California Public Employees Retirement System lowered its position in Green Plains Inc (NASDAQ:GPRE) by 17.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 190,900 shares of the specialty chemicals company’s stock after selling 39,006 shares during the period. California Public Employees Retirement System owned about 0.46% of Green Plains worth $3,207,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of GPRE. Aperio Group LLC acquired a new position in shares of Green Plains in the first quarter worth about $183,000. Cavalier Investments LLC acquired a new position in shares of Green Plains in the first quarter worth about $223,000. Teacher Retirement System of Texas acquired a new position in shares of Green Plains in the fourth quarter worth about $228,000. Virginia Retirement Systems ET AL acquired a new position in shares of Green Plains in the first quarter worth about $234,000. Finally, MetLife Investment Advisors LLC acquired a new position in shares of Green Plains in the fourth quarter worth about $303,000.
In related news, EVP Paul E. Kolomaya sold 8,000 shares of the company’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $20.56, for a total transaction of $164,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.90% of the stock is owned by corporate insiders.
Green Plains opened at $17.05 on Tuesday, according to Marketbeat Ratings. Green Plains Inc has a twelve month low of $15.60 and a twelve month high of $21.90. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.62. The stock has a market cap of $757.31 million, a P/E ratio of -19.83 and a beta of 1.28.
Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Monday, May 7th. The specialty chemicals company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.25). Green Plains had a negative return on equity of 5.27% and a net margin of 1.08%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $926.04 million. During the same quarter last year, the company earned ($0.09) EPS. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. sell-side analysts expect that Green Plains Inc will post -0.36 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, May 25th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 24th. This represents a $0.48 annualized dividend and a dividend yield of 2.82%. Green Plains’s dividend payout ratio (DPR) is presently -55.81%.
GPRE has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Green Plains from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, April 18th. BidaskClub upgraded shares of Green Plains from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Stephens downgraded shares of Green Plains from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 28th. Finally, ValuEngine upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.17.
Green Plains 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.
Want to see what other hedge funds are holding GPRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Plains Inc (NASDAQ:GPRE).
Receive News & Ratings for Green Plains Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains and related companies with MarketBeat.com's FREE daily email newsletter.