NumerixS Investment Technologies Inc Takes $198,000 Position in Renewable Energy Group Inc (NASDAQ:REGI)

NumerixS Investment Technologies Inc bought a new position in Renewable Energy Group Inc (NASDAQ:REGI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,800 shares of the oil and gas company’s stock, valued at approximately $198,000.

A number of other hedge funds have also modified their holdings of the business. IFP Advisors Inc raised its stake in shares of Renewable Energy Group by 193.9% during the 4th quarter. IFP Advisors Inc now owns 1,061 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 700 shares during the last quarter. Pearl River Capital LLC acquired a new stake in Renewable Energy Group in the 4th quarter worth about $38,000. Royce & Associates LP acquired a new position in shares of Renewable Energy Group during the 1st quarter worth approximately $38,000. Advisory Services Network LLC acquired a new position in shares of Renewable Energy Group during the 4th quarter worth approximately $56,000. Finally, CoreCommodity Management LLC acquired a new position in shares of Renewable Energy Group during the 4th quarter worth approximately $78,000.

NASDAQ REGI traded down $0.23 during mid-day trading on Wednesday, reaching $13.76. 1,952 shares of the stock were exchanged, compared to its average volume of 617,622. Renewable Energy Group Inc has a 1-year low of $13.75 and a 1-year high of $32.52. The firm has a market cap of $517.25 million, a P/E ratio of 2.04 and a beta of 1.31. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.72 and a current ratio of 1.27.

Renewable Energy Group (NASDAQ:REGI) last issued its earnings results on Thursday, May 2nd. The oil and gas company reported ($1.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.70) by ($0.41). Renewable Energy Group had a net margin of 1.52% and a return on equity of 6.23%. The business had revenue of $478.21 million during the quarter, compared to analysts’ expectations of $480.79 million. As a group, equities analysts predict that Renewable Energy Group Inc will post 0.09 EPS for the current year.

REGI has been the topic of several recent research reports. BidaskClub cut Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 12th. Zacks Investment Research cut Renewable Energy Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 12th. Piper Jaffray Companies started coverage on Renewable Energy Group in a report on Thursday, April 4th. They set an “overweight” rating and a $35.00 target price on the stock. BWS Financial assumed coverage on shares of Renewable Energy Group in a research report on Wednesday, April 24th. They set a “buy” rating and a $31.00 price target on the stock. Finally, Roth Capital lowered Renewable Energy Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $35.00 to $22.00 in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.40.

In other news, Director Peter John Martin Harding bought 2,500 shares of Renewable Energy Group stock in a transaction on Thursday, May 9th. The stock was purchased at an average cost of $16.72 per share, with a total value of $41,800.00. Following the purchase, the director now directly owns 108,654 shares of the company’s stock, valued at approximately $1,816,694.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael M. Scharf sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $15.81, for a total transaction of $158,100.00. Following the transaction, the director now directly owns 47,064 shares of the company’s stock, valued at $744,081.84. The disclosure for this sale can be found here. Insiders sold a total of 41,354 shares of company stock valued at $675,434 in the last three months. Insiders own 3.01% of the company’s stock.

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About Renewable Energy Group

Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.

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

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