Insider Selling: REX American Resources (NYSE:REX) Insider Sells $2,127,500.00 in Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 50,000 shares of REX American Resources stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $42.55, for a total value of $2,127,500.00. Following the completion of the transaction, the insider directly owned 2,278,324 shares in the company, valued at $96,942,686.20. This represents a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

REX American Resources Trading Down 0.7%

NYSE REX opened at $43.46 on Friday. REX American Resources Corporation has a 1 year low of $30.31 and a 1 year high of $53.36. The company has a market cap of $1.44 billion, a PE ratio of 11.91 and a beta of 0.60. The stock’s 50-day moving average price is $42.98 and its two-hundred day moving average price is $44.71.

REX American Resources (NYSE:REX) last announced its earnings results on Wednesday, September 2nd. The energy company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.42 by $0.64. REX American Resources had a net margin of 18.31% and a return on equity of 16.90%. The company had revenue of $168.49 million during the quarter, compared to analysts’ expectations of $194.81 million.

Institutional Trading of REX American Resources

A number of hedge funds have recently made changes to their positions in REX. Tidal Investments LLC purchased a new position in REX American Resources during the second quarter valued at approximately $218,000. Engineers Gate Manager LP lifted its position in REX American Resources by 58.3% in the 2nd quarter. Engineers Gate Manager LP now owns 12,660 shares of the energy company’s stock worth $572,000 after buying an additional 4,663 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in REX American Resources in the 2nd quarter worth approximately $42,000. Nykredit A S acquired a new stake in shares of REX American Resources during the 2nd quarter valued at $88,000. Finally, Amundi grew its holdings in shares of REX American Resources by 45.4% during the 2nd quarter. Amundi now owns 35,613 shares of the energy company’s stock valued at $1,608,000 after acquiring an additional 11,114 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

REX has been the topic of several research analyst reports. Weiss Ratings cut shares of REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, August 24th. Wall Street Zen cut REX American Resources from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

About REX American Resources

REX American Resources Corporation is an ethanol production and investment company headquartered in Dayton, Ohio. Through its subsidiaries and equity investments, the company has interests in ethanol production facilities located primarily in the U.S. Midwest.

REX’s principal products include fuel-grade ethanol, distillers grains and corn oil. Ethanol is produced from corn and sold for use as a renewable fuel and gasoline-blending component, while distillers grains and corn oil are marketed primarily for use in animal feed and other industrial applications.

The company’s operations and investments have included facilities in states such as Illinois, Iowa and Minnesota.