ValuEngine cut shares of Green Plains Partners (NASDAQ:GPP) from a strong-buy rating to a buy rating in a research note released on Friday morning.

Other analysts have also recently issued reports about the company. Zacks Investment Research cut Green Plains Partners from a hold rating to a strong sell rating in a report on Wednesday, January 10th. BidaskClub cut Green Plains Partners from a hold rating to a sell rating in a report on Wednesday, October 18th. Roth Capital set a $24.00 price target on Green Plains Partners and gave the company a buy rating in a report on Tuesday, October 24th. Robert W. Baird reissued a buy rating and issued a $24.00 price target on shares of Green Plains Partners in a report on Friday, November 3rd. Finally, Stifel Nicolaus reissued a buy rating and issued a $21.00 price target on shares of Green Plains Partners in a report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Green Plains Partners has a consensus rating of Hold and an average price target of $21.80.

Shares of Green Plains Partners (NASDAQ GPP) opened at $16.95 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of -2.13. The company has a market capitalization of $269.88, a P/E ratio of 9.36, a PEG ratio of 0.57 and a beta of 0.74. Green Plains Partners has a 1-year low of $16.50 and a 1-year high of $21.00.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, February 2nd will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, February 1st. This is a boost from Green Plains Partners’s previous quarterly dividend of $0.46. This represents a $1.88 annualized dividend and a yield of 11.09%. Green Plains Partners’s payout ratio is currently 103.87%.

In related news, EVP Michelle Mapes sold 2,692 shares of Green Plains Partners stock in a transaction on Monday, December 11th. The stock was sold at an average price of $19.10, for a total transaction of $51,417.20. Following the completion of the transaction, the executive vice president now directly owns 33,148 shares of the company’s stock, valued at $633,126.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Clayton E. Killinger acquired 2,850 shares of Green Plains Partners stock in a transaction that occurred on Monday, December 18th. The shares were purchased at an average cost of $17.48 per share, with a total value of $49,818.00. Following the completion of the acquisition, the director now owns 27,987 shares of the company’s stock, valued at approximately $489,212.76. The disclosure for this purchase can be found here.

Institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp purchased a new position in Green Plains Partners during the third quarter worth $250,000. Arrowstreet Capital Limited Partnership purchased a new position in Green Plains Partners during the second quarter worth $327,000. Raymond James Financial Services Advisors Inc. increased its position in Green Plains Partners by 67.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 22,776 shares of the transportation company’s stock worth $426,000 after buying an additional 9,141 shares in the last quarter. Sigma Planning Corp increased its position in Green Plains Partners by 12.8% during the third quarter. Sigma Planning Corp now owns 30,335 shares of the transportation company’s stock worth $610,000 after buying an additional 3,449 shares in the last quarter. Finally, Arrow Investment Advisors LLC increased its position in Green Plains Partners by 16.7% during the third quarter. Arrow Investment Advisors LLC now owns 39,844 shares of the transportation company’s stock worth $801,000 after buying an additional 5,714 shares in the last quarter. 44.36% of the stock is owned by institutional investors.

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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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Analyst Recommendations for Green Plains Partners (NASDAQ:GPP)

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