GSA Capital Partners LLP reduced its position in Renewable Energy Group Inc (NASDAQ:REGI) by 38.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 40,028 shares of the oil and gas company’s stock after selling 24,857 shares during the quarter. GSA Capital Partners LLP owned about 0.10% of Renewable Energy Group worth $486,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. C M Bidwell & Associates Ltd. acquired a new position in Renewable Energy Group in the 2nd quarter valued at $110,000. Old Mutual Global Investors UK Ltd. acquired a new position in Renewable Energy Group in the 3rd quarter valued at $120,000. Oppenheimer & Co. Inc. acquired a new position in Renewable Energy Group in the 2nd quarter valued at $142,000. Federated Investors Inc. PA increased its stake 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 during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Renewable Energy Group in the 3rd quarter valued at $139,000.
Several brokerages have issued reports on REGI. Zacks Investment Research raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. BidaskClub raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $13.00 price objective on shares of Renewable Energy Group in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Renewable Energy Group currently has a consensus rating of “Hold” and a consensus price target of $15.33.
Shares of Renewable Energy Group Inc (NASDAQ REGI) opened at $11.75 on Thursday. The company has a market cap of $456.28, a price-to-earnings ratio of -10.78, a price-to-earnings-growth ratio of 0.41 and a beta of 1.48. Renewable Energy Group Inc has a 1 year low of $8.25 and a 1 year high of $13.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.17 and a current ratio of 1.72.
Renewable Energy Group (NASDAQ:REGI) last issued its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.11. The company had revenue of $627.00 million for the quarter, compared to analyst estimates of $513.88 million. Renewable Energy Group had a negative net margin of 1.96% and a positive return on equity of 0.38%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. sell-side analysts predict that Renewable Energy Group Inc will post -1.63 earnings per share for the current fiscal year.
Renewable Energy Group announced that its Board of Directors has approved a stock repurchase program on Thursday, December 14th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the oil and gas company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Renewable Energy Group Company Profile
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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