Van ECK Associates Corp Purchases 146,486 Shares of Vertex Energy, Inc. (NASDAQ:VTNR)

Van ECK Associates Corp lifted its position in shares of Vertex Energy, Inc. (NASDAQ:VTNRGet Rating) by 177.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,076 shares of the industrial products company’s stock after acquiring an additional 146,486 shares during the period. Van ECK Associates Corp owned approximately 0.30% of Vertex Energy worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Verition Fund Management LLC acquired a new position in Vertex Energy during the 2nd quarter worth approximately $414,000. Grassi Investment Management acquired a new position in Vertex Energy during the 2nd quarter worth approximately $242,000. Occudo Quantitative Strategies LP acquired a new position in Vertex Energy during the 2nd quarter worth approximately $2,672,000. Avidian Wealth Solutions LLC increased its position in Vertex Energy by 12.3% during the 2nd quarter. Avidian Wealth Solutions LLC now owns 78,869 shares of the industrial products company’s stock worth $830,000 after purchasing an additional 8,609 shares in the last quarter. Finally, Private Wealth Strategies L.L.C. increased its position in Vertex Energy by 11.5% during the 2nd quarter. Private Wealth Strategies L.L.C. now owns 33,448 shares of the industrial products company’s stock worth $352,000 after purchasing an additional 3,448 shares in the last quarter. Institutional investors own 63.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VTNR shares. UBS Group started coverage on shares of Vertex Energy in a research report on Tuesday, December 13th. They set a “neutral” rating and a $6.90 price objective for the company. StockNews.com upgraded shares of Vertex Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 18th.

Insider Transactions at Vertex Energy

In other news, CEO Benjamin P. Cowart sold 71,132 shares of the stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $8.07, for a total transaction of $574,035.24. Following the completion of the sale, the chief executive officer now directly owns 262,854 shares in the company, valued at $2,121,231.78. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Benjamin P. Cowart sold 66,666 shares of the stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $8.13, for a total transaction of $541,994.58. Following the completion of the sale, the chief executive officer now directly owns 5,717,274 shares in the company, valued at $46,481,437.62. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Benjamin P. Cowart sold 71,132 shares of the stock in a transaction on Wednesday, October 19th. The stock was sold at an average price of $8.07, for a total transaction of $574,035.24. Following the sale, the chief executive officer now owns 262,854 shares of the company’s stock, valued at $2,121,231.78. The disclosure for this sale can be found here. Insiders sold a total of 204,465 shares of company stock worth $1,690,699 over the last three months. 15.90% of the stock is owned by company insiders.

Vertex Energy Stock Up 2.5 %

Shares of NASDAQ VTNR opened at $6.90 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.81 and a current ratio of 1.43. Vertex Energy, Inc. has a 52-week low of $3.30 and a 52-week high of $18.10. The firm has a 50 day moving average price of $7.07 and a two-hundred day moving average price of $8.21.

Vertex Energy (NASDAQ:VTNRGet Rating) last announced its quarterly earnings results on Tuesday, November 8th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). Vertex Energy had a negative net margin of 3.11% and a positive return on equity of 42.83%. The business had revenue of $810.21 million during the quarter, compared to analyst estimates of $943.06 million. Analysts forecast that Vertex Energy, Inc. will post -0.34 earnings per share for the current year.

Vertex Energy Profile

(Get Rating)

Vertex Energy, Inc, an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in the Gulf Coast and Central Midwest regions of the United States. The company operates through Black Oil, Refining and Marketing, and Recovery segments.

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Institutional Ownership by Quarter for Vertex Energy (NASDAQ:VTNR)

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