John W. Neppl Acquires 30,000 Shares of Green Plains, Inc. (GPRE) Stock
Green Plains, Inc. (NASDAQ:GPRE) CFO John W. Neppl purchased 30,000 shares of Green Plains stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average cost of $16.78 per share, for a total transaction of $503,400.00. Following the completion of the transaction, the chief financial officer now directly owns 38,474 shares in the company, valued at approximately $645,593.72. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Green Plains, Inc. (NASDAQ:GPRE) opened at $16.90 on Wednesday. Green Plains, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $29.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.70 and a current ratio of 1.57.
Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Wednesday, November 1st. The specialty chemicals company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.47). The business had revenue of $901.20 million during the quarter, compared to analysts’ expectations of $933.36 million. Green Plains had a negative return on equity of 0.88% and a net margin of 0.92%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. equities research analysts anticipate that Green Plains, Inc. will post -0.36 earnings per share for the current fiscal year.
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Several equities analysts recently commented on GPRE shares. BidaskClub lowered Green Plains from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 26th. Piper Jaffray Companies restated a “hold” rating and set a $19.00 price objective on shares of Green Plains in a research note on Tuesday, September 5th. Craig Hallum began coverage on Green Plains in a research note on Thursday, September 14th. They set a “buy” rating and a $29.00 price objective for the company. Finally, ValuEngine cut Green Plains from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $25.33.
A number of hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. increased its position in Green Plains by 1,012.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 163,584 shares of the specialty chemicals company’s stock worth $3,295,000 after purchasing an additional 148,879 shares during the last quarter. Private Management Group Inc. acquired a new position in shares of Green Plains during the 3rd quarter valued at about $19,315,000. Municipal Employees Retirement System of Michigan increased its holdings in shares of Green Plains by 26.4% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 28,200 shares of the specialty chemicals company’s stock valued at $568,000 after acquiring an additional 5,890 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Green Plains by 3.6% during the 3rd quarter. Principal Financial Group Inc. now owns 320,593 shares of the specialty chemicals company’s stock valued at $6,460,000 after acquiring an additional 11,056 shares during the last quarter. Finally, Boston Partners acquired a new position in shares of Green Plains during the 3rd quarter valued at about $6,801,000.
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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