CEO of REX American Resources Corp (REX) Sells $1.6M in Shares

REX American Resources Corp (NYSE:REX) CEO Stuart A Rose sold off 18,000 shares of the stock in a transaction dated August 6th, 2014.  After the sale, Mr Rose still holds 764,758 shares of REX directly.  The shares were sold at a price of $91.60.   The proceeds of his sale of shares is valued at $1,648,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of REX American Resources Corp (NYSE:REX) is currently trading at 88.77 up 0.6% during trading on Friday,  hitting $88.76 intraday.  34,500 shares of the company’s stock have traded hands. REX American Resources Corp  has a 52 week low of $26.69 and a 52 week high of $92.42. The stock has a 50-day moving average of $79.60 and a 200-day moving average of $54.84. The company’s market cap is $726 million.

REX American Resources Corp (NYSE:REX) last posted its quarterly earnings results on May 28, 2014. The company reported $2.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.50 by $0.17. The company had revenue of $156 million for the quarter, compared to the consensus estimate of $178.42 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 6.5 times on a year-over-year basis. Analysts expect that REX American Resources Corp will post $9.40 EPS for the current fiscal year.

rex-rex american resources logoREX has been the subject of a number of research reports. Analysts at Sidoti upgraded from “neutral” to a Buy rating on shares of REX American Resources Corp in a research note on February 5, 2014. Analysts now have a consensus $100 average price target on their stock.

Rex American Resources Corporation (REX) is a holding company to succeed to the entire ownership of three affiliated corporations, Rex Radio and Television, Inc., Stereo Town, Inc. and Kelly & Cohen Appliances, Inc. As of January 31, 2012, the Company had lease agreements, as landlord, for six owned former retail stores and had 16 vacant former retail properties. The Company also owns one former distribution center that is partially leased, partially occupied by its corporate office personnel and partially vacant. As of January 31, 2012, the Company invested in five ethanol production entities, two of which the Company has a majority ownership interest in. These properties include One Earth Energy, LLC, NuGen Energy, LLC, Patriot Renewable Fuels, LLC, Levelland Hockley County Ethanol, LLC, and one group consisting of Big River Resources, LLC-W Burlington, Big River Resources, LLC-Galva and Big River United Energy, LLC.