REX American Resources Corporation (NYSE:REX)’s Close of Business and Chief Executive Officer, Rose Stuart, sold 50,000 shares of Common stock $.01 par value, directly, on Thursday. The insider paid a price of $78.24 per share and now holds a remainder of 976,758 company shares. Furthermore, while insider stock sales have been frequent at the $671.7 million market cap firm, the largest transactions have all been executed by Stuart. In June, the insider completed several dispositions of 17,000 shares for a price of $77.60 per share, as well as selling 25,000 shares of Common Stock for $72.39 per share.
On another note, this quarter showed several hedge funds increasing REX’s holdings percentage in their portfolios. Such was the case with Joel Greenblatt’s Gotham Asset Management, which increased the company’s portfolio participation by 29% in Q1, and now owns a total of 33,641 shares, worth $1.9 million. However, Jim Simons’ hedge fund, Renaissance Technologies, is still the majority shareholder, with 266,600 shares, valued at $15.2 million.