BidaskClub upgraded shares of Green Plains (NASDAQ:GPRE) from a strong sell rating to a sell rating in a report published on Wednesday morning, BidAskClub reports.

Several other research analysts also recently commented on GPRE. Craig Hallum dropped their price target on Green Plains from $24.00 to $19.00 and set a buy rating on the stock in a research report on Tuesday, February 12th. ValuEngine raised Green Plains from a sell rating to a hold rating in a research report on Thursday, February 14th. Finally, Zacks Investment Research downgraded Green Plains from a hold rating to a sell rating in a research report on Monday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $17.50.

Shares of NASDAQ GPRE opened at $12.02 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 0.49 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $503.67 million, a price-to-earnings ratio of -5.54 and a beta of 1.38. Green Plains has a 12 month low of $11.35 and a 12 month high of $21.00.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Wednesday, May 8th. The specialty chemicals company reported ($1.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by ($0.68). The business had revenue of $642.30 million during the quarter, compared to the consensus estimate of $779.84 million. Green Plains had a negative return on equity of 10.48% and a negative net margin of 0.08%. The business’s quarterly revenue was down 38.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.60) earnings per share. On average, research analysts forecast that Green Plains will post -0.3 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.99%. The ex-dividend date was Thursday, May 23rd. Green Plains’s dividend payout ratio is currently -22.12%.

In other news, EVP Paul E. Kolomaya sold 2,000 shares of Green Plains stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $16.97, for a total transaction of $33,940.00. Following the sale, the executive vice president now owns 81,859 shares of the company’s stock, valued at approximately $1,389,147.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alain Treuer sold 9,029 shares of Green Plains stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $13.06, for a total value of $117,918.74. Following the sale, the director now directly owns 329,173 shares in the company, valued at approximately $4,298,999.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,799 shares of company stock worth $417,180. Company insiders own 5.70% of the company’s stock.

Several large investors have recently made changes to their positions in GPRE. Norges Bank acquired a new stake in shares of Green Plains during the 4th quarter worth approximately $9,877,000. Highbridge Capital Management LLC acquired a new stake in shares of Green Plains during the 4th quarter worth approximately $8,731,000. Renaissance Technologies LLC grew its holdings in shares of Green Plains by 1,726.5% during the 1st quarter. Renaissance Technologies LLC now owns 372,600 shares of the specialty chemicals company’s stock worth $6,215,000 after purchasing an additional 352,200 shares in the last quarter. Donald Smith & CO. Inc. acquired a new stake in shares of Green Plains during the 1st quarter worth approximately $4,055,000. Finally, Penn Capital Management Co. Inc. acquired a new stake in shares of Green Plains during the 4th quarter worth approximately $2,684,000.

About Green Plains

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

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