14,804 Shares in Green Plains Inc (GPRE) Acquired by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund bought a new stake in Green Plains Inc (NASDAQ:GPRE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,804 shares of the specialty chemicals company’s stock, valued at approximately $194,000.
Other hedge funds have also recently made changes to their positions in the company. Rubric Capital Management LP bought a new position in Green Plains during the 3rd quarter valued at $38,700,000. BlackRock Inc. boosted its stake in Green Plains by 2.2% during the 3rd quarter. BlackRock Inc. now owns 6,428,399 shares of the specialty chemicals company’s stock valued at $110,568,000 after acquiring an additional 135,423 shares during the last quarter. Systematic Financial Management LP bought a new position in Green Plains during the 3rd quarter valued at $1,354,000. Dimensional Fund Advisors LP boosted its stake in Green Plains by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,501,626 shares of the specialty chemicals company’s stock valued at $60,228,000 after acquiring an additional 65,365 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Green Plains during the 4th quarter valued at $824,000.
A number of research analysts have commented on GPRE shares. Roth Capital reduced their price objective on shares of Green Plains from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, February 11th. Craig Hallum reduced their price objective on shares of Green Plains from $24.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, February 12th. TheStreet upgraded shares of Green Plains from a “d+” rating to a “c” rating in a research note on Monday, February 11th. ValuEngine upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Finally, BidaskClub upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Green Plains presently has an average rating of “Hold” and an average price target of $18.33.
NASDAQ GPRE opened at $16.44 on Friday. Green Plains Inc has a 12 month low of $12.00 and a 12 month high of $21.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.57 and a current ratio of 1.45. The firm has a market cap of $674.70 million, a price-to-earnings ratio of -7.58 and a beta of 1.20.
Green Plains (NASDAQ:GPRE) last issued its earnings results on Monday, February 11th. The specialty chemicals company reported ($0.96) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.89). The business had revenue of $827.50 million for the quarter, compared to analyst estimates of $894.16 million. Green Plains had a negative return on equity of 8.63% and a net margin of 0.41%. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period last year, the company posted ($0.16) earnings per share. On average, research analysts expect that Green Plains Inc will post -0.3 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 22nd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, February 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.92%. Green Plains’s dividend payout ratio (DPR) is -22.12%.
TRADEMARK VIOLATION NOTICE: “14,804 Shares in Green Plains Inc (GPRE) Acquired by Oregon Public Employees Retirement Fund” was reported by Marea Informative and is the sole property of of Marea Informative. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.mareainformativa.com/news/2019/03/17/14804-shares-in-green-plains-inc-gpre-acquired-by-oregon-public-employees-retirement-fund.html.
About Green Plains
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.
Featured Story: How are the companies in the S&P 500 selected?
Receive News & Ratings for Green Plains Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains and related companies with MarketBeat.com's FREE daily email newsletter.