REX American Resources Corp. (NYSE:REX) insider Stuart A. Rose sold 7,936 shares of the stock in a transaction on Friday, January 13th. The shares were sold at an average price of $91.01, for a total value of $722,255.36. Following the sale, the insider now directly owns 581,497 shares in the company, valued at approximately $52,922,041.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of REX American Resources Corp. (NYSE:REX) opened at 88.38 on Friday. The firm has a 50-day moving average price of $97.65 and a 200-day moving average price of $82.19. The firm has a market capitalization of $581.72 million, a price-to-earnings ratio of 24.90 and a beta of 2.13. REX American Resources Corp. has a 52 week low of $46.24 and a 52 week high of $102.59.
REX American Resources Corp. (NYSE:REX) last posted its quarterly earnings data on Tuesday, November 29th. The company reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.16. REX American Resources Corp. had a return on equity of 6.53% and a net margin of 5.38%. The company had revenue of $116.30 million for the quarter, compared to the consensus estimate of $110.48 million. On average, equities analysts expect that REX American Resources Corp. will post $4.62 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new stake in REX American Resources Corp. during the third quarter worth approximately $101,000. BlackRock Inc. increased its stake in REX American Resources Corp. by 412.1% in the second quarter. BlackRock Inc. now owns 1,741 shares of the company’s stock worth $104,000 after buying an additional 1,401 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in REX American Resources Corp. by 70.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,804 shares of the company’s stock worth $108,000 after buying an additional 748 shares in the last quarter. SG Americas Securities LLC purchased a new stake in REX American Resources Corp. during the third quarter worth approximately $116,000. Finally, BlackRock Advisors LLC increased its stake in REX American Resources Corp. by 3.5% in the second quarter. BlackRock Advisors LLC now owns 2,838 shares of the company’s stock worth $170,000 after buying an additional 96 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.
Separately, Feltl & Co. lowered REX American Resources Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, November 30th.
REX American Resources Corp. Company Profile
Rex American Resources Corporation is a holding company. The Company has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Company operates through alternative energy segment. The Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).