According to a recent 13G filing with the Securities and Exchange Commission, Andy Redleaf‘s Whitebox Advisors owns 2.31 million common shares of Renewable Energy Group Inc. (NASDAQ:REGI), which account for 5.6% of its shares outstanding. The stock represents a new addition to Whitebox Advisors’ equity portfolio.
Renewable Energy is a company that produces biofuels and develops renewable chemicals, and is working on providing lower carbon intensity products. Year-to-date, the company’s stock is down by 2.26%. For the second quarter of 2016, Renewable Energy disclosed earnings per share of $0.16, missing the estimates of $0.28, and revenue of $558.3 million, easily topping the estimates of $417.78 million. Earlier this month, Canaccord Genuity reiterated its ‘Hold’ rating on Renewable Energy’s stock and has a price target of $10.50 on it.
As per our hedge fund database, investors that were bullish on Renewable Energy (NASDAQ:REGI) at the end of the second quarter included Clint Carlson’s Carlson Capital, with a position worth $34.44 million, Jim Simons’ Renaissance Technologies, which held a position valued at almost $2 million, Neil Chriss’ Hutchin Hill Capital, and Mike Vranos’ Ellington. An investor who dumped Renewable Energy (NASDAQ:REGI) during the second quarter was Gavin Saitowitz and Cisco J. Del Valle’s Springbok Capital, which sold off its position valued at $52,000 on March 31.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Whitebox General Partner||0||2,310,904||0||2,310,904||2,310,904||5.6%|
Page 1 of 7 – SEC Filing
Renewable Energy Group, Inc.
(Name of Issuer)
Common Stock, $0.0001 par value
(Title of Class of Securities)
August 12, 2016
(Date of Event Which Requires Filing of this Statement)