Insider Selling: REX American Resources (NYSE:REX) Insider Sells 15,186 Shares of Stock

REX American Resources Corporation (NYSE:REX) insider Stuart Rose sold 15,186 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $43.64, for a total value of $662,717.04. Following the sale, the insider directly owned 573,094 shares of the company’s stock, valued at $25,009,822.16. The trade was a 2.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

REX American Resources Trading Down 0.1%

NYSE REX traded down $0.03 during trading hours on Monday, reaching $43.81. The company had a trading volume of 76,836 shares, compared to its average volume of 195,118. The stock has a 50-day moving average of $46.53 and a 200 day moving average of $39.75. REX American Resources Corporation has a 1-year low of $23.82 and a 1-year high of $53.36. The stock has a market capitalization of $1.44 billion, a P/E ratio of 15.62 and a beta of 0.61.

REX American Resources (NYSE:REX) last announced its quarterly earnings results on Thursday, May 28th. The energy company reported $0.56 earnings per share 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 during the quarter, compared to analysts’ expectations of $167.23 million.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in REX. Rockefeller Capital Management L.P. lifted 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 buying an additional 704 shares in the last quarter. Hantz Financial Services Inc. grew its stake 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 in the last quarter. Simplex Trading LLC acquired a new position in REX American Resources during the 4th quarter worth $35,000. 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 period. 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 period. Hedge funds and other institutional investors own 88.12% of the company’s stock.

REX American Resources Company Profile

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.