GSA Capital Partners LLP Acquires 186,700 Shares of Pacific Ethanol Inc (PEIX)
GSA Capital Partners LLP lifted its holdings in Pacific Ethanol Inc (NASDAQ:PEIX) by 98.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 376,600 shares of the oil and gas company’s stock after buying an additional 186,700 shares during the quarter. GSA Capital Partners LLP owned approximately 0.86% of Pacific Ethanol worth $979,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Pacific Ethanol by 80.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,690,258 shares of the oil and gas company’s stock worth $5,071,000 after acquiring an additional 754,734 shares during the period. Matarin Capital Management LLC acquired a new stake in shares of Pacific Ethanol in the 1st quarter worth about $2,149,000. Candlewood Investment Group LP increased its holdings in shares of Pacific Ethanol by 42.5% in the 2nd quarter. Candlewood Investment Group LP now owns 1,680,130 shares of the oil and gas company’s stock worth $4,368,000 after acquiring an additional 501,296 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Pacific Ethanol in the 2nd quarter worth about $570,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Pacific Ethanol by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,069,862 shares of the oil and gas company’s stock worth $9,210,000 after acquiring an additional 209,365 shares during the period. Institutional investors own 65.09% of the company’s stock.
A number of analysts recently weighed in on PEIX shares. ValuEngine raised shares of Pacific Ethanol from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research raised shares of Pacific Ethanol from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a report on Wednesday, July 11th. HC Wainwright reaffirmed a “buy” rating on shares of Pacific Ethanol in a report on Monday, July 16th. Finally, B. Riley set a $7.00 price objective on shares of Pacific Ethanol and gave the stock a “buy” rating in a report on Sunday, August 12th.
Pacific Ethanol (NASDAQ:PEIX) last released its earnings results on Wednesday, August 8th. The oil and gas company reported ($0.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.12). The company had revenue of $410.52 million for the quarter, compared to analyst estimates of $434.65 million. Pacific Ethanol had a negative net margin of 2.09% and a negative return on equity of 9.12%. research analysts forecast that Pacific Ethanol Inc will post -0.44 earnings per share for the current fiscal year.
Pacific Ethanol Company Profile
Pacific Ethanol, Inc produces and markets low-carbon renewable fuels in the United States. The company operates in two segments, Production and Marketing. It produces and markets ethanol; specialty alcohols; and co-products, such as wet distillers grains, dry distillers grains with solubles, wet and dry corn gluten feed, condensed distillers solubles, corn gluten meal, corn germ, corn oil, distillers yeast, and CO2, as well as markets ethanol produced by third parties.
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