Ajo LP purchased a new position in Renewable Energy Group Inc (NASDAQ:REGI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 110,045 shares of the company’s stock, valued at approximately $972,000. Ajo LP owned about 0.26% of Renewable Energy Group at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of REGI. Flagship Ventures Fund 2007 L.P. bought a new stake in Renewable Energy Group during the first quarter valued at about $317,000. Barclays PLC boosted its stake in Renewable Energy Group by 376.5% in the first quarter. Barclays PLC now owns 109,400 shares of the company’s stock valued at $984,000 after buying an additional 86,441 shares in the last quarter. A.R.T. Advisors LLC bought a new stake in Renewable Energy Group during the first quarter valued at about $778,000. Renaissance Technologies LLC bought a new stake in Renewable Energy Group during the first quarter valued at about $167,000. Finally, Geode Capital Management LLC boosted its stake in Renewable Energy Group by 13.7% in the first quarter. Geode Capital Management LLC now owns 260,309 shares of the company’s stock valued at $2,456,000 after buying an additional 31,390 shares in the last quarter.
Shares of Renewable Energy Group Inc (NASDAQ:REGI) remained flat at $8.14 on Wednesday. 41,648 shares of the company were exchanged. Renewable Energy Group Inc has a one year low of $6.02 and a one year high of $10.43. The stock has a 50 day moving average price of $8.92 and a 200 day moving average price of $9.04. The stock’s market cap is $314.85 million.
Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.12. The business earned $558 million during the quarter, compared to analysts’ expectations of $417.78 million. The company’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS. On average, analysts forecast that Renewable Energy Group Inc will post $1.25 EPS for the current fiscal year.
REGI has been the topic of several research analyst reports. Zacks Investment Research raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. Canaccord Genuity reaffirmed a “hold” rating on shares of Renewable Energy Group in a research report on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.67.
In related news, Director Peter John Martin Harding acquired 5,000 shares of the business’s stock in a transaction on Friday, September 16th. The shares were purchased at an average price of $8.13 per share, for a total transaction of $40,650.00. Following the acquisition, the director now owns 56,637 shares in the company, valued at $460,458.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
About Renewable Energy Group
Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services while also providing conventional products and services. The Company is a producer of biomass-based diesel in the United States. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities.
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