GAMMA Investing LLC Boosts Stock Position in REX American Resources Corporation (NYSE:REX)

GAMMA Investing LLC boosted its holdings in REX American Resources Corporation (NYSE:REX - Free Report) by 5,304.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,026 shares of the energy company's stock after buying an additional 6,896 shares during the quarter. GAMMA Investing LLC's holdings in REX American Resources were worth $264,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of REX. AlphaQuest LLC bought a new stake in shares of REX American Resources in the fourth quarter worth approximately $46,000. State of Wyoming boosted its holdings in REX American Resources by 67.3% in the fourth quarter. State of Wyoming now owns 3,616 shares of the energy company's stock worth $151,000 after purchasing an additional 1,454 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in REX American Resources in the 4th quarter worth approximately $200,000. First Trust Advisors LP purchased a new stake in REX American Resources during the 4th quarter valued at $244,000. Finally, Ieq Capital LLC bought a new position in shares of REX American Resources during the 4th quarter valued at $257,000. Institutional investors own 88.12% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial restated a "buy" rating and issued a $50.00 price target (down from $55.00) on shares of REX American Resources in a research note on Thursday, March 27th.

REX American Resources Stock Performance

Shares of NYSE REX traded up $0.12 during midday trading on Wednesday, hitting $49.29. 128,622 shares of the company's stock traded hands, compared to its average volume of 136,090. The firm has a fifty day moving average of $42.74 and a 200 day moving average of $40.98. REX American Resources Corporation has a 1 year low of $33.45 and a 1 year high of $52.00. The stock has a market capitalization of $811.81 million, a price-to-earnings ratio of 15.31 and a beta of 0.53.

REX American Resources (NYSE:REX - Get Free Report) last announced its earnings results on Wednesday, May 28th. The energy company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.17. REX American Resources had a net margin of 8.86% and a return on equity of 8.97%. The company had revenue of $158.34 million during the quarter, compared to analyst estimates of $161.00 million. On average, equities analysts anticipate that REX American Resources Corporation will post 2.93 earnings per share for the current year.

REX American Resources announced that its board has approved a stock repurchase program on Wednesday, March 26th that authorizes the company to repurchase 1,500,000 shares. This repurchase authorization authorizes the energy company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

About REX American Resources

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.