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.
Maridav/Shutterstock.com
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) |
DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks
If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.
Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Aimmune Therapeutics Inc (AIMT) Is Bringing A 100 Year Old Treatment Into The...
Billionaire Steve Cohen Poured Money Into Amazon, Tesoro, Others in Q2
Coherus Biosciences Inc (CHRS) Has Set Its Sights On Amgen, Inc. (AMGN)
A Look at Billionaire Paul Singer’s Long-Term Investments
Gemphire Therapeutics Inc. (GEMP): Cormorant Asset Management Reports New Stake...
Heavy Insider Selling at Prologis Inc. (PLD) and PRA Health Sciences Inc. (...
