Green Plains Inc (NASDAQ:GPRE) Director S Eugene Edwards acquired 15,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of $7.15 per share, for a total transaction of $107,250.00. Following the transaction, the director now directly owns 45,620 shares of the company’s stock, valued at approximately $326,183. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
GPRE stock traded down $0.45 during trading on Thursday, hitting $7.15. 1,363,797 shares of the company’s stock traded hands, compared to its average volume of 675,367. Green Plains Inc has a 52 week low of $7.01 and a 52 week high of $19.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.52 and a quick ratio of 0.60. The firm has a fifty day simple moving average of $9.98. The firm has a market capitalization of $307.40 million, a PE ratio of -3.29 and a beta of 1.20.
Green Plains (NASDAQ:GPRE) last released its earnings results on Monday, August 5th. The specialty chemicals company reported ($1.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.78) by ($0.35). The firm had revenue of $895.90 million during the quarter, compared to the consensus estimate of $822.77 million. Green Plains had a negative return on equity of 14.93% and a negative net margin of 1.40%. Green Plains’s revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) EPS. As a group, analysts expect that Green Plains Inc will post -2.94 earnings per share for the current year.
GPRE has been the topic of several research analyst reports. ValuEngine cut shares of Green Plains from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. TheStreet downgraded shares of Green Plains from a “c-” rating to a “d+” rating in a research note on Monday, July 1st. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 27th. Finally, BidaskClub downgraded shares of Green Plains from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Green Plains currently has a consensus rating of “Hold” and an average target price of $17.50.
A number of hedge funds and other institutional investors have recently bought and sold shares of GPRE. Macquarie Group Ltd. acquired a new stake in Green Plains in the 4th quarter worth approximately $149,000. Campbell & CO Investment Adviser LLC purchased a new stake in Green Plains in the 2nd quarter worth $463,000. Norges Bank purchased a new stake in shares of Green Plains during the fourth quarter worth $9,877,000. Metropolitan Life Insurance Co. NY grew its holdings in shares of Green Plains by 426.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,217 shares of the specialty chemicals company’s stock worth $186,000 after buying an additional 11,515 shares in the last quarter. Finally, Donald Smith & CO. Inc. purchased a new stake in shares of Green Plains during the first quarter worth $4,055,000. 98.36% of the stock is currently owned by institutional investors and hedge funds.
Green Plains Company Profile
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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