35. The company’s stock had a trading volume of 455,116 shares, compared to its average volume of 354,949. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.53 and a current ratio of 2.30. Pacific Ethanol Inc has a 12-month low of $3.10 and a 12-month high of $7.57.
Pacific Ethanol (NASDAQ:PEIX) last posted its quarterly earnings data on Wednesday, February 28th. The oil and gas company reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.21). The company had revenue of $395.27 million for the quarter, compared to analyst estimates of $418.84 million. Pacific Ethanol had a negative return on equity of 8.75% and a negative net margin of 2.14%. Pacific Ethanol’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. sell-side analysts expect that Pacific Ethanol Inc will post -0.49 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Voya Investment Management LLC increased its holdings in shares of Pacific Ethanol by 21.9% in the 2nd quarter. Voya Investment Management LLC now owns 19,222 shares of the oil and gas company’s stock valued at $120,000 after purchasing an additional 3,448 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Pacific Ethanol by 53.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,264 shares of the oil and gas company’s stock valued at $214,000 after purchasing an additional 11,925 shares during the period. ClariVest Asset Management LLC increased its holdings in shares of Pacific Ethanol by 3.5% in the 3rd quarter. ClariVest Asset Management LLC now owns 414,238 shares of the oil and gas company’s stock valued at $2,299,000 after purchasing an additional 13,829 shares during the period. California State Teachers Retirement System increased its holdings in shares of Pacific Ethanol by 26.1% in the 2nd quarter. California State Teachers Retirement System now owns 72,857 shares of the oil and gas company’s stock valued at $455,000 after purchasing an additional 15,100 shares during the period. Finally, First Quadrant L P CA increased its holdings in shares of Pacific Ethanol by 496.8% in the 3rd quarter. First Quadrant L P CA now owns 18,935 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 15,762 shares during the period. Institutional investors own 78.35% of the company’s stock.
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Pacific Ethanol Company Profile
Pacific Ethanol, Inc (Pacific Ethanol) is a marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by three other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States.
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