OppenheimerFunds Inc. reduced its position in Green Plains Inc (NASDAQ:GPRE) by 18.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 117,672 shares of the specialty chemicals company’s stock after selling 27,414 shares during the quarter. OppenheimerFunds Inc. owned about 0.28% of Green Plains worth $1,977,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in GPRE. Mangrove Partners acquired a new position in Green Plains in the 4th quarter valued at $15,809,000. BlackRock Inc. increased its stake in Green Plains by 10.6% in the 1st quarter. BlackRock Inc. now owns 5,799,175 shares of the specialty chemicals company’s stock valued at $97,425,000 after buying an additional 554,074 shares during the period. Private Management Group Inc. increased its stake in Green Plains by 18.9% in the 4th quarter. Private Management Group Inc. now owns 1,139,763 shares of the specialty chemicals company’s stock valued at $19,205,000 after buying an additional 181,206 shares during the period. Royce & Associates LP increased its stake in Green Plains by 122.2% in the 4th quarter. Royce & Associates LP now owns 200,000 shares of the specialty chemicals company’s stock valued at $3,370,000 after buying an additional 110,000 shares during the period. Finally, Fondren Management LP increased its stake in Green Plains by 525.0% in the 4th quarter. Fondren Management LP now owns 125,000 shares of the specialty chemicals company’s stock valued at $2,106,000 after buying an additional 105,000 shares during the period.
In other news, EVP Paul E. Kolomaya sold 8,000 shares of the company’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $20.56, for a total transaction of $164,480.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.90% of the company’s stock.
Green Plains opened at $20.35 on Monday, MarketBeat reports. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.62 and a current ratio of 1.47. Green Plains Inc has a fifty-two week low of $15.60 and a fifty-two week high of $22.00. The firm has a market cap of $838.01 million, a PE ratio of -23.55 and a beta of 1.33.
Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Monday, May 7th. The specialty chemicals company reported ($0.60) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.25). Green Plains had a negative return on equity of 5.27% and a net margin of 1.08%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $926.04 million. During the same period last year, the company earned ($0.09) earnings per share. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. equities research analysts expect that Green Plains Inc will post -0.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, May 25th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.36%. Green Plains’s dividend payout ratio (DPR) is presently -55.81%.
Several equities analysts have issued reports on GPRE shares. Zacks Investment Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 9th. ValuEngine cut shares of Green Plains from a “sell” rating to a “strong sell” rating in a research note on Monday, April 2nd. Finally, BidaskClub cut shares of Green Plains from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Green Plains presently has an average rating of “Buy” and a consensus price target of $25.17.
Green Plains Profile
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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