Mondrian Investment Partners LTD boosted its stake in shares of Green Plains Partners LP (NASDAQ:GPP) by 107.3% during the second quarter, Holdings Channel reports. The institutional investor owned 179,596 shares of the transportation company’s stock after buying an additional 92,963 shares during the period. Mondrian Investment Partners LTD’s holdings in Green Plains Partners were worth $3,358,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Walnut Private Equity Partners LLC raised its position in shares of Green Plains Partners by 50.0% in the second quarter. Walnut Private Equity Partners LLC now owns 30,000 shares of the transportation company’s stock valued at $561,000 after buying an additional 10,000 shares in the last quarter. UBS Group AG raised its position in shares of Green Plains Partners by 0.7% in the first quarter. UBS Group AG now owns 335,212 shares of the transportation company’s stock valued at $6,738,000 after buying an additional 2,301 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Green Plains Partners by 11.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,635 shares of the transportation company’s stock valued at $274,000 after buying an additional 1,417 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new position in shares of Green Plains Partners during the first quarter valued at approximately $322,000. Finally, Renaissance Technologies LLC raised its position in shares of Green Plains Partners by 29.6% in the fourth quarter. Renaissance Technologies LLC now owns 127,884 shares of the transportation company’s stock valued at $2,532,000 after buying an additional 29,197 shares in the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Shares of Green Plains Partners LP (GPP) opened at 18.20 on Friday. The company has a market cap of $579.00 million, a P/E ratio of 10.06 and a beta of 0.98. The company’s 50-day moving average price is $19.04 and its 200-day moving average price is $19.47. Green Plains Partners LP has a 12 month low of $17.05 and a 12 month high of $21.75.

Green Plains Partners (NASDAQ:GPP) last issued its earnings results on Monday, July 31st. The transportation company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.10. The business had revenue of $25.10 million for the quarter, compared to the consensus estimate 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 revenue was down 1.6% compared to the same quarter last year. Equities analysts forecast that Green Plains Partners LP will post $1.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Friday, August 4th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date of this dividend was Wednesday, August 2nd. This is a positive change from Green Plains Partners’s previous quarterly dividend of $0.44. Green Plains Partners’s dividend payout ratio (DPR) is currently 100.00%.

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Several equities analysts have recently commented on the company. Stifel Nicolaus restated a “buy” rating and set a $22.00 price target on shares of Green Plains Partners in a research note on Friday, July 28th. Zacks Investment Research upgraded Green Plains Partners from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, May 3rd. Bank of America Corporation lowered Green Plains Partners from a “buy” rating to an “underperform” rating and cut their price target for the company from $22.00 to $19.00 in a research note on Wednesday, August 2nd. Roth Capital set a $24.00 price target on Green Plains Partners and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $22.00 price objective on shares of Green Plains Partners in a research report on Tuesday, June 6th. Three equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.75.

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).

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Institutional Ownership by Quarter for Green Plains Partners (NASDAQ:GPP)

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