7,960 Shares in Green Plains Inc (GPRE) Purchased by CoreCommodity Management LLC
CoreCommodity Management LLC bought a new stake in Green Plains Inc (NASDAQ:GPRE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,960 shares of the specialty chemicals company’s stock, valued at approximately $104,000.
Several other hedge funds also recently bought and sold shares of GPRE. Rubric Capital Management LP bought a new position in shares of Green Plains in the third quarter valued at approximately $38,700,000. BlackRock Inc. lifted its holdings in shares of Green Plains by 2.2% in the third quarter. BlackRock Inc. now owns 6,428,399 shares of the specialty chemicals company’s stock valued at $110,568,000 after purchasing an additional 135,423 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Green Plains by 1,628.8% in the fourth quarter. Citigroup Inc. now owns 133,773 shares of the specialty chemicals company’s stock valued at $1,753,000 after purchasing an additional 126,035 shares in the last quarter. GCA Investment Management LLC lifted its holdings in shares of Green Plains by 34.5% in the fourth quarter. GCA Investment Management LLC now owns 381,078 shares of the specialty chemicals company’s stock valued at $4,996,000 after purchasing an additional 97,730 shares in the last quarter. Finally, Systematic Financial Management LP bought a new position in shares of Green Plains in the third quarter valued at approximately $1,354,000.
A number of research firms have recently weighed in on GPRE. Zacks Investment Research upgraded Green Plains from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded Green Plains from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. ValuEngine upgraded Green Plains from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. TheStreet upgraded Green Plains from a “d+” rating to a “c” rating in a report on Monday, February 11th. Finally, Roth Capital dropped their target price on Green Plains from $25.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, February 11th. Four equities 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 a consensus target price of $18.33.
Shares of Green Plains stock opened at $16.44 on Friday. The firm has a market cap of $674.70 million, a P/E ratio of -7.58 and a beta of 1.20. 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.
Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Monday, February 11th. The specialty chemicals company reported ($0.96) EPS 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 the consensus estimate of $894.16 million. Green Plains had a negative return on equity of 8.63% and a net margin of 0.41%. The business’s revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.16) earnings per share. Research analysts anticipate that Green Plains Inc will post -0.3 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors 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 yield of 2.92%. Green Plains’s dividend payout ratio (DPR) is currently -22.12%.
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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.
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