REX American Resources Co. (NYSE:REX - Get Free Report) insider Stuart A. Rose sold 5,041 shares of the firm's stock in a transaction on Friday, April 5th. The stock was sold at an average price of $58.08, for a total transaction of $292,781.28. Following the completion of the transaction, the insider now directly owns 1,492,305 shares of the company's stock, valued at approximately $86,673,074.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
REX American Resources Stock Down 0.7 %
Shares of NYSE:REX traded down $0.39 during midday trading on Monday, reaching $58.41. The company's stock had a trading volume of 136,366 shares, compared to its average volume of 136,855. The stock has a fifty day moving average of $45.90 and a 200 day moving average of $42.80. REX American Resources Co. has a twelve month low of $27.47 and a twelve month high of $60.78. The firm has a market capitalization of $1.02 billion, a PE ratio of 16.83 and a beta of 1.07.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. StockNews.com upgraded REX American Resources from a "hold" rating to a "buy" rating in a research note on Thursday, March 7th. Truist Financial reiterated a "buy" rating and issued a $58.00 target price on shares of REX American Resources in a research report on Monday, April 1st.
Read Our Latest Research Report on REX
Institutional Investors Weigh In On REX American Resources
Several hedge funds have recently added to or reduced their stakes in REX. Tower Research Capital LLC TRC lifted its holdings in shares of REX American Resources by 185.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 889 shares of the energy company's stock valued at $25,000 after buying an additional 578 shares during the period. AJOVista LLC purchased a new position in REX American Resources during the fourth quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC lifted its holdings in REX American Resources by 84.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 893 shares of the energy company's stock valued at $36,000 after acquiring an additional 409 shares during the period. Qube Research & Technologies Ltd purchased a new stake in REX American Resources in the 3rd quarter worth approximately $40,000. Finally, Captrust Financial Advisors boosted its position in REX American Resources by 40.5% in the 1st quarter. Captrust Financial Advisors now owns 503 shares of the energy company's stock worth $50,000 after purchasing an additional 145 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.
About REX American Resources
(
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REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, non-food grade corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.
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