Green Plains, Inc. (GPRE) CFO John W. Neppl Purchases 30,000 Shares
Green Plains, Inc. (NASDAQ:GPRE) CFO John W. Neppl bought 30,000 shares of Green Plains stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of $16.78 per share, with a total value of $503,400.00. Following the transaction, the chief financial officer now owns 38,474 shares of the company’s stock, valued at approximately $645,593.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Green Plains, Inc. (GPRE) remained flat at $$16.60 during midday trading on Tuesday. The stock had a trading volume of 1,321,355 shares, compared to its average volume of 964,159. Green Plains, Inc. has a 52 week low of $16.00 and a 52 week high of $29.85. The company has a quick ratio of 0.70, a current ratio of 1.57 and a debt-to-equity ratio of 0.82.
Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Wednesday, November 1st. The specialty chemicals company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.47). The firm had revenue of $901.20 million for the quarter, compared to analysts’ expectations of $933.36 million. Green Plains had a net margin of 0.92% and a negative return on equity of 0.88%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 earnings per share. equities analysts expect that Green Plains, Inc. will post -0.33 earnings per share for the current year.
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A number of equities research analysts have recently issued reports on the stock. Piper Jaffray Companies reissued a “hold” rating and issued a $19.00 target price on shares of Green Plains in a research report on Thursday, August 3rd. ValuEngine downgraded Green Plains from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub raised Green Plains from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reduced their target price on Green Plains from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, July 10th. Finally, Zacks Investment Research upgraded Green Plains from a “strong sell” rating to a “hold” rating in a report on Monday, July 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $25.33.
Several institutional investors and hedge funds have recently bought and sold shares of GPRE. UBS Asset Management Americas Inc. purchased a new position in shares of Green Plains during the first quarter valued at approximately $204,000. Municipal Employees Retirement System of Michigan boosted its holdings in Green Plains by 2.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the specialty chemicals company’s stock worth $202,000 after acquiring an additional 160 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Green Plains by 2.5% in the first quarter. Principal Financial Group Inc. now owns 294,653 shares of the specialty chemicals company’s stock worth $7,293,000 after acquiring an additional 7,281 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Green Plains by 1.5% in the first quarter. Teachers Advisors LLC now owns 544,247 shares of the specialty chemicals company’s stock worth $13,470,000 after acquiring an additional 8,009 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Green Plains by 2.7% during the first quarter. Legal & General Group Plc now owns 101,184 shares of the specialty chemicals company’s stock valued at $2,500,000 after purchasing an additional 2,658 shares in the last quarter.
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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