Renewable Energy Group Inc (NASDAQ:REGI) shares saw unusually-strong trading volume on Wednesday . Approximately 25,051 shares traded hands during mid-day trading, a decline of 97% from the previous session’s volume of 758,430 shares.The stock last traded at $29.40 and had previously closed at $29.87.
A number of analysts recently weighed in on REGI shares. Canaccord Genuity increased their price objective on shares of Renewable Energy Group from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 26th. BidaskClub cut shares of Renewable Energy Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Roth Capital set a $25.00 price objective on shares of Renewable Energy Group and gave the stock a “buy” rating in a report on Tuesday, August 7th. Finally, Zacks Investment Research raised shares of Renewable Energy Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Saturday, August 11th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Renewable Energy Group has an average rating of “Buy” and an average price target of $25.50.
The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 1.48. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -15.26 and a beta of 1.20.
In other Renewable Energy Group news, VP Eric Bowen sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $27.45, for a total transaction of $549,000.00. Following the transaction, the vice president now owns 84,241 shares of the company’s stock, valued at approximately $2,312,415.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Gary Haer sold 13,581 shares of the firm’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $20.65, for a total transaction of $280,447.65. Following the transaction, the vice president now directly owns 77,329 shares in the company, valued at approximately $1,596,843.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,350 shares of company stock worth $1,012,955. 1.97% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Seven Eight Capital LP acquired a new position in Renewable Energy Group during the 3rd quarter valued at about $239,000. Bowling Portfolio Management LLC acquired a new position in Renewable Energy Group during the 3rd quarter valued at about $2,062,000. Aperio Group LLC increased its stake in Renewable Energy Group by 26.9% during the 3rd quarter. Aperio Group LLC now owns 84,526 shares of the oil and gas company’s stock valued at $2,434,000 after buying an additional 17,938 shares during the period. Louisiana State Employees Retirement System increased its stake in Renewable Energy Group by 11.6% during the 3rd quarter. Louisiana State Employees Retirement System now owns 16,400 shares of the oil and gas company’s stock valued at $472,000 after buying an additional 1,700 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Renewable Energy Group by 23.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 23,400 shares of the oil and gas company’s stock valued at $674,000 after buying an additional 4,400 shares during the period.
About Renewable Energy Group (NASDAQ:REGI)
Renewable Energy Group, Inc produces and sells biofuels and renewable chemicals in North America. The company operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It acquires feedstock; and manages construction and operates biomass-based diesel production facilities.
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