Renewable Energy Group Inc (REGI) VP Sells $183,507.59 in Stock
Renewable Energy Group Inc (NASDAQ:REGI) VP Eric Bowen sold 6,769 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $27.11, for a total value of $183,507.59. Following the sale, the vice president now directly owns 104,452 shares of the company’s stock, valued at $2,831,693.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Eric Bowen also recently made the following trade(s):
- On Monday, September 17th, Eric Bowen sold 20,000 shares of Renewable Energy Group stock. The shares were sold at an average price of $27.45, for a total value of $549,000.00.
Shares of NASDAQ REGI opened at $27.30 on Friday. Renewable Energy Group Inc has a 1-year low of $9.50 and a 1-year high of $28.15. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 5.10 and a beta of 1.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.48 and a quick ratio of 1.06.
A number of hedge funds and other institutional investors have recently made changes to their positions in REGI. Susquehanna Fundamental Investments LLC bought a new position in Renewable Energy Group during the first quarter valued at $131,000. Meeder Asset Management Inc. grew its holdings in Renewable Energy Group by 5,920.5% during the second quarter. Meeder Asset Management Inc. now owns 7,646 shares of the oil and gas company’s stock valued at $136,000 after purchasing an additional 7,519 shares during the period. Piedmont Investment Advisors LLC bought a new position in Renewable Energy Group during the second quarter valued at $138,000. Jane Street Group LLC bought a new position in Renewable Energy Group during the first quarter valued at $149,000. Finally, Millennium Management LLC bought a new position in Renewable Energy Group during the fourth quarter valued at $160,000.
A number of brokerages recently commented on REGI. BidaskClub raised Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 18th. Zacks Investment Research raised Renewable Energy Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Saturday, August 11th. Roth Capital set a $25.00 price target on Renewable Energy Group and gave the company a “buy” rating in a research report on Tuesday, August 7th. Canaccord Genuity increased their price target on Renewable Energy Group from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, June 26th. Finally, ValuEngine raised Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 2nd. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $20.50.
About Renewable Energy Group
Renewable Energy Group, Inc produces and sells biofuels and renewable chemicals in North America. The company operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It acquires feedstock; and manages construction and operates biomass-based diesel production facilities.
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