Fox Run Management L.L.C. Takes Position in Renewable Energy Group, Inc. (NASDAQ:REGI)

Fox Run Management L.L.C. bought a new position in shares of Renewable Energy Group, Inc. (NASDAQ:REGI) during the second quarter, according to its most recent filing with the SEC. The firm bought 18,800 shares of the oil and gas company’s stock, valued at approximately $243,000.

A number of other hedge funds have also bought and sold shares of REGI. Renaissance Technologies LLC boosted its stake in Renewable Energy Group by 95.8% in the fourth quarter. Renaissance Technologies LLC now owns 651,027 shares of the oil and gas company’s stock worth $6,315,000 after buying an additional 318,466 shares during the period. Oxford Asset Management acquired a new stake in Renewable Energy Group during the first quarter worth about $3,225,000. Acadian Asset Management LLC boosted its stake in Renewable Energy Group by 247.1% in the first quarter. Acadian Asset Management LLC now owns 253,504 shares of the oil and gas company’s stock worth $2,649,000 after buying an additional 180,476 shares during the period. Sanders Morris Harris Inc. acquired a new stake in Renewable Energy Group during the first quarter worth about $1,752,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Renewable Energy Group by 312.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 216,296 shares of the oil and gas company’s stock worth $2,260,000 after buying an additional 163,827 shares during the period. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Shares of Renewable Energy Group, Inc. (NASDAQ REGI) opened at 12.55 on Monday. The firm has a market capitalization of $484.35 million, a PE ratio of 14.41 and a beta of 1.73. Renewable Energy Group, Inc. has a 52 week low of $7.91 and a 52 week high of $13.39. The stock has a 50 day moving average of $12.13 and a 200-day moving average of $10.45.

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REGI has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Renewable Energy Group from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research note on Tuesday, May 9th. Canaccord Genuity upgraded shares of Renewable Energy Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $11.00 to $16.00 in a research note on Friday, May 5th. Roth Capital set a $17.00 target price on shares of Renewable Energy Group and gave the company a “buy” rating in a research note on Monday, April 17th. ValuEngine upgraded shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 14th. Finally, Piper Jaffray Companies set a $13.00 target price on shares of Renewable Energy Group and gave the company a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $15.00.

In other news, CFO Chad Stone bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was acquired at an average cost of $11.95 per share, with a total value of $35,850.00. Following the completion of the purchase, the chief financial officer now owns 88,323 shares of the company’s stock, valued at $1,055,459.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher D. Sorrells bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average cost of $11.14 per share, with a total value of $55,700.00. Following the completion of the purchase, the director now directly owns 28,146 shares of the company’s stock, valued at approximately $313,546.44. The disclosure for this purchase can be found here. 2.28% of the stock is owned by company insiders.

About Renewable Energy Group

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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Institutional Ownership by Quarter for Renewable Energy Group (NASDAQ:REGI)

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