Brandywine Global Investment Management LLC Invests $268,000 in Renewable Energy Group, Inc. (REGI)

Brandywine Global Investment Management LLC bought a new position in shares of Renewable Energy Group, Inc. (NASDAQ:REGI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,644 shares of the oil and gas company’s stock, valued at approximately $268,000. Brandywine Global Investment Management LLC owned about 0.05% of Renewable Energy Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC grew its stake in shares of Renewable Energy Group by 155.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,754 shares of the oil and gas company’s stock worth $123,000 after buying an additional 7,160 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Renewable Energy Group during the second quarter worth $142,000. Federated Investors Inc. PA grew its stake in shares of Renewable Energy Group by 17.8% during the second quarter. Federated Investors Inc. PA now owns 11,029 shares of the oil and gas company’s stock worth $143,000 after buying an additional 1,668 shares during the last quarter. Gilbert & Cook Inc. grew its stake in shares of Renewable Energy Group by 1.8% during the second quarter. Gilbert & Cook Inc. now owns 12,623 shares of the oil and gas company’s stock worth $163,000 after buying an additional 220 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Renewable Energy Group during the second quarter worth $188,000.

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Shares of Renewable Energy Group, Inc. (REGI) opened at 11.75 on Wednesday. Renewable Energy Group, Inc. has a 52 week low of $8.10 and a 52 week high of $13.55. The company has a 50 day moving average of $12.34 and a 200 day moving average of $11.71. The company’s market cap is $454.60 million.

Renewable Energy Group (NASDAQ:REGI) last issued its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). The business had revenue of $535.10 million during the quarter, compared to analysts’ expectations of $531.88 million. Renewable Energy Group had a positive return on equity of 6.20% and a negative net margin of 0.36%. Renewable Energy Group’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 EPS. On average, analysts expect that Renewable Energy Group, Inc. will post ($1.56) EPS for the current year.

REGI has been the topic of a number of research reports. Roth Capital set a $17.00 target price on shares of Renewable Energy Group and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Canaccord Genuity reaffirmed a “buy” rating and set a $16.00 target price on shares of Renewable Energy Group in a research note on Wednesday, June 14th. ValuEngine cut shares of Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research cut shares of Renewable Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, BidaskClub raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $15.33.

Renewable Energy Group Profile

Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services. The Company is a producer of biomass-based diesel in North America. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities. It is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products.

Institutional Ownership by Quarter for Renewable Energy Group (NASDAQ:REGI)

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