SSgA Funds Management, Inc. has recently announced that it has increased stake in Vertex Energy Inc (NASDAQ:VTNR) by 3.78%. After grabbing 5.98 million shares, the institutional investor is now in possession of 0.22 million shares of the Energy Company. The new investment brought the stake of investor firm to 6.39% having worth around $20.27 million. Moreover, The Vanguard Group, Inc. increased its share by 1.18 million to have a control over 4.9 million shares. And BlackRock Fund Advisors raised its holdings to 0.25 million shares by acquiring 4.4 million shares or 4.71% of the stake.
Vertex Energy Inc (VTNR) concluded trading on Wednesday at a closing price of $1.44, with 7.86 million shares of worth about $11.32 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -71.11% during that period and On Wednesday, January 24 the price saw a loss of about -22.16%. Currently the company’s common shares owned by public are about 93.51M shares, out of which, 84.66M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 25 times over the past 12 months. They bought 559,290 shares in 15 of the transactions. In 10 selling transactions, insiders dumped 437,295 shares.
Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Vertex Energy Inc Vanguard Total Stock Market ETF is currently holding 2.95 million shares of worth totaling $9.99 million. The company recently came buying 0.0 shares which brought its stake up to 3.15% of the company’s outstanding shares. iShares Russell 2000 ETF sold 4626.0 shares, after which its hold over company’s outstanding shares shrunk to 1.87%, leaving 1.75 million shares with the mutual fund that have a worth of about $5.93 million. Vanguard Extended Market Index Fu, after buying 1.26 million shares, have now control over 1.35% of the stake in the company. It holds 47654.0 shares of worth $4.26 million.
However, the stock later moved at a day high price of 1.8100, or with a loss of -22.16%. Stock saw a price change of -24.21% in past 5 days and over the past one month there was a price change of -61.29%. Year-to-date (YTD), VTNR shares are showing a performance of -57.52% which decreased to -80.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.75 but also hit the highest price of $11.20 during that period. The average intraday trading volume for Vertex Energy Inc shares is 3.04 million. The stock is currently trading -41.79% below its 20-day simple moving average (SMA20), while that difference is down -53.62% for SMA50 and it goes to -71.50% lower than SMA200.
SSgA Funds Management, Inc. acquired 5.98 million shares of Vertex Energy Inc having value of about $20.27 million. Data submitted at the U.S SEC by SSgA Funds Management, Inc. revealed that the firm now holds 0.22 million shares in the company valued at close to $313856.64, or have control over 3.78% stake in the company. Vertex Energy Inc (NASDAQ: VTNR) currently have 93.51M outstanding shares and institutions hold larger chunk of about 45.53% of that. Holding of mutual funds in the company is about 35.37% while other institutional holders and individual stake holders have control over 9.37% and 15.09% of the stake respectively.
The stock has a current market capitalization of $134.65M and its 3Y-monthly beta is at 1.64. It has posted earnings per share of -$0.22 in the same period. It has Quick Ratio of 0.49 while making debt-to-equity ratio of 1.87. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VTNR, volatility over the week remained 11.31% while standing at 9.47% over the month.
Analysts are in expectations that Vertex Energy Inc (VTNR) stock would likely to be making an EPS of -$0.01 in the current quarter, while forecast for next quarter EPS is $0.04 and it is $0.27 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.14 which is $0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.71 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -673.40% while it is estimated to increase by 79.77% in next year. EPS is likely to shrink at an annualized rate of 20.00% for next 5-years, compared to annual growth of 27.09% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northland Capital on Jan-25-24 offering a Market perform rating for the stock and assigned a target price of $2 to it.
