Brandywine Global Investment Management LLC cut its holdings in Green Plains, Inc. (NASDAQ:GPRE) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,091 shares of the specialty chemicals company’s stock after selling 2,761 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.35% of Green Plains worth $3,023,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Karp Capital Management Corp bought a new position in Green Plains in the first quarter valued at about $249,000. Point72 Asset Management L.P. raised its position in Green Plains by 102.5% in the first quarter. Point72 Asset Management L.P. now owns 3,323,106 shares of the specialty chemicals company’s stock valued at $82,247,000 after purchasing an additional 1,682,049 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Green Plains by 2.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,032 shares of the specialty chemicals company’s stock valued at $224,000 after purchasing an additional 190 shares during the last quarter. AQR Capital Management LLC raised its position in Green Plains by 162.4% in the first quarter. AQR Capital Management LLC now owns 61,333 shares of the specialty chemicals company’s stock valued at $1,517,000 after purchasing an additional 37,956 shares during the last quarter. Finally, Kennedy Capital Management Inc. bought a new position in Green Plains in the second quarter valued at about $5,208,000.

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Several equities analysts have commented on GPRE shares. Zacks Investment Research downgraded Green Plains from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 4th. Jefferies Group LLC dropped their target price on Green Plains from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, July 10th. BidaskClub downgraded Green Plains from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies reiterated a “hold” rating and issued a $28.00 target price on shares of Green Plains in a research report on Friday, July 14th. Finally, ValuEngine downgraded Green Plains from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.50.

Green Plains, Inc. (NASDAQ:GPRE) opened at 20.05 on Friday. The company has a market capitalization of $831.75 million, a P/E ratio of 117.25 and a beta of 1.37. Green Plains, Inc. has a 12 month low of $16.35 and a 12 month high of $29.85. The stock’s 50 day moving average price is $19.09 and its 200-day moving average price is $21.08.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.29). The company had revenue of $886.30 million for the quarter, compared to analysts’ expectations of $986.88 million. Green Plains had a net margin of 0.19% and a return on equity of 0.68%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. On average, equities research analysts predict that Green Plains, Inc. will post ($0.29) EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Monday, August 28th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.39%. The ex-dividend date was Thursday, August 24th. Green Plains’s dividend payout ratio is presently 282.35%.

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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Institutional Ownership by Quarter for Green Plains (NASDAQ:GPRE)

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