Citadel Advisors LLC bought a new position in RiceBran Technologies (NASDAQ:RIBT) in the second quarter, according to its most recent filing with the SEC. The firm bought 13,127 shares of the company’s stock, valued at approximately $38,000.
Other hedge funds also recently added to or reduced their stakes in the company. Wedbush Securities Inc. boosted its stake in RiceBran Technologies by 25.0% in the 2nd quarter. Wedbush Securities Inc. now owns 125,000 shares of the company’s stock worth $364,000 after purchasing an additional 25,000 shares in the last quarter. LPL Financial LLC boosted its stake in RiceBran Technologies by 13.2% in the 2nd quarter. LPL Financial LLC now owns 53,457 shares of the company’s stock worth $156,000 after purchasing an additional 6,235 shares in the last quarter. Continental Grain Co. boosted its stake in RiceBran Technologies by 16.0% in the 2nd quarter. Continental Grain Co. now owns 7,283,046 shares of the company’s stock worth $21,194,000 after purchasing an additional 1,003,344 shares in the last quarter. BlackRock Inc. boosted its stake in RiceBran Technologies by 136.7% in the 2nd quarter. BlackRock Inc. now owns 126,011 shares of the company’s stock worth $367,000 after purchasing an additional 72,778 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in RiceBran Technologies by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 970,524 shares of the company’s stock worth $2,824,000 after purchasing an additional 27,112 shares in the last quarter. Institutional investors own 31.11% of the company’s stock.
RIBT stock opened at $2.64 on Friday. The firm has a 50 day moving average of $2.64 and a 200 day moving average of $2.88. The company has a current ratio of 2.20, a quick ratio of 2.01 and a debt-to-equity ratio of 0.10. RiceBran Technologies has a 52 week low of $2.16 and a 52 week high of $3.87.
In other RiceBran Technologies news, Director Baruch Halpern sold 11,289 shares of RiceBran Technologies stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $2.65, for a total transaction of $29,915.85. Following the completion of the sale, the director now directly owns 193,231 shares in the company, valued at approximately $512,062.15. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Grain Co Continental acquired 17,535 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were acquired at an average price of $2.69 per share, with a total value of $47,169.15. Following the completion of the purchase, the insider now owns 7,326,152 shares in the company, valued at approximately $19,707,348.88. The disclosure for this purchase can be found here. Insiders purchased a total of 79,962 shares of company stock valued at $211,912 over the last quarter. 8.69% of the stock is owned by company insiders.
Separately, ValuEngine cut shares of RiceBran Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 7th.
About RiceBran Technologies
RiceBran Technologies processes and markets healthy, natural, and nutrient dense products derived from raw rice bran. The company manufactures and distributes stabilized rice bran (SRB) in various granulations with other products and derivatives. It offers RiBalance, a rice bran nutritional package derived from further processing of SRB; RiSolubles, a nutritious carbohydrate and lipid rich fraction of RiBalance; RiFiber, a protein and fiber rich derivative of RiBalance; and protein and protein/fiber blends under the ProRyza brand.
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