Denali Advisors LLC Takes $1.21 Million Position in REX American Resources Corporation $REX

Key Points

• Denali Advisors initiated a $1.21 million position in REX American Resources during the second quarter, buying 26,823 shares. Institutional investors collectively own 88.12% of the company.
• REX shares opened at $43.87, with a 52-week range of $27.72 to $53.36 and a market capitalization of approximately $1.44 billion.
• REX reported quarterly EPS of $0.56, exceeding analysts’ $0.14 consensus estimate, although revenue of $156.5 million fell short of the $167.23 million forecast. Weiss Ratings upgraded the stock from “buy (b-)” to “buy (b).”

Denali Advisors LLC bought a new stake in shares of REX American Resources Corporation (NYSE:REX - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 26,823 shares of the energy company's stock, valued at approximately $1,211,000. Denali Advisors LLC owned 0.08% of REX American Resources as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Danske Bank A S acquired a new stake in REX American Resources in the second quarter valued at approximately $41,000. BlackRock Inc. acquired a new position in shares of REX American Resources during the second quarter worth $255,640,000. Deutsche Bank AG purchased a new position in shares of REX American Resources in the second quarter valued at $1,405,000. Bank of New York Mellon Corp purchased a new position in shares of REX American Resources in the second quarter valued at $8,599,000. Finally, State of Wyoming acquired a new stake in REX American Resources during the 2nd quarter valued at $228,000. Hedge funds and other institutional investors own 88.12% of the company's stock.

REX American Resources Stock Down 0.6%

Shares of NYSE REX opened at $43.87 on Thursday. REX American Resources Corporation has a fifty-two week low of $27.72 and a fifty-two week high of $53.36. The business has a 50 day moving average price of $44.60 and a two-hundred day moving average price of $43.18. The firm has a market cap of $1.44 billion, a PE ratio of 15.64 and a beta of 0.64.

REX American Resources (NYSE:REX - Get Free Report) last announced its earnings results on Thursday, May 28th. The energy company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.42. The company had revenue of $156.50 million for the quarter, compared to analyst estimates of $167.23 million. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.

Insiders Place Their Bets

In related news, CFO Douglas Bruggeman sold 5,086 shares of REX American Resources stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $48.73, for a total value of $247,840.78. Following the completion of the sale, the chief financial officer owned 254,084 shares in the company, valued at approximately $12,381,513.32. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stuart A. Rose sold 15,186 shares of the company's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $43.64, for a total transaction of $662,717.04. Following the completion of the sale, the insider directly owned 573,094 shares in the company, valued at $25,009,822.16. This represents a 2.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 105,086 shares of company stock valued at $4,643,829. Insiders own 13.21% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of REX American Resources from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, REX American Resources has an average rating of "Buy".

REX American Resources 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.

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