46,064 Shares in Green Plains Inc. (NASDAQ:GPRE) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in shares of Green Plains Inc. (NASDAQ:GPRE) during the 4th quarter, Holdings Channel reports. The institutional investor bought 46,064 shares of the specialty chemicals company’s stock, valued at approximately $1,162,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GPRE. Covestor Ltd raised its stake in Green Plains by 50.4% in the third quarter. Covestor Ltd now owns 2,546 shares of the specialty chemicals company’s stock valued at $76,000 after buying an additional 853 shares during the period. iA Global Asset Management Inc. bought a new stake in Green Plains in the third quarter valued at approximately $164,000. Seven Eight Capital LP bought a new stake in Green Plains in the third quarter valued at approximately $246,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Green Plains by 24.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,580 shares of the specialty chemicals company’s stock valued at $288,000 after buying an additional 1,865 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Green Plains by 30.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,461 shares of the specialty chemicals company’s stock valued at $314,000 after buying an additional 2,881 shares during the period.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group decreased their target price on Green Plains from $33.50 to $31.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. TheStreet downgraded Green Plains from a “c-” rating to a “d+” rating in a research report on Wednesday, February 7th. Truist Financial reaffirmed a “buy” rating and issued a $35.00 target price on shares of Green Plains in a research report on Tuesday, March 26th. The Goldman Sachs Group decreased their target price on Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $55.00 target price on shares of Green Plains in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.40.

Green Plains Price Performance

Shares of GPRE stock traded down $0.59 during trading hours on Thursday, reaching $21.16. The company’s stock had a trading volume of 945,981 shares, compared to its average volume of 1,211,637. The firm’s 50 day simple moving average is $21.88 and its 200-day simple moving average is $23.79. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -13.06 and a beta of 1.60. Green Plains Inc. has a fifty-two week low of $19.44 and a fifty-two week high of $36.02. The company has a quick ratio of 1.34, a current ratio of 1.90 and a debt-to-equity ratio of 0.50.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Wednesday, February 7th. The specialty chemicals company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. The firm had revenue of $712.39 million during the quarter, compared to the consensus estimate of $782.01 million. During the same quarter in the previous year, the company posted ($0.66) earnings per share. The firm’s revenue was down 22.1% on a year-over-year basis. Sell-side analysts forecast that Green Plains Inc. will post 0.47 earnings per share for the current year.

Insider Activity

In other news, Director Ejnar A. Knudsen III purchased 4,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $24.73 per share, for a total transaction of $98,920.00. Following the purchase, the director now owns 40,913 shares of the company’s stock, valued at $1,011,778.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is owned by corporate insiders.

Green Plains Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.