Stifel Nicolaus reiterated their buy rating on shares of Green Plains Partners LP (NASDAQ:GPP) in a research note released on Friday. The brokerage currently has a $22.00 price target on the transportation company’s stock.

A number of other brokerages also recently weighed in on GPP. Royal Bank Of Canada reiterated a buy rating and issued a $22.00 target price on shares of Green Plains Partners in a report on Tuesday, June 6th. Zacks Investment Research upgraded Green Plains Partners from a hold rating to a buy rating and set a $22.00 target price for the company in a report on Wednesday, May 3rd. Finally, ValuEngine downgraded Green Plains Partners from a strong-buy rating to a buy rating in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $21.50.

Shares of Green Plains Partners (NASDAQ GPP) opened at 20.70 on Friday. The stock has a 50 day moving average price of $19.02 and a 200-day moving average price of $19.58. The company has a market capitalization of $658.26 million, a PE ratio of 11.27 and a beta of 0.94. Green Plains Partners has a 52 week low of $17.03 and a 52 week high of $21.75.

Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings data on Monday, July 31st. The transportation company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.10. The company had revenue of $25.10 million during the quarter, compared to analyst estimates of $29.62 million. Green Plains Partners had a negative return on equity of 129.01% and a net margin of 55.59%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities research analysts expect that Green Plains Partners will post $1.99 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Friday, August 4th will be issued a $0.45 dividend. This is an increase from Green Plains Partners’s previous quarterly dividend of $0.44. This represents a $1.80 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date is Wednesday, August 2nd. Green Plains Partners’s payout ratio is presently 96.17%.

A number of large investors have recently modified their holdings of the company. UBS Group AG increased its stake 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 worth $6,738,000 after buying an additional 2,301 shares during the last quarter. Renaissance Technologies LLC increased its stake 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 worth $2,532,000 after buying an additional 29,197 shares during the last quarter. Mondrian Investment Partners LTD acquired a new stake in shares of Green Plains Partners during the first quarter worth $1,741,000. Guggenheim Capital LLC increased its stake in shares of Green Plains Partners by 9.6% in the fourth quarter. Guggenheim Capital LLC now owns 67,940 shares of the transportation company’s stock worth $1,345,000 after buying an additional 5,945 shares during the last quarter. Finally, Walnut Private Equity Partners LLC increased its stake 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 worth $561,000 after buying an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

About Green Plains Partners

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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