Insider Buying: RiceBran Technologies (RIBT) Major Shareholder Buys 134,033 Shares of Stock

RiceBran Technologies (NASDAQ:RIBT) major shareholder Grain Co Continental bought 134,033 shares of the business’s stock in a transaction on Wednesday, November 21st. The stock was purchased at an average cost of $2.99 per share, for a total transaction of $400,758.67. Following the transaction, the insider now owns 4,974,607 shares of the company’s stock, valued at $14,874,074.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Grain Co Continental also recently made the following trade(s):

  • On Monday, November 19th, Grain Co Continental bought 97,523 shares of RiceBran Technologies stock. The stock was purchased at an average cost of $2.95 per share, for a total transaction of $287,692.85.
  • On Thursday, November 15th, Grain Co Continental bought 84,902 shares of RiceBran Technologies stock. The stock was purchased at an average cost of $2.89 per share, for a total transaction of $245,366.78.
  • On Monday, November 12th, Grain Co Continental bought 37,701 shares of RiceBran Technologies stock. The stock was purchased at an average cost of $2.71 per share, for a total transaction of $102,169.71.
  • On Tuesday, August 28th, Grain Co Continental bought 48,779 shares of RiceBran Technologies stock. The stock was purchased at an average cost of $3.18 per share, for a total transaction of $155,117.22.
  • On Thursday, August 30th, Grain Co Continental bought 123,779 shares of RiceBran Technologies stock. The stock was purchased at an average cost of $3.21 per share, for a total transaction of $397,330.59.

Shares of NASDAQ RIBT opened at $3.00 on Monday. RiceBran Technologies has a 52-week low of $1.23 and a 52-week high of $3.46.

RiceBran Technologies (NASDAQ:RIBT) last announced its earnings results on Tuesday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The company had revenue of $3.46 million for the quarter. RiceBran Technologies had a negative return on equity of 45.57% and a negative net margin of 74.93%.

A number of hedge funds and other institutional investors have recently made changes to their positions in RIBT. BlackRock Inc. raised its position in RiceBran Technologies by 340.2% in the second quarter. BlackRock Inc. now owns 60,264 shares of the company’s stock valued at $130,000 after purchasing an additional 46,574 shares during the period. Royce & Associates LP purchased a new stake in shares of RiceBran Technologies during the third quarter worth $144,000. JPMorgan Chase & Co. increased its position in shares of RiceBran Technologies by 253.4% during the third quarter. JPMorgan Chase & Co. now owns 101,860 shares of the company’s stock worth $292,000 after acquiring an additional 73,036 shares during the period. Dimensional Fund Advisors LP purchased a new stake in shares of RiceBran Technologies during the third quarter worth $345,000. Finally, Renaissance Technologies LLC increased its position in shares of RiceBran Technologies by 190.7% during the second quarter. Renaissance Technologies LLC now owns 669,200 shares of the company’s stock worth $1,445,000 after acquiring an additional 439,000 shares during the period. 10.37% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on RIBT shares. Maxim Group reissued a “hold” rating on shares of RiceBran Technologies in a research report on Friday, August 3rd. Lake Street Capital set a $5.00 target price on RiceBran Technologies and gave the company a “buy” rating in a research report on Wednesday, November 7th.

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RiceBran Technologies Company Profile

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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Insider Buying and Selling by Quarter for RiceBran Technologies (NASDAQ:RIBT)

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