Insider Buying: RiceBran Technologies (RIBT) CFO Purchases $42,370.80 in Stock
RiceBran Technologies (NASDAQ:RIBT) CFO Brent Robert Rystrom bought 31,155 shares of RiceBran Technologies stock in a transaction that occurred on Wednesday, December 6th. The shares were bought at an average cost of $1.36 per share, with a total value of $42,370.80. Following the acquisition, the chief financial officer now directly owns 16,054 shares in the company, valued at approximately $21,833.44. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of RiceBran Technologies (RIBT) traded up $0.02 during mid-day trading on Monday, hitting $1.42. 77,000 shares of the company traded hands, compared to its average volume of 50,778. RiceBran Technologies has a 1-year low of $0.69 and a 1-year high of $1.49.
Several analysts recently commented on RIBT shares. Maxim Group reaffirmed a “hold” rating on shares of RiceBran Technologies in a report on Friday, November 10th. ValuEngine raised shares of RiceBran Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, September 15th.
A hedge fund recently bought a new stake in RiceBran Technologies stock. First Eagle Investment Management LLC acquired a new stake in RiceBran Technologies (NASDAQ:RIBT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 199,978 shares of the company’s stock, valued at approximately $256,000. First Eagle Investment Management LLC owned 1.19% of RiceBran Technologies as of its most recent SEC filing. Institutional investors own 5.49% of the company’s stock.
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About RiceBran Technologies
RiceBran Technologies is a human food ingredient, functional food ingredient, packaged functional food and animal nutrition company. The Company is focused on processing and marketing of nutrient dense products derived from raw rice, an underutilized by-product of the rice milling industry. The Company has two operating segments.
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