Janney Montgomery Scott LLC Invests $588,000 in Renewable Energy Group Inc (REGI) Stock

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Janney Montgomery Scott LLC acquired a new stake in shares of Renewable Energy Group Inc (NASDAQ:REGI) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 26,779 shares of the oil and gas company’s stock, valued at approximately $588,000.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc lifted its stake in Renewable Energy Group by 193.9% during the 4th quarter. IFP Advisors Inc now owns 1,061 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 700 shares in the last quarter. Pearl River Capital LLC bought a new position in Renewable Energy Group during the 4th quarter valued at $38,000. Advisory Services Network LLC bought a new position in Renewable Energy Group during the 4th quarter valued at $56,000. CoreCommodity Management LLC bought a new position in Renewable Energy Group during the 4th quarter valued at $78,000. Finally, Quantamental Technologies LLC bought a new position in Renewable Energy Group during the 4th quarter valued at $164,000.

Shares of REGI opened at $15.92 on Friday. Renewable Energy Group Inc has a fifty-two week low of $15.71 and a fifty-two week high of $32.52. The stock has a market capitalization of $610.92 million, a P/E ratio of 2.35 and a beta of 0.94. The company has a quick ratio of 0.72, a current ratio of 1.27 and a debt-to-equity ratio of 0.09.

Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported ($1.11) earnings per share for the quarter, missing the consensus estimate of ($0.70) by ($0.41). Renewable Energy Group had a return on equity of 6.23% and a net margin of 1.52%. The firm had revenue of $478.21 million during the quarter, compared to analysts’ expectations of $480.79 million. Sell-side analysts expect that Renewable Energy Group Inc will post 0.09 earnings per share for the current year.

Several brokerages have weighed in on REGI. BidaskClub upgraded Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 2nd. Zacks Investment Research lowered Renewable Energy Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 12th. BWS Financial began coverage on Renewable Energy Group in a research report on Wednesday, April 24th. They set a “buy” rating and a $31.00 target price for the company. Piper Jaffray Companies began coverage on Renewable Energy Group in a report on Thursday, April 4th. They issued an “overweight” rating and a $35.00 price objective for the company. Finally, Roth Capital lowered Renewable Energy Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $22.00 in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $28.40.

In other news, Director Delbert Christensen acquired 1,750 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average price of $23.01 per share, with a total value of $40,267.50. Following the acquisition, the director now owns 76,191 shares in the company, valued at approximately $1,753,154.91. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter John Martin Harding acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average cost of $16.72 per share, with a total value of $41,800.00. Following the acquisition, the director now owns 108,654 shares in the company, valued at approximately $1,816,694.88. The disclosure for this purchase can be found here. In the last three months, insiders sold 41,354 shares of company stock valued at $675,434. 3.01% of the stock is currently owned by insiders.

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Renewable Energy Group Company Profile

Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.

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Institutional Ownership by Quarter for Renewable Energy Group (NASDAQ:REGI)

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