Insider Buying: Green Plains Inc (GPRE) Director Purchases 15,483 Shares of Stock
Green Plains Inc (NASDAQ:GPRE) Director Ejnar A. Knudsen III bought 15,483 shares of Green Plains stock in a transaction dated Thursday, November 30th. The stock was acquired at an average cost of $16.54 per share, for a total transaction of $256,088.82. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Green Plains Inc (NASDAQ GPRE) remained flat at $$16.85 on Friday. 1,125,796 shares of the company were exchanged, compared to its average volume of 904,164. The company has a current ratio of 1.57, a quick ratio of 0.70 and a debt-to-equity ratio of 0.82. Green Plains Inc has a 12 month low of $15.60 and a 12 month high of $29.85.
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 analysts’ consensus estimates of $0.29 by ($0.47). Green Plains had a net margin of 0.92% and a negative return on equity of 0.88%. The company had revenue of $901.20 million for the quarter, compared to analysts’ expectations of $933.36 million. During the same period last year, the business earned $0.20 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. equities research analysts anticipate that Green Plains Inc will post -0.66 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 27th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Friday, November 24th. Green Plains’s dividend payout ratio (DPR) is currently 73.85%.
GPRE has been the topic of several recent research reports. Piper Jaffray Companies reiterated a “hold” rating and issued a $19.00 price objective on shares of Green Plains in a research note on Thursday, August 3rd. BidaskClub cut shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. ValuEngine upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Roth Capital set a $25.00 target price on shares of Green Plains and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Finally, BMO Capital Markets restated an “outperform” rating and set a $25.00 target price (down previously from $30.00) on shares of Green Plains in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.33.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Capstone Asset Management Co. boosted its stake in Green Plains by 0.4% during 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 period. Public Employees Retirement System of Ohio boosted its stake in Green Plains by 1.4% during the second quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock worth $156,000 after buying an additional 104 shares during the period. Suntrust Banks Inc. boosted its stake in Green Plains by 2.3% during the second quarter. Suntrust Banks Inc. now owns 16,423 shares of the specialty chemicals company’s stock worth $337,000 after buying an additional 370 shares during the period. Louisiana State Employees Retirement System boosted its stake in Green Plains by 4.8% during the second quarter. Louisiana State Employees Retirement System now owns 15,200 shares of the specialty chemicals company’s stock worth $312,000 after buying an additional 700 shares during the period. Finally, Arizona State Retirement System boosted its stake in Green Plains by 4.9% during the second quarter. Arizona State Retirement System now owns 19,397 shares of the specialty chemicals company’s stock worth $399,000 after buying an additional 900 shares during the period.
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Green Plains Company Profile
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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