DG Capital Management LLC Sells 348,656 Shares of RiceBran Technologies (NASDAQ:RIBT)

DG Capital Management LLC lessened its holdings in shares of RiceBran Technologies (NASDAQ:RIBT) by 27.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 930,663 shares of the company’s stock after selling 348,656 shares during the quarter. DG Capital Management LLC owned about 2.05% of RiceBran Technologies worth $921,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Renaissance Technologies LLC boosted its position in RiceBran Technologies by 5.8% during the first quarter. Renaissance Technologies LLC now owns 507,300 shares of the company’s stock worth $502,000 after purchasing an additional 28,000 shares during the period. Northern Trust Corp boosted its position in shares of RiceBran Technologies by 74.2% in the first quarter. Northern Trust Corp now owns 73,227 shares of the company’s stock valued at $72,000 after acquiring an additional 31,192 shares during the period. Finally, LPL Financial LLC boosted its position in shares of RiceBran Technologies by 17.9% in the fourth quarter. LPL Financial LLC now owns 64,511 shares of the company’s stock valued at $39,000 after acquiring an additional 9,799 shares during the period. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Shares of RIBT stock traded down $0.02 during trading hours on Wednesday, reaching $1.04. The stock had a trading volume of 133 shares, compared to its average volume of 2,674,424. The stock has a fifty day simple moving average of $1.01. The company has a quick ratio of 1.46, a current ratio of 1.67 and a debt-to-equity ratio of 0.05. RiceBran Technologies has a 12 month low of $0.37 and a 12 month high of $1.83. The firm has a market capitalization of $47.27 million, a price-to-earnings ratio of -4.95 and a beta of 0.36.

RiceBran Technologies (NASDAQ:RIBT) last released its quarterly earnings data on Wednesday, April 28th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. RiceBran Technologies had a negative net margin of 30.62% and a negative return on equity of 33.74%. The company had revenue of $8.61 million during the quarter.

RiceBran Technologies Company Profile

RiceBran Technologies, together with its subsidiaries, operates as a specialty ingredient company. It focuses on producing, processing, and marketing of value-added processing and marketing of healthy, natural, and nutrient dense products derived from rice and other small grains, and by-products created in the milling of these grains.

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Institutional Ownership by Quarter for RiceBran Technologies (NASDAQ:RIBT)

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