Mangrove Partners IM LLC Boosts Stake in REX American Resources Corporation $REX

Mangrove Partners IM LLC increased its stake in shares of REX American Resources Corporation (NYSE:REX) by 92.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,015,234 shares of the energy company’s stock after purchasing an additional 488,682 shares during the period. REX American Resources makes up approximately 2.7% of Mangrove Partners IM LLC’s investment portfolio, making the stock its 15th largest position. Mangrove Partners IM LLC owned 3.08% of REX American Resources worth $32,812,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in REX. Hantz Financial Services Inc. boosted its position in shares of REX American Resources by 133.4% during 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 during the period. Parallel Advisors LLC boosted its position in shares of REX American Resources by 97.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock worth $35,000 after purchasing an additional 564 shares during the period. Simplex Trading LLC purchased a new position in shares of REX American Resources during the 4th quarter worth approximately $35,000. Ameritas Investment Partners Inc. boosted its position in shares of REX American Resources by 59.2% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock worth $76,000 after purchasing an additional 921 shares during the period. Finally, US Bancorp DE boosted its position in shares of REX American Resources by 100.0% during the 3rd quarter. US Bancorp DE now owns 2,680 shares of the energy company’s stock worth $82,000 after purchasing an additional 1,340 shares during the period. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Insider Buying and Selling at REX American Resources

In other news, CFO Douglas Bruggeman sold 5,086 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $48.73, for a total value of $247,840.78. Following the completion of the sale, the chief financial officer directly owned 254,084 shares of the company’s stock, valued at approximately $12,381,513.32. The trade was a 1.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stuart A. Rose sold 766 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $44.14, for a total value of $33,811.24. Following the completion of the sale, the insider directly owned 625,254 shares of the company’s stock, valued at $27,598,711.56. The trade was a 0.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,565 shares of company stock worth $1,037,199 over the last quarter. 13.21% of the stock is owned by company insiders.

REX American Resources Trading Up 1.4%

Shares of REX opened at $43.57 on Wednesday. REX American Resources Corporation has a twelve month low of $23.82 and a twelve month high of $53.36. The firm’s fifty day simple moving average is $46.61 and its 200-day simple moving average is $39.52. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 15.53 and a beta of 0.61.

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

Analyst Upgrades and Downgrades

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

REX American Resources 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.