Renewable Energy Group Inc (REGI) Shares Sold by Bowling Portfolio Management LLC
Bowling Portfolio Management LLC trimmed its holdings in Renewable Energy Group Inc (NASDAQ:REGI) by 20.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,962 shares of the oil and gas company’s stock after selling 14,634 shares during the period. Bowling Portfolio Management LLC owned about 0.15% of Renewable Energy Group worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. US Bancorp DE grew its stake in Renewable Energy Group by 143.3% in the third quarter. US Bancorp DE now owns 4,717 shares of the oil and gas company’s stock valued at $136,000 after acquiring an additional 2,778 shares during the period. Paloma Partners Management Co acquired a new position in shares of Renewable Energy Group during the second quarter worth about $194,000. Hartford Investment Management Co. acquired a new position in shares of Renewable Energy Group during the third quarter worth about $214,000. Ibex Investors LLC acquired a new position in shares of Renewable Energy Group during the third quarter worth about $214,000. Finally, Seven Eight Capital LP acquired a new position in shares of Renewable Energy Group during the third quarter worth about $239,000.
Shares of NASDAQ REGI opened at $27.57 on Friday. Renewable Energy Group Inc has a 52 week low of $9.50 and a 52 week high of $32.52. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The company has a market cap of $992.15 million, a P/E ratio of -13.51 and a beta of 1.11.
REGI has been the subject of several recent research reports. BidaskClub cut Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 11th. Canaccord Genuity set a $31.00 price objective on Renewable Energy Group and gave the stock a “buy” rating in a research report on Monday, October 15th. TheStreet raised Renewable Energy Group from a “c+” rating to a “b” rating in a research report on Wednesday, November 14th. Roth Capital set a $35.00 price objective on Renewable Energy Group and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Finally, Zacks Investment Research cut Renewable Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 10th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $29.67.
In other Renewable Energy Group news, Director Peter John Martin Harding acquired 5,000 shares of the company’s stock in a transaction on Monday, December 17th. The shares were purchased at an average price of $23.94 per share, for a total transaction of $119,700.00. Following the completion of the purchase, the director now directly owns 100,526 shares of the company’s stock, valued at $2,406,592.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Eric Bowen sold 9,750 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $26.19, for a total value of $255,352.50. The disclosure for this sale can be found here. Corporate insiders own 1.97% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This article was reported by Daily Political and is the property of of Daily Political. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright law. The correct version of this article can be read at https://www.dailypolitical.com/2019/01/18/renewable-energy-group-inc-regi-shares-sold-by-bowling-portfolio-management-llc.html.
Renewable Energy Group Profile
Renewable Energy Group, Inc produces biomass-based diesel and biofuel and develops renewable chemicals. The company utilizes an integrated procurement, distribution, and logistics network to convert natural fats, oils, greases, and sugars into lower carbon intensity products. It operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments.
Want to see what other hedge funds are holding REGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Renewable Energy Group Inc (NASDAQ:REGI).
Receive News & Ratings for Renewable Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renewable Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.