Vertex Energy, Inc. (NASDAQ:VTNR) was recently bought by the Arizona State Retirement System in a new position during the 4th quarter. In accordance with the company’s most recent Form 13F filing with the SEC, the institutional investor has purchased over 17,000 shares of this industrial products company’s stock, equating to approximately $106,000.
Vertex Energy, Inc. is an environmentally-conscious firm that strives towards recycling industrial waste streams and off-specification commercial chemical products. Focusing on used motor oil and petroleum by-products, this company operates through its Black Oil, Refining and Marketing and Recovery segments. The Black Oil segment collects and purchases used motor oil from third-party generators and local and regional collectors before selling it to customers for use as a feedstock or replacement fuel for industrial burners.
The shares of NASDAQ VTNR opened at $6.60 on Friday, with Vertex Energy having a 12-month low of $5.42 and a 12-month high of $18.10. This company also boasts a 50-day moving average of $7.97 and a 200-day moving average of $7.67, further solidifying its position as an innovative player in the industry.
With a debt-to-equity ratio of 1.00, quick ratio of 0.77, and current ratio of 1.47; Vertex Energy has maintained its financial stability while delving deep into advocating sustainability through recycling hazardous waste streams. Its unique business model has helped create sustainable solutions that enable companies to achieve their profitability goals while reducing their environmental footprint.
In conclusion, Vertex Energy’s newly acquired position brings forth positivity with renewed hope that investors will support this revolutionary change in supporting more sustainable practices in businesses while attaining long-term profitability goals – the perfect merger between environmental consciousnesses integrating innovation and boosting returns making US based investment all about it!
Vertex Energy: Insider Activity and Institutional Interest Impact Stock Value
Vertex Energy: A Hedge Fund Favorite with Recent Insider Activity
Vertex Energy (VTNR) has recently caught the eye of several institutional investors, including Legal & General Group Plc and Advisor Group Holdings Inc., as well as Zurcher Kantonalbank Zurich Cantonalbank and CI Investments Inc. The industrial products company, which specializes in recycling used motor oil and industrial waste products, has seen a boost in shares worth and positions held in recent months.
Despite these highlights, insider activity has also been more active than usual. COO James Gary Rhame acquired 4,000 shares of VTNR on May 12th for $6.33 per share, and now holds 14,648 shares valued at $92,721.84. Contrastingly, CEO Benjamin P. Cowart sold 66,666 shares of the stock on April 19th for an average price of $8.00 per share. After the sale, he retained 5,450,608 shares valued at $43,604864.
The company has garnered mixed reviews from experts; while Craig Hallum raised the price target from $12 to $15 in February of this year, Stocknews.com recently demoted Vertex Energy from hold status to sell status on May 11th based on preliminary revenue results revealing lower than expected earnings.
While financial analysts continue to weigh on the value potential that Vertex Energy carries for investors who remain bullish on growth possibilities despite increased insider activity and tepid revenues released this month – neither factor necessarily indicates an imminent downturn or success alone – it is recommended that readers consult their investment advisors before making any trades involving VTNR stocks as past performance is no guarantee of future returns.
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