Candlewood Investment Group is Buying Pacific Ethanol Inc. (NASDAQ:PEIX) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

Perceptive Advisors is Buying Zogenix Inc. (NASDAQ:Z...
OrbiMed Advisors is Buying Ironwood Pharmaceuticals ...
ANPC the best stock to buy? Trending stock? Breakout...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Pacific Ethanol Inc. (NASDAQ:PEIX) reported that Candlewood Investment Group has picked up 3,603,196 of common stock as of 2017-03-21.

The acquisition brings the aggregate amount owned by Candlewood Investment Group to a total of 3,603,196 representing a 9.1% stake in the company.

For those not familiar with the company, Pacific Ethanol, Inc. is a producer and marketer of low-carbon renewable fuels in the United States. The Company’s segments include a production segment and a marketing segment. It owns and operates over eight ethanol production facilities at which it produces ethanol and co-products. It produces ethanol co-products, including wet distiller’s grains, dry distillers’ grains with soluble, wet and dry corn gluten feed, condensed distillers solubles, corn gluten meal, corn germ, corn oil, distillers yeast and carbon dioxide. It markets distiller’s grains and other feed co-products to dairies and feedlots in various cases located near its ethanol plants. Approximately four of its plants are in the Western states of California, Oregon and Idaho, or the Pacific Ethanol West plants; and over four of its plants are located in the Midwestern states of Illinois and Nebraska, or the Pacific Ethanol Central plants. Its plants have ethanol production capacity of over 515 million gallons per year.

A glance at Pacific Ethanol Inc. (NASDAQ:PEIX)’s key stats reveals a current market capitalization of 328.62 Million based on 43.35 Million shares outstanding and a price at last close of $7.10 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-02-25, Candlewood picked up 3,168 at a purchase price of $2.94. This brings their total holding to 900,177 as of the date of the filing.

On the sell side, the most recent transaction saw Candlewood unload 3,632 shares at a sale price of $6.70. This brings their total holding to 38,150.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Pacific Ethanol Inc. (NASDAQ:PEIX) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

 

 

 

Stay in the lopp :

Bullish Pullback on Friendable Inc (OTCMKTS:F...
Friendable Inc (OTCMKTS:FDBL) shares dipped 7.69% on Friday to $0.00120 and an additional 1.50% to $0.00118 in after-hours trading. Share prices have been trading
Can You Name the $15 Million Stock with Eyes ...
Long-term success on Wall Street is all about getting ahead of the story everyone else will be chasing months or even weeks down the road.
American Airlines Gets Much Needed Love from ...
AAL American Airlines has seen some massive interest recently, with all thanks going to the Reddit Crew. Unless you have been under a rock for

related post

Skip to content