Ellsworth Advisors LLC Makes New $944,000 Investment in REX American Resources Corporation $REX

Ellsworth Advisors LLC acquired a new stake in shares of REX American Resources Corporation (NYSE:REX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,736 shares of the energy company’s stock, valued at approximately $944,000. Ellsworth Advisors LLC owned approximately 0.07% of REX American Resources at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. bought a new position in REX American Resources in the 2nd quarter valued at $255,640,000. Arrowstreet Capital Limited Partnership raised its stake in shares of REX American Resources by 6.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 447,642 shares of the energy company’s stock worth $20,399,000 after purchasing an additional 26,989 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of REX American Resources during the 2nd quarter worth $8,599,000. Empowered Funds LLC raised its stake in shares of REX American Resources by 5.0% during the 1st quarter. Empowered Funds LLC now owns 164,164 shares of the energy company’s stock worth $7,481,000 after purchasing an additional 7,784 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of REX American Resources by 0.8% in the 1st quarter. Principal Financial Group Inc. now owns 163,362 shares of the energy company’s stock worth $7,444,000 after buying an additional 1,288 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Insider Buying and Selling

In other REX American Resources news, insider Stuart Rose sold 50,000 shares of REX American Resources stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $42.55, for a total transaction of $2,127,500.00. Following the completion of the transaction, the insider owned 2,278,324 shares of the company’s stock, valued at $96,942,686.20. The trade was a 2.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on REX shares. Weiss Ratings raised shares of REX American Resources from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Wall Street Zen downgraded shares of REX American Resources from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 3rd. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

REX American Resources Stock Up 0.2%

Shares of NYSE:REX opened at $41.86 on Friday. The firm has a market capitalization of $1.39 billion, a PE ratio of 11.47 and a beta of 0.60. REX American Resources Corporation has a twelve month low of $30.46 and a twelve month high of $53.36. The company has a 50-day moving average price of $42.90 and a two-hundred day moving average price of $44.83.

REX American Resources (NYSE:REX) last issued its earnings results on Wednesday, September 2nd. The energy company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.64. REX American Resources had a net margin of 18.31% and a return on equity of 16.90%. The business had revenue of $168.49 million for the quarter, compared to analysts’ expectations of $194.81 million.

REX American Resources Company Profile

REX American Resources Corporation is an ethanol production and investment company headquartered in Dayton, Ohio. Through its subsidiaries and equity investments, the company has interests in ethanol production facilities located primarily in the U.S. Midwest.

REX’s principal products include fuel-grade ethanol, distillers grains and corn oil. Ethanol is produced from corn and sold for use as a renewable fuel and gasoline-blending component, while distillers grains and corn oil are marketed primarily for use in animal feed and other industrial applications.

The company’s operations and investments have included facilities in states such as Illinois, Iowa and Minnesota.