REX American Resources (NYSE:REX) Insider Sells $33,811.24 in Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 766 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $44.14, for a total value of $33,811.24. Following the transaction, the insider directly owned 625,254 shares in the company, valued at $27,598,711.56. The trade was a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

REX American Resources Trading Down 0.8%

REX stock opened at $43.35 on Thursday. The firm has a market capitalization of $1.43 billion, a PE ratio of 15.45 and a beta of 0.61. REX American Resources Corporation has a 1-year low of $23.82 and a 1-year high of $53.36. The business’s 50 day simple moving average is $46.58 and its 200 day simple moving average is $39.60.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. grew its holdings in shares of 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 in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of 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 in the last quarter. Parallel Advisors LLC grew its holdings in shares of 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 in the last quarter. Simplex Trading LLC acquired a new stake in shares of REX American Resources during the 4th quarter worth $35,000. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of 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 in the last quarter. 88.12% of the stock is owned by institutional investors.

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.