California Public Employees Retirement System grew its position in shares of Green Plains Inc. (NASDAQ:GPRE) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 229,906 shares of the specialty chemicals company’s stock after purchasing an additional 7,878 shares during the period. California Public Employees Retirement System owned 0.56% of Green Plains worth $3,874,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in GPRE. Public Employees Retirement System of Ohio raised its holdings in Green Plains by 1.4% in the second quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock valued at $156,000 after buying an additional 104 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Green Plains by 5.4% during the second quarter. The Manufacturers Life Insurance Company now owns 29,433 shares of the specialty chemicals company’s stock valued at $605,000 after purchasing an additional 1,513 shares during the period. Bank of Montreal Can raised its stake in shares of Green Plains by 29.2% during the fourth quarter. Bank of Montreal Can now owns 25,620 shares of the specialty chemicals company’s stock valued at $432,000 after purchasing an additional 5,793 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Green Plains by 26.4% during the third quarter. Municipal Employees Retirement System of Michigan now owns 28,200 shares of the specialty chemicals company’s stock valued at $568,000 after purchasing an additional 5,890 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Green Plains by 9.0% during the third quarter. Legal & General Group Plc now owns 118,852 shares of the specialty chemicals company’s stock valued at $2,393,000 after purchasing an additional 9,787 shares during the period.
Shares of NASDAQ GPRE traded down $0.22 during midday trading on Friday, reaching $16.43. 367,518 shares of the company traded hands, compared to its average volume of 536,641. Green Plains Inc. has a 52 week low of $15.60 and a 52 week high of $26.05. The company has a quick ratio of 0.56, a current ratio of 1.36 and a debt-to-equity ratio of 0.72. The stock has a market cap of $681.51, a P/E ratio of -19.10, a P/E/G ratio of 3.14 and a beta of 1.39.
Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Wednesday, February 7th. The specialty chemicals company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.01. Green Plains had a net margin of 1.70% and a negative return on equity of 3.33%. The business had revenue of $920.98 million for the quarter, compared to analysts’ expectations of $953.30 million. During the same period in the previous year, the business earned $0.47 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. sell-side analysts anticipate that Green Plains Inc. will post 0.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Thursday, February 22nd. Green Plains’s dividend payout ratio (DPR) is presently -55.81%.
GPRE has been the subject of a number of recent analyst reports. Piper Jaffray reissued a “buy” rating and set a $27.00 price target on shares of Green Plains in a research report on Wednesday, February 7th. Zacks Investment Research raised shares of Green Plains from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. BidaskClub raised shares of Green Plains from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, ValuEngine raised shares of Green Plains from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $26.20.
In other Green Plains news, EVP Michael A. Metzler sold 21,053 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $19.00, for a total value of $400,007.00. Following the sale, the executive vice president now directly owns 41,771 shares in the company, valued at $793,649. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michelle Mapes sold 7,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $19.27, for a total transaction of $134,890.00. Following the completion of the sale, the insider now owns 35,515 shares in the company, valued at $684,374.05. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by insiders.
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Green Plains Company Profile
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.
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