45,142 Shares in Green Plains, Inc. $GPRE Purchased by Van ECK Associates Corp

Van ECK Associates Corp acquired a new stake in Green Plains, Inc. (NASDAQ:GPRE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,142 shares of the specialty chemicals company’s stock, valued at approximately $694,000. Van ECK Associates Corp owned 0.06% of Green Plains as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Kailix Advisors LLC lifted its stake in shares of Green Plains by 18.5% during the 4th quarter. Kailix Advisors LLC now owns 1,369,211 shares of the specialty chemicals company’s stock worth $13,418,000 after buying an additional 213,888 shares during the last quarter. BlackRock Inc. bought a new position in Green Plains during the second quarter worth about $156,703,000. Arrowstreet Capital Limited Partnership acquired a new stake in Green Plains in the 1st quarter worth about $1,166,000. Deutsche Bank AG bought a new position in shares of Green Plains during the second quarter worth approximately $4,193,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Green Plains by 9.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,643,651 shares of the specialty chemicals company’s stock valued at $27,039,000 after buying an additional 145,741 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GPRE shares. BMO Capital Markets reiterated a “market perform” rating on shares of Green Plains in a research report on Friday, August 7th. Wall Street Zen raised Green Plains from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Plains in a report on Friday, July 17th. UBS Group reiterated a “neutral” rating on shares of Green Plains in a report on Tuesday, August 25th. Finally, Oppenheimer restated an “outperform” rating and set a $20.00 price target on shares of Green Plains in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.43.

Green Plains Trading Up 3.3%

Shares of GPRE stock opened at $15.45 on Friday. Green Plains, Inc. has a fifty-two week low of $8.65 and a fifty-two week high of $19.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 1.99. The stock has a 50 day simple moving average of $16.04 and a two-hundred day simple moving average of $15.76. The company has a market cap of $1.08 billion, a P/E ratio of 9.72 and a beta of 1.16.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.29. Green Plains had a return on equity of 14.52% and a net margin of 6.78%.The firm had revenue of $446.22 million for the quarter, compared to analysts’ expectations of $542.38 million. During the same period in the prior year, the business earned ($1.09) EPS. Research analysts forecast that Green Plains, Inc. will post 2.04 earnings per share for the current year.

Green Plains Company Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.