Green Plains Renewable Energy Inc. (GPRE) Trading Down 2.5%
Green Plains Renewable Energy Inc. (NASDAQ:GPRE)’s share price traded down 2.5% on Thursday . The stock traded as low as $20.04 and last traded at $20.14, with a volume of 327,275 shares changing hands. The stock had previously closed at $20.66.
Several equities analysts recently weighed in on the stock. Jefferies Group reissued a “buy” rating on shares of Green Plains Renewable Energy in a research note on Tuesday, May 3rd. Zacks Investment Research raised shares of Green Plains Renewable Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $25.10.
The company’s market capitalization is $775.43 million. The company’s 50-day moving average price is $18.85 and its 200-day moving average price is $17.26.
Green Plains Renewable Energy (NASDAQ:GPRE) last released its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by $0.32. The company earned $749.20 million during the quarter, compared to analyst estimates of $751.28 million. On average, analysts expect that Green Plains Renewable Energy Inc. will post ($0.14) EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, May 27th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Wednesday, May 25th.
In related news, EVP Michelle Mapes sold 3,000 shares of the stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $19.50, for a total value of $58,500.00. Following the completion of the sale, the executive vice president now directly owns 56,114 shares of the company’s stock, valued at approximately $1,094,223. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Wayne Hoovestol purchased 6,500 shares of the stock in a transaction that occurred on Tuesday, May 10th. The stock was bought at an average cost of $14.94 per share, with a total value of $97,110.00. Following the completion of the transaction, the director now directly owns 125,807 shares in the company, valued at approximately $1,879,556.58. The disclosure for this purchase can be found here.
A number of large investors recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new stake in Green Plains Renewable Energy during the fourth quarter worth approximately $6,173,000. Morgan Stanley raised its stake in Green Plains Renewable Energy by 53.5% in the fourth quarter. Morgan Stanley now owns 1,343,311 shares of the company’s stock worth $30,761,000 after buying an additional 468,317 shares during the last quarter. GSA Capital Partners LLP raised its stake in Green Plains Renewable Energy by 4.9% in the fourth quarter. GSA Capital Partners LLP now owns 52,672 shares of the company’s stock worth $1,206,000 after buying an additional 2,438 shares during the last quarter. Comerica Bank raised its stake in Green Plains Renewable Energy by 6.8% in the fourth quarter. Comerica Bank now owns 136,097 shares of the company’s stock worth $2,522,000 after buying an additional 8,701 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Green Plains Renewable Energy by 3.6% in the fourth quarter. Rhumbline Advisers now owns 58,915 shares of the company’s stock worth $1,349,000 after buying an additional 2,070 shares during the last quarter.
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.
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