QS Investors LLC Continues to Hold Stake in Green Plains, Inc. (GPRE)
QS Investors LLC maintained its position in Green Plains, Inc. (NASDAQ:GPRE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,744 shares of the specialty chemicals company’s stock at the end of the 2nd quarter. QS Investors LLC owned 0.13% of Green Plains worth $1,084,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bayesian Capital Management LP purchased a new stake in shares of Green Plains in the second quarter worth approximately $255,000. Voya Investment Management LLC lifted its position in shares of Green Plains by 173.9% in the second quarter. Voya Investment Management LLC now owns 45,213 shares of the specialty chemicals company’s stock worth $929,000 after purchasing an additional 28,703 shares in the last quarter. OxFORD Asset Management LLP lifted its position in shares of Green Plains by 81.4% in the second quarter. OxFORD Asset Management LLP now owns 48,384 shares of the specialty chemicals company’s stock worth $994,000 after purchasing an additional 21,717 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Green Plains by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,363,355 shares of the specialty chemicals company’s stock worth $69,117,000 after purchasing an additional 140,096 shares in the last quarter. Finally, Suntrust Banks Inc. lifted its position in shares of Green Plains by 2.3% in the second quarter. Suntrust Banks Inc. now owns 16,423 shares of the specialty chemicals company’s stock worth $337,000 after purchasing an additional 370 shares in the last quarter.
A number of analysts have recently issued reports on GPRE shares. Jefferies Group LLC reissued a “buy” rating and issued a $25.00 price target (down from $28.00) on shares of Green Plains in a research report on Wednesday, August 2nd. Roth Capital set a $27.00 price target on shares of Green Plains and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Craig Hallum started coverage on shares of Green Plains in a research report on Thursday, September 14th. They issued a “buy” rating and a $29.00 price target for the company. Piper Jaffray Companies reissued a “hold” rating and issued a $19.00 price target on shares of Green Plains in a research report on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of Green Plains from a “strong sell” rating to a “hold” rating in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $26.50.
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Green Plains, Inc. (NASDAQ GPRE) opened at 19.25 on Friday. The company has a market cap of $798.57 million, a price-to-earnings ratio of 112.57 and a beta of 1.37. Green Plains, Inc. has a 12 month low of $16.35 and a 12 month high of $29.85. The company’s 50-day moving average is $19.39 and its 200 day moving average is $20.98.
Green Plains (NASDAQ:GPRE) last released its earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.29). The firm had revenue of $886.30 million during the quarter, compared to the consensus estimate of $986.88 million. Green Plains had a net margin of 0.19% and a return on equity of 0.68%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. Equities analysts forecast that Green Plains, Inc. will post ($0.29) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, August 28th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.49%. The ex-dividend date was Thursday, August 24th. Green Plains’s payout ratio is 282.35%.
Green Plains 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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