Pacific Ethanol, Inc. (NASDAQ:PEIX) reached 4.88% versus a 1-year low price of $4.10. The stock was last seen -5.49% lower, reaching at $4.3 on 12/06/2017. At recent session, the prices were hovering between $4.3 and $4.6. This company shares are 137.21% off its target price of $10.2 and the current market capitalization stands at $195.39M. The recent change has given its price a -12.49% deficit over SMA 50 and -60.73% deficit over its 52-week high. The stock witnessed -4.44% declines, -15.69% declines and -27.73% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PEIX’s volatility during a week at 5.44% and during a month it has been found around 5.89%.Pacific Ethanol, Inc. (PEIX) Top Holders
Institutional investors currently hold around $162 million or 82.4% in PEIX stock. Look at its top three institutional owners. Blackrock Inc. owns $23.53 million in Pacific Ethanol, Inc., which represents roughly 12.04% of the company’s market cap and approximately 14.53% of the institutional ownership. Similar statistics are true for the second largest owner, Dnb Asset Management As, which owns 2,953,183 shares of the stock are valued at $13.44 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $11.96 million worth of this stock and that ownership represents nearly 6.12% of its market capitalization.Pacific Ethanol, Inc. 13F Filings
At the end of 09/30/2017 reporting period, 63 institutional holders increased their position in Pacific Ethanol, Inc. (NASDAQ:PEIX) by some 7,467,326 shares, 60 decreased positions by 5,272,708 and 19 held positions by 22,859,221. That puts total institutional holdings at 35,599,255 shares, according to SEC filings. The stock grabbed 18 new institutional investments totaling 1,455,544 shares while 26 institutional investors sold out their entire positions totaling 2,360,601 shares.
Multiple company employees have indulged in significant insider trading. Pacific Ethanol, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Candlewood Investment Group, L has sold 1,420,251 shares of Pacific Ethanol, Inc. (PEIX) in trading session dated Mar. 17, 2017. These shares are worth $9,515,682 and were traded at $6.7 each. The SEC filing shows that Layne Larry D performed a sale of 10,000 shares. The Director disposed these shares by way of transaction on Dec. 15, 2016. The company’s shares were given away at $9.71 per share worth to an income of some $97,100 on account of Layne Larry D.
VP, Gen. Counsel & Secy, Wright Christopher W, sold 6,426 common shares of Pacific Ethanol, Inc. (PEIX) in the open market. In a transaction dated Dec. 13, 2016, the shares were put up for sale at an average price of $9.6, raking in a sum of $61,690. After this sale, 60,816 common shares of PEIX are directly owned by the insider, with total stake valued at $261,509.
In the transaction dated Dec. 12, 2016, the great number of shares disposed came courtesy the 10% Owner; Candlewood Investment Group, L disposed a total of 2,736,769 shares at an average price of $9.33, amounting to approximately $25,534,055. The insider now directly owns 6,174,903 shares worth $26,552,083.Pacific Ethanol, Inc. (PEIX) Analyst Guide
Several analysts have released their opinion on Pacific Ethanol, Inc. (NASDAQ:PEIX), with 5 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.