21,736 Shares of REX American Resources Corporation $REX Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC acquired a new stake in shares of REX American Resources Corporation (NYSE:REX) during the third quarter, HoldingsChannel reports. The fund acquired 21,736 shares of the energy company’s stock, valued at approximately $944,000.

A number of other hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC grew its position in REX American Resources by 2,352.0% during the third quarter. Fortitude Family Office LLC now owns 2,452 shares of the energy company’s stock valued at $107,000 after acquiring an additional 2,352 shares during the last quarter. Sax Wealth Advisors LLC purchased a new stake in shares of REX American Resources in the 3rd quarter valued at $268,000. Farther Finance Advisors LLC grew its holdings in shares of REX American Resources by 800.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,583 shares of the energy company’s stock valued at $156,000 after purchasing an additional 3,185 shares during the last quarter. Tidal Investments LLC bought a new position in shares of REX American Resources during the 2nd quarter valued at $218,000. Finally, Engineers Gate Manager LP grew its holdings in shares of REX American Resources by 58.3% during the 2nd quarter. Engineers Gate Manager LP now owns 12,660 shares of the energy company’s stock valued at $572,000 after purchasing an additional 4,663 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

Wall Street Analysts Forecast Growth

REX has been the subject of several recent research reports. Wall Street Zen downgraded shares of REX American Resources from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 3rd. Weiss Ratings raised REX American Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

REX American Resources Price Performance

Shares of NYSE:REX opened at $41.86 on Friday. The company has a market cap of $1.39 billion, a P/E ratio of 11.47 and a beta of 0.60. REX American Resources Corporation has a 1 year low of $30.46 and a 1 year high of $53.36. The stock’s fifty day moving average price is $42.90 and its 200-day moving average price is $44.83.

REX American Resources (NYSE:REX) last released its quarterly earnings data on Wednesday, September 2nd. The energy company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.42 by $0.64. REX American Resources had a return on equity of 16.90% and a net margin of 18.31%. The company had revenue of $168.49 million for the quarter, compared to analysts’ expectations of $194.81 million.

Insider Activity

In other news, insider Stuart Rose sold 50,000 shares of REX American Resources stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $42.55, for a total value of $2,127,500.00. Following the completion of the sale, the insider directly owned 2,278,324 shares in the company, valued at $96,942,686.20. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.21% of the stock is currently owned by insiders.

About REX American Resources

REX American Resources Corporation is an ethanol production and investment company headquartered in Dayton, Ohio. Through its subsidiaries and equity investments, the company has interests in ethanol production facilities located primarily in the U.S. Midwest.

REX’s principal products include fuel-grade ethanol, distillers grains and corn oil. Ethanol is produced from corn and sold for use as a renewable fuel and gasoline-blending component, while distillers grains and corn oil are marketed primarily for use in animal feed and other industrial applications.

The company’s operations and investments have included facilities in states such as Illinois, Iowa and Minnesota.