Granite Investment Partners LLC increased its position in shares of Green Plains, Inc. (NASDAQ:GPRE) by 24.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 504,788 shares of the specialty chemicals company’s stock after buying an additional 99,387 shares during the period. Granite Investment Partners LLC’s holdings in Green Plains were worth $10,374,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in GPRE. Capstone Asset Management Co. raised its stake in Green Plains by 0.4% in the second quarter. Capstone Asset Management Co. now owns 15,513 shares of the specialty chemicals company’s stock worth $319,000 after buying an additional 60 shares during the last quarter. Arizona State Retirement System raised its stake in Green Plains by 0.5% in the first quarter. Arizona State Retirement System now owns 18,497 shares of the specialty chemicals company’s stock worth $458,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Green Plains by 2.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the specialty chemicals company’s stock worth $202,000 after buying an additional 160 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Green Plains by 2.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,032 shares of the specialty chemicals company’s stock worth $224,000 after buying an additional 190 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Green Plains by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the specialty chemicals company’s stock worth $359,000 after buying an additional 200 shares during the last quarter.

Green Plains, Inc. (NASDAQ GPRE) opened at 19.05 on Friday. The firm has a 50-day moving average price of $19.51 and a 200-day moving average price of $22.35. Green Plains, Inc. has a 52 week low of $17.70 and a 52 week high of $29.85. The company has a market capitalization of $790.27 million, a price-to-earnings ratio of 111.40 and a beta of 1.42.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.29. The business had revenue of $886.30 million for the quarter, compared to the consensus estimate of $986.88 million. Green Plains had a net margin of 0.19% and a return on equity of 0.68%. Green Plains’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 earnings per share. Analysts anticipate that Green Plains, Inc. will post ($0.21) EPS for the current fiscal year.

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A number of analysts recently issued reports on the company. Piper Jaffray Companies reiterated a “hold” rating and set a $19.00 price objective on shares of Green Plains in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Green Plains from a “strong sell” rating to a “hold” rating and set a $29.00 price objective on the stock in a research note on Thursday, May 4th. ValuEngine lowered Green Plains from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Green Plains from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Roth Capital set a $27.00 price objective on Green Plains and gave the company a “buy” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Green Plains has a consensus rating of “Hold” and a consensus price target of $27.29.

In other Green Plains news, insider Todd A. Becker sold 5,600 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $23.29, for a total transaction of $130,424.00. Following the sale, the insider now directly owns 708,088 shares of the company’s stock, valued at $16,491,369.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michelle Mapes sold 2,301 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $24.81, for a total value of $57,087.81. Following the sale, the executive vice president now directly owns 53,596 shares in the company, valued at $1,329,716.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,903 shares of company stock worth $1,932,599. Insiders own 6.40% of the company’s stock.

About Green Plains

Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.

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Institutional Ownership by Quarter for Green Plains (NASDAQ:GPRE)

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