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Vertex Energy, Inc. (NASDAQ:VTNR – Get Rating) saw a significant drop in short interest in June. As of June 15th, there was short interest totalling 9,830,000 shares, a drop of 34.9% from the May 31st total of 15,100,000 shares. Based on an average daily trading volume, of 5,410,000 shares, the short-interest ratio is presently 1.8 days.
In other Vertex Energy news, Director David L. Phillips sold 33,207 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $15.50, for a total transaction of $514,708.50. Following the transaction, the director now directly owns 96,621 shares in the company, valued at $1,497,625.50. The transaction was disclosed in a filing with the SEC, which is available through this link. 15.90% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd lifted its stake in Vertex Energy by 9.2% during the first quarter. XTX Topco Ltd now owns 20,163 shares of the industrial products company’s stock worth $200,000 after purchasing an additional 1,701 shares during the period. FNY Investment Advisers LLC bought a new position in Vertex Energy during the first quarter worth about $25,000. Northern Trust Corp lifted its stake in Vertex Energy by 3.8% during the first quarter. Northern Trust Corp now owns 79,299 shares of the industrial products company’s stock worth $788,000 after purchasing an additional 2,903 shares during the period. Advisor Group Holdings Inc. lifted its stake in Vertex Energy by 122.8% during the first quarter. Advisor Group Holdings Inc. now owns 5,770 shares of the industrial products company’s stock worth $142,000 after purchasing an additional 3,180 shares during the period. Finally, Belvedere Trading LLC lifted its stake in Vertex Energy by 8.6% during the fourth quarter. Belvedere Trading LLC now owns 44,234 shares of the industrial products company’s stock worth $197,000 after purchasing an additional 3,485 shares during the period. 48.16% of the stock is currently owned by institutional investors and hedge funds.
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VTNR stock opened at $10.72 on Friday. Vertex Energy has a twelve month low of $3.30 and a twelve month high of $18.10. The business’s 50-day simple moving average is $12.83 and its 200 day simple moving average is $8.58. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.10 and a quick ratio of 3.87.
Vertex Energy (NASDAQ:VTNR – Get Rating) last released its earnings results on Tuesday, May 10th. The industrial products company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.22. Vertex Energy had a negative return on equity of 25.34% and a negative net margin of 7.20%. The business had revenue of $40.22 million for the quarter, compared to the consensus estimate of $63.63 million. As a group, equities research analysts expect that Vertex Energy will post 3.58 EPS for the current fiscal year.
Several brokerages have recently issued reports on VTNR. Credit Suisse Group raised their price target on Vertex Energy to $21.50 in a research report on Thursday, June 9th. Stifel Nicolaus raised their price target on Vertex Energy from $14.00 to $20.00 in a research report on Wednesday, June 8th. Finally, StockNews.com began coverage on Vertex Energy in a research report on Thursday, March 31st. They issued a “sell” rating on the stock.
Vertex Energy Company Profile (Get Rating)
Vertex Energy, Inc, an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in the Gulf Coast and Central Midwest regions of the United States. The company operates through Black Oil, Refining and Marketing, and Recovery segments.
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