Green Plains Renewable Energy Inc. (GPRE) Shares Down 2.5%
Shares of Green Plains Renewable Energy Inc. (NASDAQ:GPRE) traded down 2.5% during mid-day trading on Thursday . The stock traded as low as $20.04 and last traded at $20.14, with a volume of 327,275 shares. The stock had previously closed at $20.66.
Several analysts recently issued reports on the company. 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 Green Plains Renewable Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Green Plains Renewable Energy currently has an average rating of “Buy” and an average price target of $24.33.
The company has a 50 day moving average price of $18.96 and a 200 day moving average price of $17.26. The company’s market cap is $799.28 million.
Green Plains Renewable Energy (NASDAQ:GPRE) last announced its earnings results on Tuesday, May 3rd. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.32. The firm had revenue of $749.20 million for the quarter, compared to analysts’ expectations of $751.28 million. Equities analysts predict that Green Plains Renewable Energy Inc. will post ($0.14) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, May 27th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Wednesday, May 25th.
In related news, EVP Michelle Mapes sold 3,000 shares of the stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $19.50, for a total value of $58,500.00. Following 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wayne Hoovestol acquired 6,500 shares of Green Plains Renewable Energy stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average cost of $14.94 per share, for a total transaction of $97,110.00. Following the completion of the transaction, the director now directly owns 125,807 shares in the company, valued at $1,879,556.58. The disclosure for this purchase can be found here.
A number of hedge funds have recently bought and sold shares of the company. 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 period. 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 period. California State Teachers Retirement System raised its stake in Green Plains Renewable Energy by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 70,358 shares of the company’s stock worth $1,611,000 after buying an additional 1,249 shares during the period. 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 period. Finally, First Trust Advisors LP raised its stake in Green Plains Renewable Energy by 7.0% in the fourth quarter. First Trust Advisors LP now owns 164,058 shares of the company’s stock worth $3,757,000 after buying an additional 10,745 shares during the period.
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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