Crossmark Global Holdings Inc. Trims Stake in Renewable Energy Group Inc (REGI)

Crossmark Global Holdings Inc. cut its position in Renewable Energy Group Inc (NASDAQ:REGI) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,530 shares of the oil and gas company’s stock after selling 3,990 shares during the period. Crossmark Global Holdings Inc.’s holdings in Renewable Energy Group were worth $605,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of REGI. Perella Weinberg Partners Capital Management LP increased its stake in shares of Renewable Energy Group by 300.9% during the 4th quarter. Perella Weinberg Partners Capital Management LP now owns 85,435 shares of the oil and gas company’s stock worth $2,196,000 after purchasing an additional 64,122 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Renewable Energy Group by 6.3% during the 4th quarter. Arizona State Retirement System now owns 57,442 shares of the oil and gas company’s stock worth $1,476,000 after purchasing an additional 3,393 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of Renewable Energy Group by 20.9% during the 4th quarter. New York State Teachers Retirement System now owns 28,825 shares of the oil and gas company’s stock worth $741,000 after purchasing an additional 4,976 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Renewable Energy Group during the 4th quarter worth approximately $164,000. Finally, First Quadrant L P CA increased its stake in shares of Renewable Energy Group by 17.5% during the 4th quarter. First Quadrant L P CA now owns 71,033 shares of the oil and gas company’s stock worth $1,826,000 after purchasing an additional 10,598 shares during the last quarter.

In related news, VP Eric Bowen sold 9,750 shares of Renewable Energy Group stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $26.19, for a total value of $255,352.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter John Martin Harding acquired 5,000 shares of Renewable Energy Group stock in a transaction that occurred on Monday, December 17th. The stock was acquired at an average price of $23.94 per share, with a total value of $119,700.00. Following the completion of the purchase, the director now directly owns 100,526 shares in the company, valued at approximately $2,406,592.44. The disclosure for this purchase can be found here. 1.97% of the stock is currently owned by insiders.

REGI has been the subject of a number of recent research reports. BidaskClub upgraded shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 19th. TheStreet upgraded shares of Renewable Energy Group from a “c+” rating to a “b” rating in a research note on Wednesday, November 14th. Roth Capital set a $35.00 price objective on shares of Renewable Energy Group and gave the company a “buy” rating in a research note on Wednesday, October 17th. Finally, Zacks Investment Research upgraded shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 26th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Renewable Energy Group currently has an average rating of “Buy” and an average price target of $29.67.

Renewable Energy Group stock opened at $26.59 on Thursday. Renewable Energy Group Inc has a 1-year low of $10.55 and a 1-year high of $32.52. The company has a market capitalization of $987.68 million, a P/E ratio of -13.03 and a beta of 1.06. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.04.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://transcriptdaily.com/2019/02/14/crossmark-global-holdings-inc-trims-stake-in-renewable-energy-group-inc-regi.html.

Renewable Energy Group Company Profile

Renewable Energy Group, Inc produces biomass-based diesel and biofuel and develops renewable chemicals. The company utilizes an integrated procurement, distribution, and logistics network to convert natural fats, oils, greases, and sugars into lower carbon intensity products. It operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments.

Recommended Story: Penny Stocks, What You Need To Know

Want to see what other hedge funds are holding REGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Renewable Energy Group Inc (NASDAQ:REGI).

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

Receive News & Ratings for Renewable Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renewable Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply