33,400 Shares in Pacific Ethanol Inc (PEIX) Purchased by GSA Capital Partners LLP
GSA Capital Partners LLP acquired a new stake in Pacific Ethanol Inc (NASDAQ:PEIX) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 33,400 shares of the oil and gas company’s stock, valued at approximately $185,000. GSA Capital Partners LLP owned approximately 0.08% of Pacific Ethanol at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of PEIX. Boston Partners increased its position in shares of Pacific Ethanol by 55.6% in the third quarter. Boston Partners now owns 2,561,600 shares of the oil and gas company’s stock valued at $14,217,000 after buying an additional 915,830 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Pacific Ethanol by 32.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,178,378 shares of the oil and gas company’s stock worth $13,615,000 after acquiring an additional 533,318 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Pacific Ethanol by 61.5% in the third quarter. JPMorgan Chase & Co. now owns 967,792 shares of the oil and gas company’s stock worth $5,371,000 after acquiring an additional 368,649 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Pacific Ethanol by 47.9% in the third quarter. Russell Investments Group Ltd. now owns 1,117,432 shares of the oil and gas company’s stock worth $6,200,000 after acquiring an additional 362,062 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Pacific Ethanol by 98.8% in the second quarter. Prudential Financial Inc. now owns 675,471 shares of the oil and gas company’s stock worth $4,221,000 after acquiring an additional 335,748 shares during the last quarter. Institutional investors and hedge funds own 80.54% of the company’s stock.
A number of analysts have recently issued reports on PEIX shares. Zacks Investment Research raised Pacific Ethanol from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday. B. Riley started coverage on Pacific Ethanol in a research note on Tuesday, November 28th. They issued a “buy” rating and a $7.00 price target on the stock. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $14.00 price target on shares of Pacific Ethanol in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Pacific Ethanol currently has a consensus rating of “Buy” and an average price target of $10.20.
Shares of Pacific Ethanol Inc (NASDAQ PEIX) opened at $4.70 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.30 and a quick ratio of 1.53. The stock has a market capitalization of $206.66, a P/E ratio of -19.58, a PEG ratio of 0.48 and a beta of 2.06. Pacific Ethanol Inc has a 12 month low of $4.10 and a 12 month high of $9.35.
Pacific Ethanol (NASDAQ:PEIX) last issued its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.09. The firm had revenue of $445.40 million for the quarter, compared to analyst estimates of $434.57 million. Pacific Ethanol had a negative return on equity of 2.13% and a negative net margin of 0.51%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.09) earnings per share. research analysts predict that Pacific Ethanol Inc will post -0.58 EPS for the current fiscal year.
In other Pacific Ethanol news, Director William L. Jones sold 20,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $4.30, for a total transaction of $86,000.00. Following the transaction, the director now owns 56,903 shares of the company’s stock, valued at $244,682.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.87% of the company’s stock.
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About Pacific Ethanol
Pacific Ethanol, Inc (Pacific Ethanol) is a marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by three other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States.
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