Zacks Investment Research downgraded shares of Green Plains Partners (NASDAQ:GPP) from a hold rating to a strong sell rating in a research report released on Wednesday.

According to Zacks, “Green Plains Partners LP provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP is based in Omaha, Nebraska. “

GPP has been the subject of several other reports. Stifel Nicolaus cut shares of Green Plains Partners from a buy rating to a hold rating and decreased their target price for the company from $21.00 to $20.00 in a research note on Friday, November 3rd. BidaskClub raised shares of Green Plains Partners from a strong sell rating to a sell rating in a research note on Thursday, December 21st. Robert W. Baird reissued a buy rating and issued a $24.00 target price on shares of Green Plains Partners in a research note on Friday, November 3rd. Finally, Roth Capital set a $24.00 target price on shares of Green Plains Partners and gave the company a buy rating in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Green Plains Partners presently has a consensus rating of Hold and a consensus target price of $21.80.

Green Plains Partners (NASDAQ GPP) traded up $0.20 during midday trading on Wednesday, hitting $18.20. 26,347 shares of the stock were exchanged, compared to its average volume of 69,292. Green Plains Partners has a 12 month low of $16.50 and a 12 month high of $21.15. 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 firm has a market capitalization of $289.78, a P/E ratio of 10.06, a PEG ratio of 0.61 and a beta of 0.92.

Green Plains Partners (NASDAQ:GPP) last released its earnings results on Wednesday, November 1st. The transportation company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.04). Green Plains Partners had a net margin of 55.10% and a negative return on equity of 92.23%. The firm had revenue of $26.45 million during the quarter, compared to the consensus estimate of $28.36 million. During the same period in the prior year, the business posted $0.44 earnings per share. Green Plains Partners’s quarterly revenue was up .9% compared to the same quarter last year. sell-side analysts predict that Green Plains Partners will post 1.79 earnings per share for the current fiscal year.

In other Green Plains Partners news, EVP Michelle Mapes sold 2,692 shares of Green Plains Partners stock in a transaction on Monday, December 11th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Clayton E. Killinger acquired 2,850 shares of Green Plains Partners stock in a transaction on Monday, December 18th. The shares were bought at an average cost of $17.48 per share, with a total value of $49,818.00. Following the completion of the transaction, the director now owns 27,987 shares of the company’s stock, valued at $489,212.76. The disclosure for this purchase can be found here.

A number of hedge funds have recently added to or reduced their stakes in GPP. Acrospire Investment Management LLC boosted its position in Green Plains Partners by 54.7% during the second quarter. Acrospire Investment Management LLC now owns 6,370 shares of the transportation company’s stock worth $119,000 after purchasing an additional 2,252 shares during the period. Arrow Investment Advisors LLC bought a new position in Green Plains Partners during the second quarter worth $638,000. GSA Capital Partners LLP boosted its position in Green Plains Partners by 13.5% during the second quarter. GSA Capital Partners LLP now owns 48,056 shares of the transportation company’s stock worth $899,000 after purchasing an additional 5,718 shares during the period. Citigroup Inc. boosted its position in Green Plains Partners by 0.8% during the second quarter. Citigroup Inc. now owns 64,311 shares of the transportation company’s stock worth $1,203,000 after purchasing an additional 486 shares during the period. Finally, WealthPLAN Partners LLC bought a new position in Green Plains Partners during the second quarter worth $210,000. 44.24% of the stock is owned by hedge funds and other institutional investors.

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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).

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