Pacific Ethanol, Inc. (PEIX): Christopher W Wright , VP, Gen. Counsel & Secy of Pacific Ethanol, Inc. sold 31,000 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were sold at $6.00 per share for a total value of $185,994.52 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 4, 2015, Michael D Kandris (COO) purchased 3,000 shares at $4.89 per share price.On Nov 24, 2015, James R Sneed (VP of Ethanol Supply & Trading) purchased 2,500 shares at $3.75 per share price.Also, On Nov 19, 2015, Larry D Layne (director) purchased 10,000 shares at $4.01 per share price.On Nov 18, 2015, Christopher W Wright (VP, Gen. Counsel & Secy) purchased 2,750 shares at $4.00 per share price.
Shares of Pacific Ethanol Inc (PEIX) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.31 points or -4.91% at $6.01 with 7,18,020 shares getting traded. Post opening the session at $6.27, the shares hit an intraday low of $5.8501 and an intraday high of $6.27 and the price vacillated in this range throughout the day. The company has a market cap of $257 M and the number of outstanding shares has been calculated to be 4,28,13,380 shares. The 52-week high of Pacific Ethanol Inc is $11.25 and the 52-week low is $2.41.
Company has been under the radar of several Street Analysts.Pacific Ethanol Inc is Initiated by Rodman & Renshaw to Buy and the brokerage firm has set the Price Target at $11. The Rating was issued on May 24, 2016.
Pacific Ethanol Inc. is a producer and marketer of low-carbon renewable fuels in the Western United States. The Company also sells ethanol co-products including wet distillers grain (WDG) a nutritious animal feed and corn oil. Serving integrated oil companies and gasoline marketers who blend ethanol into gasoline the Company provides transportation storage and delivery of ethanol through third-party service providers. The Company holds a 96% ownership interest in PE Op Co. the owner of four ethanol production facilities. The Company sells ethanol produced by the four production facilities and unrelated third parties to gasoline refining and distribution companies sells its WDG to dairy operators and animal feed distributors and sells its corn oil to poultry and biodiesel customers. The Company markets all the ethanol it sells through its subsidiary Kinergy Marketing LLC.