Zacks Investment Research upgraded shares of Green Plains Partners (NASDAQ:GPP) from a sell rating to a hold rating in a report published on Thursday.

According to Zacks, “Green Plains Partners LP provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP is based in Omaha, Nebraska. “

Several other equities analysts have also recently issued reports on the stock. ValuEngine cut shares of Green Plains Partners from a sell rating to a strong sell rating in a research note on Friday, August 3rd. Stifel Nicolaus lowered their price objective on shares of Green Plains Partners from $19.00 to $18.00 and set a buy rating on the stock in a research note on Thursday, August 2nd. Stephens set a $21.00 price objective on shares of Green Plains Partners and gave the stock a buy rating in a research note on Wednesday, July 25th. BidaskClub cut shares of Green Plains Partners from a sell rating to a strong sell rating in a research note on Friday, July 20th. Finally, TheStreet raised shares of Green Plains Partners from a d+ rating to a c+ rating in a research note on Monday, June 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Green Plains Partners has a consensus rating of Hold and an average price target of $19.00.

GPP stock opened at $15.35 on Thursday. Green Plains Partners has a 52 week low of $15.04 and a 52 week high of $20.39. The stock has a market cap of $488.58 million, a price-to-earnings ratio of 8.48, a P/E/G ratio of 0.58 and a beta of 0.57. The company has a debt-to-equity ratio of -2.06, a quick ratio of 1.23 and a current ratio of 1.23.

Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). Green Plains Partners had a negative return on equity of 89.66% and a net margin of 54.40%. The company had revenue of $25.84 million for the quarter, compared to the consensus estimate of $27.16 million. research analysts expect that Green Plains Partners will post 1.76 EPS for the current year.

The firm also recently disclosed a dividend, which will be paid on Monday, October 8th. Stockholders of record on Friday, August 3rd will be paid a $0.475 dividend. The ex-dividend date of this dividend is Thursday, August 2nd. Green Plains Partners’s dividend payout ratio is currently 104.97%.

In other Green Plains Partners news, Director Martin Salinas acquired 6,000 shares of the stock in a transaction dated Friday, August 3rd. The shares were bought at an average price of $16.37 per share, with a total value of $98,220.00. Following the purchase, the director now directly owns 10,590 shares of the company’s stock, valued at approximately $173,358.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Institutional investors have recently added to or reduced their stakes in the company. Luzich Partners LLC purchased a new position in shares of Green Plains Partners in the second quarter worth approximately $2,130,000. UBS Group AG increased its position in shares of Green Plains Partners by 1.1% in the first quarter. UBS Group AG now owns 326,625 shares of the transportation company’s stock worth $5,683,000 after acquiring an additional 3,636 shares in the last quarter. Western Standard LLC purchased a new position in shares of Green Plains Partners in the second quarter worth approximately $366,000. Stifel Financial Corp increased its position in shares of Green Plains Partners by 16.5% in the first quarter. Stifel Financial Corp now owns 24,899 shares of the transportation company’s stock worth $434,000 after acquiring an additional 3,526 shares in the last quarter. Finally, Mondrian Investment Partners LTD increased its position in shares of Green Plains Partners by 15.1% in the first quarter. Mondrian Investment Partners LTD now owns 230,906 shares of the transportation company’s stock worth $4,018,000 after acquiring an additional 30,354 shares in the last quarter. 16.55% of the stock is currently owned by institutional investors and hedge funds.

Green Plains Partners Company Profile

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 39 ethanol storage facilities and approximately 61 acres of land.

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