Insider Selling: REX American Resources (NYSE:REX) Insider Sells 69,335 Shares of Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 69,335 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $43.77, for a total transaction of $3,034,792.95. Following the completion of the transaction, the insider directly owned 588,280 shares in the company, valued at approximately $25,749,015.60. The trade was a 10.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

REX American Resources Stock Performance

REX traded up $0.02 during midday trading on Thursday, reaching $43.29. 51,972 shares of the company were exchanged, compared to its average volume of 192,453. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 15.45 and a beta of 0.61. REX American Resources Corporation has a one year low of $23.82 and a one year high of $53.36. The company’s fifty day moving average price is $46.58 and its 200 day moving average price is $39.60.

REX American Resources (NYSE:REX) last issued its quarterly earnings data on Thursday, May 28th. The energy company reported $0.56 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $167.23 million.

Hedge Funds Weigh In On REX American Resources

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of REX American Resources by 101.0% in the third quarter. Vanguard Group Inc. now owns 2,436,632 shares of the energy company’s stock valued at $74,610,000 after purchasing an additional 1,224,274 shares during the period. Dimensional Fund Advisors LP grew its stake in REX American Resources by 89.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock valued at $65,923,000 after buying an additional 1,015,668 shares in the last quarter. M&T Bank Corp bought a new stake in REX American Resources during the 4th quarter valued at $17,199,000. Mangrove Partners IM LLC purchased a new stake in shares of REX American Resources during the third quarter worth $16,123,000. Finally, American Century Companies Inc. boosted its holdings in shares of REX American Resources by 88.0% in the third quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock worth $25,305,000 after acquiring an additional 386,947 shares during the period. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Analyst Ratings Changes

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