Shares of Green Plains Partners LP (NASDAQ:GPP) have been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $21.70.

A number of analysts recently weighed in on GPP shares. Stifel Nicolaus reiterated a “buy” rating and set a $22.00 price target on shares of Green Plains Partners in a research note on Friday, June 23rd. ValuEngine cut shares of Green Plains Partners from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research cut shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Roth Capital set a $24.00 price target on shares of Green Plains Partners and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $22.00 price target on shares of Green Plains Partners in a research note on Tuesday, June 6th.

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Institutional investors have recently made changes to their positions in the company. Arrow Investment Advisors LLC purchased a new position in shares of Green Plains Partners during the second quarter worth approximately $638,000. Acrospire Investment Management LLC increased its position in shares of Green Plains Partners by 54.7% in the second quarter. Acrospire Investment Management LLC now owns 6,370 shares of the transportation company’s stock worth $119,000 after buying an additional 2,252 shares during the last quarter. Wedbush Securities Inc. purchased a new position in shares of Green Plains Partners during the second quarter worth approximately $213,000. Sigma Planning Corp purchased a new position in shares of Green Plains Partners during the second quarter worth approximately $503,000. Finally, Mondrian Investment Partners LTD increased its position in shares of Green Plains Partners by 107.3% in the second quarter. Mondrian Investment Partners LTD now owns 179,596 shares of the transportation company’s stock worth $3,358,000 after buying an additional 92,963 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Green Plains Partners (NASDAQ GPP) traded up 0.28% on Friday, hitting $18.20. 8,425 shares of the company’s stock were exchanged. Green Plains Partners has a 12-month low of $17.05 and a 12-month high of $21.75. The company’s 50-day moving average price is $19.05 and its 200-day moving average price is $19.49. The company has a market cap of $579.00 million, a PE ratio of 10.06 and a beta of 0.98.

Green Plains Partners (NASDAQ:GPP) last issued its quarterly earnings results on Monday, July 31st. The transportation company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.10. The business had revenue of $25.10 million for the quarter, compared to analyst estimates of $29.62 million. Green Plains Partners had a negative return on equity of 90.84% and a net margin of 54.97%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts forecast that Green Plains Partners will post $1.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Friday, August 4th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 9.89%. This is an increase from Green Plains Partners’s previous quarterly dividend of $0.44. Green Plains Partners’s dividend payout ratio is presently 100.00%.

Green Plains Partners Company Profile

Green Plains Partners LP provides fuel storage and transportation services. The Company owns, operates, develops and acquires ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).

Analyst Recommendations for Green Plains Partners (NASDAQ:GPP)

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