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.
TRADEMARK VIOLATION NOTICE: “Green Plains (NASDAQ:GPRE) Shares Up 7.1%” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2019/06/13/green-plains-nasdaqgpre-shares-up-7-1.html.
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.
Featured Article: What is channel trading?
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.