Dynamic Technology Lab Private Ltd Buys Shares of 6,636 REX American Resources Corp (REX)
Dynamic Technology Lab Private Ltd bought a new position in REX American Resources Corp (NYSE:REX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,636 shares of the energy company’s stock, valued at approximately $502,000.
Several other institutional investors and hedge funds also recently modified their holdings of REX. Brown Advisory Inc. raised its holdings in REX American Resources by 32.0% in the 2nd quarter. Brown Advisory Inc. now owns 257,270 shares of the energy company’s stock worth $20,831,000 after purchasing an additional 62,367 shares during the period. BlackRock Inc. raised its holdings in REX American Resources by 6.7% in the 2nd quarter. BlackRock Inc. now owns 836,170 shares of the energy company’s stock worth $67,704,000 after purchasing an additional 52,226 shares during the period. Systematic Financial Management LP raised its holdings in REX American Resources by 15.4% in the 2nd quarter. Systematic Financial Management LP now owns 150,620 shares of the energy company’s stock worth $12,196,000 after purchasing an additional 20,078 shares during the period. Richard Bernstein Advisors LLC acquired a new position in REX American Resources in the 2nd quarter worth about $1,216,000. Finally, Franklin Resources Inc. acquired a new position in REX American Resources in the 3rd quarter worth about $1,020,000. Hedge funds and other institutional investors own 86.48% of the company’s stock.
Separately, TheStreet raised REX American Resources from a “c+” rating to a “b” rating in a report on Wednesday, August 29th.
REX American Resources (NYSE:REX) last released its quarterly earnings results on Wednesday, November 28th. The energy company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.36. The company had revenue of $123.75 million during the quarter. REX American Resources had a return on equity of 8.06% and a net margin of 10.28%.
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About REX American Resources
REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol. It operates through two segments, Ethanol and By-Products, and Refined Coal. The company also offers dried distillers grains, modified distillers grains, and non-food grade corn oil. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed; and produces, processes, and sells refined coal.
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