Today, the CFO of Renewable Energy Group (NASDAQ: REGI), Chad Stone, bought shares of REGI for $27.44K.
Following Chad Stone’s last REGI Buy transaction on May 15, 2017, the stock climbed by 2.3%. This recent transaction increases Chad Stone’s holding in the company by 1.96% to a total of $1.43 million.
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Based on Renewable Energy Group’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $689 million and quarterly net profit of $209 million. In comparison, last year the company earned revenue of $419 million and had a GAAP net loss of $15.91 million. REGI’s market cap is $525.3M and the company has a P/E ratio of 3.73. Currently, Renewable Energy Group has an average volume of 434.9K.
Starting in July 2017, REGI received 8 Buy ratings in a row. Five different firms, including Canaccord Genuity and Piper Jaffray, currently also have a Buy rating on the stock.
The insider sentiment on Renewable Energy Group has been positive according to 33 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Renewable Energy Group, Inc. is a holding company, which engages in the production and trade of biofuel and renewable chemicals. It operates through the three segments: Biomass-based Diesel, Services, Renewable Chemicals, and Corporate and Other.