Hyperion Capital Advisors LP Takes $13.39 Million Position in Vertex, Inc. $VERX

Hyperion Capital Advisors LP purchased a new position in shares of Vertex, Inc. (NASDAQ:VERX) in the third quarter, Holdings Channel.com reports. The fund purchased 540,000 shares of the company’s stock, valued at approximately $13,387,000. Vertex makes up about 7.2% of Hyperion Capital Advisors LP’s portfolio, making the stock its 4th biggest position.

Several other institutional investors have also recently made changes to their positions in VERX. Advisors Asset Management Inc. lifted its holdings in Vertex by 25.7% in the first quarter. Advisors Asset Management Inc. now owns 1,933 shares of the company’s stock valued at $68,000 after acquiring an additional 395 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Vertex by 0.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 137,913 shares of the company’s stock worth $3,456,000 after acquiring an additional 564 shares during the last quarter. Verdence Capital Advisors LLC raised its position in Vertex by 5.5% in the third quarter. Verdence Capital Advisors LLC now owns 11,538 shares of the company’s stock valued at $296,000 after purchasing an additional 600 shares during the period. Victory Capital Management Inc. raised its position in Vertex by 9.9% in the third quarter. Victory Capital Management Inc. now owns 8,354 shares of the company’s stock valued at $207,000 after purchasing an additional 753 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of Vertex by 17.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,643 shares of the company’s stock valued at $235,000 after purchasing an additional 965 shares during the last quarter. Hedge funds and other institutional investors own 70.32% of the company’s stock.

Vertex Stock Performance

NASDAQ VERX opened at $13.30 on Monday. The company has a market cap of $2.13 billion, a P/E ratio of 332.58, a P/E/G ratio of 1.58 and a beta of 0.64. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a 50-day moving average of $16.29 and a two-hundred day moving average of $20.25. Vertex, Inc. has a 1-year low of $11.86 and a 1-year high of $42.44.

Vertex (NASDAQ:VERX) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $194.71 million during the quarter, compared to analysts’ expectations of $194.33 million. Vertex had a net margin of 0.96% and a return on equity of 24.70%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 earnings per share. As a group, analysts anticipate that Vertex, Inc. will post 0.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on VERX shares. BMO Capital Markets cut their price objective on Vertex from $22.00 to $16.00 and set a “market perform” rating for the company in a research report on Thursday, February 12th. Piper Sandler decreased their target price on shares of Vertex from $20.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Stifel Nicolaus set a $16.00 target price on shares of Vertex in a research note on Wednesday, February 11th. DA Davidson set a $13.00 price target on shares of Vertex in a research report on Thursday, February 12th. Finally, UBS Group set a $25.00 price target on shares of Vertex in a research note on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Vertex presently has a consensus rating of “Hold” and an average price target of $23.07.

Insider Buying and Selling at Vertex

In related news, Director Eric C. Andersen acquired 40,000 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were acquired at an average price of $12.91 per share, with a total value of $516,400.00. Following the completion of the transaction, the director owned 150,341 shares of the company’s stock, valued at $1,940,902.31. The trade was a 36.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Westphal acquired 247,740 shares of Vertex stock in a transaction dated Friday, February 13th. The stock was bought at an average price of $13.08 per share, for a total transaction of $3,240,439.20. Following the completion of the purchase, the insider owned 247,740 shares of the company’s stock, valued at approximately $3,240,439.20. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 437,740 shares of company stock valued at $5,636,339. Insiders own 43.25% of the company’s stock.

Vertex Profile

Vertex Energy, Inc (NASDAQ: VERX) is a specialty refiner and marketer of transportation fuels and petrochemical feedstocks in the United States. The company collects and processes a variety of waste petroleum products, including used motor oil and industrial lubricants, which it converts into ultra-low-sulfur diesel, asphalt, and other refined products. By leveraging proprietary re-refining technologies and strategic feedstock sourcing, Vertex Energy aims to deliver cost-effective, lower-carbon fuel solutions to wholesale and retail customers across the country.

Headquartered in Houston, Texas, Vertex operates a network of refining and blending facilities in key regions, including the Central, Northeast and Mid-Atlantic markets.