Van ECK Associates Corp raised its holdings in Green Plains, Inc. (NASDAQ:GPRE) by 70.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,588,878 shares of the specialty chemicals company’s stock after buying an additional 1,478,073 shares during the quarter. Van ECK Associates Corp owned 8.72% of Green Plains worth $72,316,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. State of Alaska Department of Revenue grew its holdings in shares of Green Plains by 85.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,289 shares of the specialty chemicals company’s stock worth $149,000 after purchasing an additional 3,369 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Green Plains by 1.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock worth $156,000 after purchasing an additional 104 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of Green Plains in the 1st quarter worth about $204,000. Bayesian Capital Management LP bought a new stake in shares of Green Plains in the 2nd quarter worth about $255,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of Green Plains in the 2nd quarter worth about $305,000.

GPRE has been the topic of several analyst reports. Zacks Investment Research lowered shares of Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $19.00 target price on shares of Green Plains in a report on Tuesday, September 5th. Craig Hallum initiated coverage on shares of Green Plains in a report on Thursday, September 14th. They issued a “buy” rating and a $29.00 target price on the stock. Roth Capital set a $25.00 target price on shares of Green Plains and gave the stock a “buy” rating in a report on Tuesday, October 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $25.00 target price (down previously from $30.00) on shares of Green Plains in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $25.33.

Shares of Green Plains, Inc. (NASDAQ:GPRE) opened at $16.60 on Friday. Green Plains, Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $29.85. The company has a current ratio of 1.57, a quick ratio of 0.70 and a debt-to-equity ratio of 0.82.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Wednesday, November 1st. The specialty chemicals company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.47). Green Plains had a negative return on equity of 0.88% and a net margin of 0.92%. The company had revenue of $901.20 million for the quarter, compared to the consensus estimate of $933.36 million. During the same period in the prior year, the company earned $0.20 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. equities research analysts forecast that Green Plains, Inc. will post -0.52 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 27th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Friday, November 24th. Green Plains’s dividend payout ratio is currently 67.61%.

In related news, Director Wayne Hoovestol acquired 102,653 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were purchased at an average price of $16.37 per share, with a total value of $1,680,429.61. Following the acquisition, the director now directly owns 218,277 shares in the company, valued at $3,573,194.49. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John W. Neppl acquired 30,000 shares of the firm’s stock in a transaction 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 acquisition, the chief financial officer now owns 38,474 shares in the company, valued at $645,593.72. The disclosure for this purchase can be found here. 6.40% of the stock is owned by corporate insiders.

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About Green Plains

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.

Institutional Ownership by Quarter for Green Plains (NASDAQ:GPRE)

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