Green Plains (NASDAQ:GPRE) Shares Up 7.1%

Green Plains Inc (NASDAQ:GPRE) shares shot up 7.1% on Thursday . The stock traded as high as $12.18 and last traded at $12.17. 499,618 shares were traded during mid-day trading, a decline of 12% from the average session volume of 567,234 shares. The stock had previously closed at $11.36.

Several research firms have weighed in on GPRE. ValuEngine cut Green Plains from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. BidaskClub cut Green Plains from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Finally, Zacks Investment Research raised Green Plains from a “sell” rating to a “hold” rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Green Plains currently has an average rating of “Hold” and an average price target of $17.50.

The company has a quick ratio of 0.49, a current ratio of 1.41 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $500.36 million, a price-to-earnings ratio of -5.61 and a beta of 1.38.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Wednesday, May 8th. The specialty chemicals company reported ($1.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by ($0.68). Green Plains had a negative return on equity of 10.48% and a negative net margin of 0.08%. The business had revenue of $642.30 million during the quarter, compared to analysts’ expectations of $779.84 million. During the same period in the prior year, the firm posted ($0.60) EPS. The firm’s revenue for the quarter was down 38.6% on a year-over-year basis. Analysts anticipate that Green Plains Inc will post -0.3 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.94%. Green Plains’s dividend payout ratio is presently -22.12%.

In other news, Director Alain Treuer sold 5,270 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $13.06, for a total transaction of $68,826.20. Following the transaction, the director now owns 329,173 shares of the company’s stock, valued at approximately $4,298,999.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul E. Kolomaya sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $16.97, for a total value of $33,940.00. Following the transaction, the executive vice president now directly owns 81,859 shares in the company, valued at approximately $1,389,147.23. The disclosure for this sale can be found here. Insiders have sold a total of 27,799 shares of company stock worth $417,180 in the last ninety days. Insiders own 5.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlueMountain Capital Management LLC purchased a new position in shares of Green Plains during the 1st quarter valued at $509,000. Macquarie Group Ltd. lifted its position in shares of Green Plains by 7.6% during the 1st quarter. Macquarie Group Ltd. now owns 12,234 shares of the specialty chemicals company’s stock valued at $204,000 after buying an additional 859 shares during the last quarter. Pinebridge Investments L.P. lifted its position in shares of Green Plains by 40.4% during the 1st quarter. Pinebridge Investments L.P. now owns 63,110 shares of the specialty chemicals company’s stock valued at $1,052,000 after buying an additional 18,158 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Green Plains by 9.1% during the 1st quarter. Geode Capital Management LLC now owns 487,161 shares of the specialty chemicals company’s stock valued at $8,125,000 after buying an additional 40,507 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Green Plains by 10.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 731,654 shares of the specialty chemicals company’s stock valued at $12,204,000 after buying an additional 66,890 shares during the last quarter.

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Green Plains Company Profile (NASDAQ:GPRE)

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in 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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