Insider Selling: REX American Resources (NYSE:REX) Insider Sells $614,404.32 in Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 13,584 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $45.23, for a total value of $614,404.32. Following the sale, the insider owned 627,149 shares in the company, valued at approximately $28,365,949.27. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

REX American Resources Stock Performance

Shares of NYSE:REX opened at $43.85 on Friday. The company has a market cap of $1.44 billion, a P/E ratio of 15.63 and a beta of 0.61. REX American Resources Corporation has a one year low of $22.56 and a one year high of $53.36. The business’s 50-day simple moving average is $46.69 and its 200 day simple moving average is $39.33.

REX American Resources (NYSE:REX) last announced its earnings results on Thursday, May 28th. The energy company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.14 by $0.42. The business had revenue of $156.50 million for the quarter, compared to the consensus estimate of $167.23 million. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.

Institutional Investors Weigh In On REX American Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. increased its holdings in REX American Resources by 133.4% during the 4th quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock worth $29,000 after purchasing an additional 515 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in REX American Resources by 359.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock worth $29,000 after purchasing an additional 704 shares during the last quarter. Parallel Advisors LLC increased its holdings in REX American Resources by 97.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock worth $35,000 after purchasing an additional 564 shares during the last quarter. Simplex Trading LLC purchased a new stake in REX American Resources during the 4th quarter worth approximately $35,000. Finally, Ameritas Investment Partners Inc. increased its holdings in REX American Resources by 59.2% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock worth $76,000 after purchasing an additional 921 shares during the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

About REX American Resources

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.