First Trust Advisors LP raised its position in shares of Green Plains Renewable Energy Inc. (NASDAQ:GPRE) by 12.1% during the second quarter, Holdings Channel reports. The fund owned 122,455 shares of the company’s stock after buying an additional 13,201 shares during the period. First Trust Advisors LP owned approximately 0.32% of Green Plains Renewable Energy worth $2,415,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Squarepoint Ops LLC purchased a new position in Green Plains Renewable Energy during the first quarter worth about $276,000. Arizona State Retirement System raised its position in Green Plains Renewable Energy by 3.9% in the first quarter. Arizona State Retirement System now owns 18,597 shares of the company’s stock worth $297,000 after buying an additional 700 shares during the period. Menta Capital LLC purchased a new position in Green Plains Renewable Energy during the first quarter worth about $365,000. Bank of Montreal Can purchased a new position in Green Plains Renewable Energy during the second quarter worth about $370,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Green Plains Renewable Energy during the first quarter worth about $520,000. 98.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Green Plains Renewable Energy Inc. (NASDAQ:GPRE) traded up 2.18% on Wednesday, hitting $24.80. 651,303 shares of the stock traded hands. The company’s 50 day moving average is $23.78 and its 200 day moving average is $19.47. The stock’s market cap is $948.45 million. Green Plains Renewable Energy Inc. has a one year low of $12.39 and a one year high of $25.62.

Green Plains Renewable Energy (NASDAQ:GPRE) last released its earnings results on Monday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.29. The firm had revenue of $887.70 million for the quarter, compared to analyst estimates of $803.62 million. Green Plains Renewable Energy had a negative return on equity of 1.41% and a negative net margin of 0.43%. Green Plains Renewable Energy’s revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. On average, equities analysts forecast that Green Plains Renewable Energy Inc. will post $0.06 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, August 24th. Green Plains Renewable Energy’s payout ratio is currently -137.14%.

Separately, Zacks Investment Research upgraded shares of Green Plains Renewable Energy from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, July 14th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $25.86.

In related news, EVP Michelle Mapes sold 3,000 shares of Green Plains Renewable Energy stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $19.50, for a total transaction of $58,500.00. Following the transaction, the executive vice president now directly owns 56,114 shares of the company’s stock, valued at $1,094,223. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 7.60% of the company’s stock.

Green Plains Renewable Energy Company Profile

Green Plains Inc (Green Plains) is a vertically integrated producer, marketer and distributor of ethanol. The Company operates through four segments: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Company’s ethanol production segment is engaged in the production of ethanol and related distillers grain.

5 Day Chart for NASDAQ:GPRE

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