SG Americas Securities LLC trimmed its holdings in shares of Green Plains Inc (NASDAQ:GPRE) by 11.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,391 shares of the specialty chemicals company’s stock after selling 4,584 shares during the quarter. SG Americas Securities LLC owned 0.09% of Green Plains worth $713,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. grew its holdings in Green Plains by 3.8% during the second quarter. BlackRock Inc. now owns 4,606,262 shares of the specialty chemicals company’s stock valued at $94,658,000 after purchasing an additional 167,047 shares during the period. Dimensional Fund Advisors LP grew its holdings in Green Plains by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,363,355 shares of the specialty chemicals company’s stock valued at $69,117,000 after purchasing an additional 140,096 shares during the period. Vanguard Group Inc. grew its holdings in Green Plains by 4.9% during the second quarter. Vanguard Group Inc. now owns 2,780,334 shares of the specialty chemicals company’s stock valued at $57,136,000 after purchasing an additional 130,424 shares during the period. Northern Trust Corp grew its holdings in Green Plains by 51.8% during the second quarter. Northern Trust Corp now owns 1,083,248 shares of the specialty chemicals company’s stock valued at $22,260,000 after purchasing an additional 369,744 shares during the period. Finally, Private Management Group Inc. bought a new position in Green Plains during the third quarter valued at $19,315,000.
In related news, Director Wayne Hoovestol purchased 102,653 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average cost of $16.37 per share, with a total value of $1,680,429.61. Following the completion of the acquisition, the director now directly owns 218,277 shares of the company’s stock, valued at $3,573,194.49. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ejnar A. Knudsen III purchased 15,483 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was bought at an average cost of $16.54 per share, with a total value of $256,088.82. The disclosure for this purchase can be found here. Insiders bought 148,136 shares of company stock valued at $2,439,918 over the last ninety days. Corporate insiders own 6.40% of the company’s stock.
Green Plains Inc (GPRE) opened at $16.25 on Thursday. Green Plains Inc has a twelve month low of $15.60 and a twelve month 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 posted its quarterly earnings results on Wednesday, November 1st. The specialty chemicals company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $933.36 million. During the same period in the previous year, the business earned $0.20 earnings per share. Green Plains’s revenue was up 7.0% on a year-over-year basis. research analysts anticipate that Green Plains Inc will post -0.66 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 27th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, November 24th. Green Plains’s payout ratio is currently 67.61%.
Several brokerages have weighed in on GPRE. ValuEngine raised Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Piper Jaffray Companies reissued a “hold” rating and set a $19.00 price objective on shares of Green Plains in a report on Tuesday, September 5th. Zacks Investment Research lowered Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. BidaskClub lowered Green Plains from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, Craig Hallum began coverage on Green Plains in a report on Thursday, September 14th. They set a “buy” rating and a $29.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $25.33.
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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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