SNS Financial Group LLC raised its position in Green Plains Partners LP (NASDAQ:GPP) by 30.8% during the 4th quarter, Holdings Channel reports. The firm owned 353,113 shares of the transportation company’s stock after acquiring an additional 83,113 shares during the period. Green Plains Partners accounts for about 1.6% of SNS Financial Group LLC’s portfolio, making the stock its 18th largest position. SNS Financial Group LLC’s holdings in Green Plains Partners were worth $6,603,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in Green Plains Partners in the 4th quarter valued at about $312,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Green Plains Partners by 22.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 33,076 shares of the transportation company’s stock valued at $619,000 after purchasing an additional 6,073 shares during the last quarter. Sigma Planning Corp lifted its holdings in shares of Green Plains Partners by 14.2% in the 4th quarter. Sigma Planning Corp now owns 34,629 shares of the transportation company’s stock worth $648,000 after acquiring an additional 4,294 shares during the last quarter. Mondrian Investment Partners LTD lifted its holdings in shares of Green Plains Partners by 11.7% in the 4th quarter. Mondrian Investment Partners LTD now owns 200,552 shares of the transportation company’s stock worth $3,750,000 after acquiring an additional 20,956 shares during the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of Green Plains Partners in the 3rd quarter worth approximately $250,000. Institutional investors own 44.36% of the company’s stock.
In related news, EVP Michelle Mapes sold 2,692 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 33,148 shares of the company’s stock, valued at approximately $633,126.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Clayton E. Killinger bought 2,850 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were acquired at an average cost of $17.48 per share, for a total transaction of $49,818.00. Following the completion of the purchase, the director now owns 27,987 shares in the company, valued at $489,212.76. The disclosure for this purchase can be found here.
Several equities analysts have recently commented on GPP shares. Stifel Nicolaus upgraded shares of Green Plains Partners from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Friday, February 9th. Zacks Investment Research upgraded shares of Green Plains Partners from a “strong sell” rating to a “hold” rating in a report on Monday, February 12th. BidaskClub lowered shares of Green Plains Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, January 13th. Roth Capital set a $24.00 price objective on shares of Green Plains Partners and gave the stock a “buy” rating in a report on Tuesday, October 24th. Finally, ValuEngine lowered shares of Green Plains Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Green Plains Partners presently has a consensus rating of “Hold” and a consensus price target of $21.80.
Green Plains Partners LP (NASDAQ:GPP) opened at $18.00 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of -2.15. Green Plains Partners LP has a fifty-two week low of $16.50 and a fifty-two week high of $21.00. The company has a market cap of $286.60, a P/E ratio of 9.94, a PEG ratio of 0.60 and a beta of 0.74.
Green Plains Partners (NASDAQ:GPP) last issued its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. Green Plains Partners had a net margin of 55.02% and a negative return on equity of 92.54%. The firm had revenue of $28.25 million for the quarter, compared to analyst estimates of $28.22 million. During the same period in the prior year, the business posted $0.50 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. research analysts anticipate that Green Plains Partners LP will post 2 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, February 2nd were paid a dividend of $0.47 per share. This is an increase from Green Plains Partners’s previous quarterly dividend of $0.46. This represents a $1.88 annualized dividend and a yield of 10.44%. The ex-dividend date was Thursday, February 1st. Green Plains Partners’s dividend payout ratio is presently 103.87%.
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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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