Green Plains Sees Unusually Large Options Volume (GPRE)
Green Plains Inc (NASDAQ:GPRE) was the target of unusually large options trading on Monday. Stock investors purchased 1,090 call options on the company. This is an increase of approximately 891% compared to the typical daily volume of 110 call options.
Shares of Green Plains (NASDAQ:GPRE) opened at $16.30 on Thursday. Green Plains has a twelve month low of $15.60 and a twelve month high of $29.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.70 and a current ratio of 1.57.
Green Plains (NASDAQ:GPRE) last issued its earnings results on Wednesday, November 1st. The specialty chemicals company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.47). The business had revenue of $901.20 million during the quarter, compared to analyst estimates of $933.36 million. Green Plains had a net margin of 0.92% and a negative return on equity of 0.88%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS. research analysts predict that Green Plains will post -0.66 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 27th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Friday, November 24th. Green Plains’s dividend payout ratio is presently 67.61%.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Green Plains from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Piper Jaffray Companies set a $19.00 target price on Green Plains and gave the company a “hold” rating in a report on Friday, October 6th. Craig Hallum assumed coverage on Green Plains in a report on Thursday, September 14th. They issued a “buy” rating and a $29.00 target price on the stock. ValuEngine raised Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $25.00 target price (down previously from $28.00) on shares of Green Plains in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $25.33.
In related news, Director Wayne Hoovestol purchased 102,653 shares of Green Plains stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average price of $16.37 per share, with a total value of $1,680,429.61. Following the completion of the transaction, the director now directly owns 218,277 shares of the company’s stock, valued at approximately $3,573,194.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John W. Neppl purchased 30,000 shares of Green Plains stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average cost of $16.78 per share, for a total transaction of $503,400.00. Following the transaction, the chief financial officer now directly owns 38,474 shares of the company’s stock, valued at $645,593.72. The disclosure for this purchase can be found here. Corporate insiders own 6.40% of the company’s stock.
Hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Green Plains by 44,650.2% during the 1st quarter. BlackRock Inc. now owns 4,439,215 shares of the specialty chemicals company’s stock valued at $109,870,000 after acquiring an additional 4,429,295 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Green Plains by 70.0% during the 3rd quarter. Van ECK Associates Corp now owns 3,588,878 shares of the specialty chemicals company’s stock valued at $72,316,000 after acquiring an additional 1,478,073 shares in the last quarter. Private Management Group Inc. acquired a new stake in shares of Green Plains during the 3rd quarter valued at $19,315,000. JPMorgan Chase & Co. boosted its holdings in shares of Green Plains by 310.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 596,075 shares of the specialty chemicals company’s stock valued at $12,249,000 after acquiring an additional 450,995 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Green Plains by 51.8% during the 2nd quarter. Northern Trust Corp now owns 1,083,248 shares of the specialty chemicals company’s stock valued at $22,260,000 after acquiring an additional 369,744 shares in the last quarter.
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Green Plains Company 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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