Insider Selling: REX American Resources (NYSE:REX) Insider Sells $662,717.04 in Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 15,186 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $43.64, for a total transaction of $662,717.04. Following the completion of the sale, the insider owned 573,094 shares in the company, valued at $25,009,822.16. This represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

REX American Resources Stock Down 0.1%

NYSE REX opened at $43.22 on Thursday. The firm has a market cap of $1.42 billion, a PE ratio of 15.41 and a beta of 0.61. The company has a 50 day moving average price of $46.51 and a 200 day moving average price of $39.95. REX American Resources Corporation has a 52 week low of $24.16 and a 52 week high of $53.36.

REX American Resources (NYSE:REX) last announced its earnings results on Thursday, May 28th. The energy company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.42. The company had revenue of $156.50 million during the quarter, compared to the consensus estimate of $167.23 million. REX American Resources had a net margin of 14.30% and a return on equity of 13.67%.

Hedge Funds Weigh In On REX American Resources

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. boosted its stake in REX American Resources by 133.4% in the 4th quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock worth $29,000 after purchasing an additional 515 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in REX American Resources by 359.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock valued at $29,000 after purchasing an additional 704 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of REX American Resources by 97.6% in the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock worth $35,000 after buying an additional 564 shares during the last quarter. Simplex Trading LLC purchased a new position in shares of REX American Resources in the fourth quarter worth $35,000. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of REX American Resources by 59.2% during the third quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock worth $76,000 after buying an additional 921 shares during the period. 88.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings raised REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

REX American Resources Company Profile

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.