Green Plains Inc (GPRE) Insider Todd A. Becker Buys 9,000 Shares of Stock
Green Plains Inc (NASDAQ:GPRE) insider Todd A. Becker acquired 9,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were bought at an average cost of $16.74 per share, with a total value of $150,660.00. Following the completion of the acquisition, the insider now directly owns 716,588 shares in the company, valued at approximately $11,995,683.12. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Green Plains Inc (NASDAQ GPRE) opened at $17.00 on Wednesday. The stock has a market capitalization of $689.47, a P/E ratio of 23.94 and a beta of 1.52. 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 Inc has a twelve month low of $15.60 and a twelve month high of $29.10.
Green Plains (NASDAQ:GPRE) last released its earnings results on Wednesday, November 1st. The specialty chemicals company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.47). The business had revenue of $901.20 million during the quarter, compared to the consensus estimate 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 revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 earnings per share. analysts anticipate that Green Plains Inc will post -0.66 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Green Plains by 3.8% in the second quarter. BlackRock Inc. now owns 4,606,262 shares of the specialty chemicals company’s stock valued at $94,658,000 after acquiring an additional 167,047 shares in the last quarter. Van ECK Associates Corp lifted its stake in Green Plains by 70.0% in the third quarter. Van ECK Associates Corp now owns 3,588,878 shares of the specialty chemicals company’s stock valued at $72,316,000 after purchasing an additional 1,478,073 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Green Plains by 4.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,503,869 shares of the specialty chemicals company’s stock valued at $70,603,000 after purchasing an additional 140,514 shares during the last quarter. Vanguard Group Inc. lifted its stake in Green Plains by 4.9% in the second quarter. Vanguard Group Inc. now owns 2,780,334 shares of the specialty chemicals company’s stock valued at $57,136,000 after purchasing an additional 130,424 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Green Plains by 51.8% in the second quarter. Northern Trust Corp now owns 1,083,248 shares of the specialty chemicals company’s stock valued at $22,260,000 after purchasing an additional 369,744 shares during the last quarter.
A number of brokerages have commented on GPRE. ValuEngine raised Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Roth Capital set a $25.00 price objective on Green Plains and gave the stock a “buy” rating in a report on Tuesday, October 24th. Piper Jaffray Companies set a $19.00 price objective on Green Plains and gave the stock a “hold” rating in a report on Friday, October 6th. BMO Capital Markets reissued an “outperform” rating and set a $25.00 price objective (down from $30.00) on shares of Green Plains in a report on Monday, November 6th. Finally, Craig Hallum began coverage on Green Plains in a report on Thursday, September 14th. They set a “buy” rating and a $29.00 price objective for the company. 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’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.33.
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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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