Green Plains (GPRE) Upgraded at ValuEngine
ValuEngine upgraded shares of Green Plains (NASDAQ:GPRE) from a sell rating to a hold rating in a report released on Thursday.
Other equities analysts have also recently issued research reports about the stock. BidaskClub raised shares of Green Plains from a strong sell rating to a sell rating in a research report on Thursday, February 8th. Piper Jaffray Companies reaffirmed a buy rating and set a $27.00 price target on shares of Green Plains in a research report on Wednesday, February 7th. Zacks Investment Research cut shares of Green Plains from a hold rating to a sell rating in a research report on Wednesday, February 14th. Finally, BMO Capital Markets reaffirmed an outperform rating and set a $25.00 price target (down previously from $30.00) on shares of Green Plains in a research report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $26.67.
Shares of Green Plains (NASDAQ GPRE) traded up $0.50 during mid-day trading on Thursday, hitting $19.20. 623,991 shares of the stock traded hands, compared to its average volume of 769,827. The company has a quick ratio of 0.56, a current ratio of 1.36 and a debt-to-equity ratio of 0.72. Green Plains has a twelve month low of $15.60 and a twelve month high of $26.05. The company has a market capitalization of $788.24, a PE ratio of 15.61, a price-to-earnings-growth ratio of 3.35 and a beta of 1.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.48 annualized dividend and a yield of 2.50%. Green Plains’s dividend payout ratio (DPR) is 39.02%.
In other Green Plains news, insider Todd A. Becker acquired 9,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were purchased at an average price of $16.74 per share, for a total transaction of $150,660.00. Following the completion of the purchase, the insider now directly owns 716,588 shares in the company, valued at $11,995,683.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Walter S. Cronin sold 6,737 shares of the stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $16.80, for a total transaction of $113,181.60. Following the sale, the executive vice president now owns 50,200 shares in the company, valued at approximately $843,360. The disclosure for this sale can be found here. 6.40% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new stake in Green Plains during the fourth quarter worth about $303,000. Municipal Employees Retirement System of Michigan raised its stake in Green Plains by 18.9% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 33,540 shares of the specialty chemicals company’s stock worth $565,000 after acquiring an additional 5,340 shares during the period. Fondren Management LP raised its stake in Green Plains by 525.0% during the fourth quarter. Fondren Management LP now owns 125,000 shares of the specialty chemicals company’s stock worth $2,106,000 after acquiring an additional 105,000 shares during the period. Teachers Advisors LLC raised its stake in Green Plains by 0.5% during the fourth quarter. Teachers Advisors LLC now owns 652,022 shares of the specialty chemicals company’s stock worth $10,987,000 after acquiring an additional 3,494 shares during the period. Finally, Mangrove Partners acquired a new stake in Green Plains during the fourth quarter worth about $15,809,000.
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About Green Plains
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
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