Denali Advisors LLC Acquires Shares of 26,823 REX American Resources Corporation $REX

Denali Advisors LLC bought a new position in shares of REX American Resources Corporation (NYSE:REX) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 26,823 shares of the energy company’s stock, valued at approximately $1,211,000.

Several other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of REX American Resources by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock valued at $344,000 after acquiring an additional 390 shares in the last quarter. Aquatic Capital Management LLC lifted its stake in REX American Resources by 5.2% during the third quarter. Aquatic Capital Management LLC now owns 9,151 shares of the energy company’s stock worth $280,000 after purchasing an additional 450 shares during the last quarter. Barclays PLC boosted its holdings in REX American Resources by 0.6% in the fourth quarter. Barclays PLC now owns 83,598 shares of the energy company’s stock worth $2,702,000 after purchasing an additional 493 shares during the period. Horizon Investments LLC boosted its holdings in REX American Resources by 2.8% in the fourth quarter. Horizon Investments LLC now owns 18,810 shares of the energy company’s stock worth $608,000 after purchasing an additional 514 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in REX American Resources by 133.4% during the fourth quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock valued at $29,000 after purchasing an additional 515 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of REX American Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, REX American Resources presently has a consensus rating of “Buy”.

Insiders Place Their Bets

In other REX American Resources news, insider Stuart A. Rose sold 69,335 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $43.77, for a total value of $3,034,792.95. Following the sale, the insider directly owned 588,280 shares in the company, valued at approximately $25,749,015.60. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Douglas Bruggeman sold 5,086 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $48.73, for a total transaction of $247,840.78. Following the transaction, the chief financial officer directly owned 254,084 shares of the company’s stock, valued at approximately $12,381,513.32. This trade represents a 1.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 105,086 shares of company stock valued at $4,643,829. 13.21% of the stock is owned by company insiders.

REX American Resources Trading Down 0.6%

NYSE:REX opened at $43.87 on Thursday. The stock has a 50 day moving average of $44.60 and a 200-day moving average of $43.18. The firm has a market capitalization of $1.44 billion, a PE ratio of 15.64 and a beta of 0.64. REX American Resources Corporation has a 52 week low of $27.72 and a 52 week high of $53.36.

REX American Resources (NYSE:REX) last announced its quarterly earnings results on Thursday, May 28th. The energy company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.42. REX American Resources had a return on equity of 13.67% and a net margin of 14.30%.The business had revenue of $156.50 million for the quarter, compared to the consensus estimate of $167.23 million.

About REX American Resources

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.