Insider Selling: Renewable Energy Group Inc (REGI) VP Sells 11,679 Shares of Stock

Renewable Energy Group Inc (NASDAQ:REGI) VP Gary Haer sold 11,679 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $16.87, for a total value of $197,024.73. Following the transaction, the vice president now directly owns 48,860 shares in the company, valued at approximately $824,268.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Gary Haer also recently made the following trade(s):

  • On Friday, May 17th, Gary Haer sold 19,675 shares of Renewable Energy Group stock. The shares were sold at an average price of $16.28, for a total value of $320,309.00.

Shares of NASDAQ:REGI opened at $16.34 on Friday. Renewable Energy Group Inc has a twelve month low of $16.01 and a twelve month high of $32.52. The company has a market cap of $628.97 million, a P/E ratio of 19.44 and a beta of 0.94. The company has a quick ratio of 0.72, a current ratio of 1.27 and a debt-to-equity ratio of 0.09.

Renewable Energy Group (NASDAQ:REGI) last announced its earnings results on Thursday, May 2nd. The oil and gas company reported ($1.11) earnings per share for the quarter, missing the consensus estimate of ($0.70) by ($0.41). Renewable Energy Group had a net margin of 1.52% and a return on equity of 6.23%. The business had revenue of $478.21 million for the quarter, compared to the consensus estimate of $480.79 million. On average, equities research analysts forecast that Renewable Energy Group Inc will post 0.86 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in REGI. Man Group plc increased its holdings in Renewable Energy Group by 37.5% during the 1st quarter. Man Group plc now owns 776,885 shares of the oil and gas company’s stock valued at $17,061,000 after purchasing an additional 211,856 shares in the last quarter. SEI Investments Co increased its holdings in Renewable Energy Group by 77.2% during the 1st quarter. SEI Investments Co now owns 67,634 shares of the oil and gas company’s stock valued at $1,486,000 after purchasing an additional 29,469 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Renewable Energy Group by 1.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 818,976 shares of the oil and gas company’s stock valued at $17,985,000 after purchasing an additional 10,165 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Renewable Energy Group during the 1st quarter valued at $205,000. Finally, Marshall Wace LLP increased its holdings in Renewable Energy Group by 181.2% during the 1st quarter. Marshall Wace LLP now owns 130,664 shares of the oil and gas company’s stock valued at $2,869,000 after purchasing an additional 84,190 shares in the last quarter.

A number of research analysts have recently commented on REGI shares. BidaskClub lowered Renewable Energy Group from a “sell” rating to a “strong sell” rating in a report on Monday, April 1st. Roth Capital lowered Renewable Energy Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $35.00 to $22.00 in a report on Friday, May 3rd. BWS Financial started coverage on Renewable Energy Group in a report on Wednesday, April 24th. They set a “buy” rating and a $31.00 price objective on the stock. Zacks Investment Research lowered Renewable Energy Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 12th. Finally, TheStreet lowered Renewable Energy Group from a “b” rating to a “c+” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $28.40.

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About Renewable Energy Group

Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.

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Insider Buying and Selling by Quarter for Renewable Energy Group (NASDAQ:REGI)

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