Green Plains, Inc. (GPRE) Shares Bought by Rhumbline Advisers
Rhumbline Advisers raised its stake in shares of Green Plains, Inc. (NASDAQ:GPRE) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,094 shares of the specialty chemicals company’s stock after buying an additional 2,149 shares during the quarter. Rhumbline Advisers owned about 0.19% of Green Plains worth $1,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in Green Plains by 7.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,022 shares of the specialty chemicals company’s stock valued at $100,000 after buying an additional 270 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Green Plains by 85.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,289 shares of the specialty chemicals company’s stock valued at $149,000 after buying an additional 3,369 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in Green Plains by 2.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the specialty chemicals company’s stock valued at $202,000 after buying an additional 160 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in Green Plains during the 1st quarter valued at approximately $204,000. Finally, Mason Street Advisors LLC grew its holdings in Green Plains by 6.5% during the 1st quarter. Mason Street Advisors LLC now owns 8,303 shares of the specialty chemicals company’s stock valued at $205,000 after buying an additional 506 shares in the last quarter.
A number of equities research analysts have issued reports on GPRE shares. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Green Plains in a report on Wednesday, July 26th. Jefferies Group LLC cut their price objective on shares of Green Plains from $32.00 to $28.00 and set a “buy” rating for the company in a report on Monday, July 10th. BidaskClub lowered shares of Green Plains from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Zacks Investment Research lowered shares of Green Plains from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 4th. Finally, Roth Capital set a $27.00 price objective on shares of Green Plains and gave the company a “buy” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Green Plains currently has an average rating of “Buy” and an average target price of $27.50.
Shares of Green Plains, Inc. (NASDAQ:GPRE) opened at 20.35 on Tuesday. The company has a 50-day moving average price of $18.48 and a 200-day moving average price of $21.33. The company has a market capitalization of $844.20 million, a P/E ratio of 119.01 and a beta of 1.44. Green Plains, Inc. has a 12 month low of $16.35 and a 12 month high of $29.85.
Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.29). Green Plains had a return on equity of 0.68% and a net margin of 0.19%. The firm had revenue of $886.30 million for the quarter, compared to analysts’ expectations of $986.88 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, analysts forecast that Green Plains, Inc. will post ($0.28) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, August 28th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.36%. The ex-dividend date was Thursday, August 24th. Green Plains’s payout ratio is currently 282.35%.
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In other Green Plains news, Director Alain Treuer sold 25,900 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $19.51, for a total value of $505,309.00. Following the completion of the sale, the director now directly owns 336,008 shares in the company, valued at approximately $6,555,516.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 28,112 shares of company stock valued at $547,387. 6.40% of the stock is owned by company insiders.
Green Plains Profile
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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