Thomson Horstmann Bryant Inc buys $11,571,682 stake in Renewable Energy Group Inc (REGI)

Renewable Energy Group Inc (REGI) : Thomson Horstmann Bryant Inc scooped up 267,851 additional shares in Renewable Energy Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 1,300,189 shares of Renewable Energy Group Inc which is valued at $11,571,682.Renewable Energy Group Inc makes up approximately 1.43% of Thomson Horstmann Bryant Inc’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management reduced its stake in REGI by selling 1,091,711 shares or 76.49% in the most recent quarter. The Hedge Fund company now holds 335,630 shares of REGI which is valued at $2,977,038. Renewable Energy Group Inc makes up approx 0.01% of Acadian Asset Management’s portfolio. Independent Portfolio Consultants sold out all of its stake in REGI during the most recent quarter. The investment firm sold 730 shares of REGI which is valued $6,512. Bnp Paribas Arbitrage Sa added REGI to its portfolio by purchasing 1,685 company shares during the most recent quarter which is valued at $14,339.

Renewable Energy Group Inc closed down -0.02 points or -0.22% at $8.87 with 4,44,330 shares getting traded on Wednesday. Post opening the session at $8.89, the shares hit an intraday low of $8.76 and an intraday high of $9 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Renewable Energy Group Inc reported $0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 3, 2016. Analyst had a consensus of $-0.02. The company had revenue of $305.60 million for the quarter, compared to analysts expectations of $268.12 million. The company’s revenue was up 32.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.86 EPS.

Renewable Energy Group Inc. is engaged in producing advanced biofuels and renewable chemicals. The Company 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. The Company operates a network of around nine operational biodiesel plants and one fermentation facility. The Company’s segments include Biomass-based diesel and Services. The Biomass-based diesel segment processes waste vegetable oils animal fats virgin vegetable oils and other feedstocks and methanol into biomass-based diesel. The Services segment offers services for managing the construction of biomass-based diesel production facilities and managing ongoing operations of third party plants.

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