Thomson Horstmann & Bryant Inc. Has $5 Million Holdings in Renewable Energy Group Inc (REGI)
Thomson Horstmann & Bryant Inc. raised its stake in Renewable Energy Group Inc (NASDAQ:REGI) by 11.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 423,949 shares of the oil and gas company’s stock after buying an additional 42,383 shares during the period. Thomson Horstmann & Bryant Inc.’s holdings in Renewable Energy Group were worth $5,002,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. C M Bidwell & Associates Ltd. purchased a new stake in Renewable Energy Group in the 2nd quarter valued at $110,000. Old Mutual Global Investors UK Ltd. purchased a new stake in Renewable Energy Group in the 3rd quarter valued at $120,000. Oppenheimer & Co. Inc. purchased a new stake in Renewable Energy Group in the 2nd quarter valued at $142,000. Federated Investors Inc. PA grew its holdings in Renewable Energy Group by 17.8% in the 2nd quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock valued at $143,000 after buying an additional 1,668 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in Renewable Energy Group in the 3rd quarter valued at $139,000.
In other Renewable Energy Group news, Director Peter John Martin Harding purchased 5,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were acquired at an average price of $11.14 per share, with a total value of $55,700.00. Following the purchase, the director now directly owns 64,136 shares in the company, valued at approximately $714,475.04. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.54% of the company’s stock.
Renewable Energy Group Inc (REGI) opened at $11.00 on Thursday. Renewable Energy Group Inc has a 12 month low of $8.25 and a 12 month high of $13.55. The company has a market capitalization of $429.10, a price-to-earnings ratio of -10.09, a PEG ratio of 0.39 and a beta of 1.48. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.37.
Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.11. Renewable Energy Group had a positive return on equity of 0.38% and a negative net margin of 1.96%. The business had revenue of $627.00 million for the quarter, compared to analyst estimates of $513.88 million. During the same quarter in the prior year, the company posted $0.59 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis. sell-side analysts expect that Renewable Energy Group Inc will post -1.63 earnings per share for the current year.
Renewable Energy Group declared that its board has initiated a stock buyback program on Thursday, December 14th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the oil and gas company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.
Several equities analysts have recently commented on REGI shares. Zacks Investment Research lowered Renewable Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. BidaskClub lowered Renewable Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, December 16th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $13.00 price target on shares of Renewable Energy Group in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Renewable Energy Group has a consensus rating of “Hold” and an average target price of $15.33.
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About Renewable Energy Group
Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services. The Company is a producer of biomass-based diesel in North America. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities. It is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products.
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