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.
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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 Advisors | 0 | 2,310,904 | 0 | 2,310,904 | 2,310,904 | 5.6% |
| 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) |
| 75972A301 |
| (CUSIP Number) |
| August 12, 2016 |
| (Date of Event Which Requires Filing of this Statement) |
