RiceBran Technologies (NASDAQ:RIBT) Director Baruch Halpern sold 11,289 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $512,062.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of RIBT opened at $2.74 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.20 and a quick ratio of 2.01. RiceBran Technologies has a 12-month low of $2.16 and a 12-month high of $3.87. The firm has a 50-day moving average price of $2.68 and a 200 day moving average price of $3.02.
RiceBran Technologies (NASDAQ:RIBT) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.04). RiceBran Technologies had a negative net margin of 52.99% and a negative return on equity of 39.12%. The firm had revenue of $6.22 million during the quarter.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC grew its holdings in shares of RiceBran Technologies by 13.2% in the second quarter. LPL Financial LLC now owns 53,457 shares of the company’s stock valued at $156,000 after purchasing an additional 6,235 shares during the period. Creative Planning purchased a new stake in shares of RiceBran Technologies in the first quarter valued at about $41,000. Citadel Advisors LLC purchased a new stake in shares of RiceBran Technologies in the second quarter valued at about $38,000. Wedbush Securities Inc. grew its holdings in shares of RiceBran Technologies by 25.0% in the second quarter. Wedbush Securities Inc. now owns 125,000 shares of the company’s stock valued at $364,000 after purchasing an additional 25,000 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of RiceBran Technologies by 2.9% in the second quarter. Vanguard Group Inc. now owns 970,524 shares of the company’s stock valued at $2,824,000 after purchasing an additional 27,112 shares during the period. 31.11% of the stock is owned by hedge funds and other institutional investors.
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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