Green Plains Inc (GPRE) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Green Plains Inc (NASDAQ:GPRE) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $26.60.
GPRE has been the subject of a number of research analyst reports. BidaskClub lowered Green Plains from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $19.00 price target on shares of Green Plains in a report on Tuesday, September 5th. ValuEngine raised shares of Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Craig Hallum assumed coverage on shares of Green Plains in a report on Thursday, September 14th. They issued a “buy” rating and a $29.00 price target for the company. Finally, Zacks Investment Research raised shares of Green Plains from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th.
Shares of Green Plains (NASDAQ GPRE) traded up $0.10 during trading on Friday, hitting $16.70. The stock had a trading volume of 483,898 shares, compared to its average volume of 903,002. The company has a quick ratio of 0.70, a current ratio of 1.57 and a debt-to-equity ratio of 0.82. Green Plains has a 52-week low of $15.60 and a 52-week high of $29.85.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 27th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Friday, November 24th. Green Plains’s payout ratio is 67.61%.
In other news, Director Ejnar A. Knudsen III acquired 15,483 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was acquired at an average price of $16.54 per share, with a total value of $256,088.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John W. Neppl acquired 30,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $16.78 per share, with a total value of $503,400.00. Following the purchase, the chief financial officer now owns 38,474 shares of the company’s stock, valued at $645,593.72. The disclosure for this purchase can be found here. In the last three months, insiders acquired 148,136 shares of company stock valued at $2,439,918. 6.40% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of GPRE. Bank of America Corp DE raised its stake in shares of Green Plains by 2.2% during the first quarter. Bank of America Corp DE now owns 56,049 shares of the specialty chemicals company’s stock valued at $1,387,000 after acquiring an additional 1,190 shares in the last quarter. Credit Suisse AG increased its holdings in Green Plains by 3.1% during the first quarter. Credit Suisse AG now owns 75,513 shares of the specialty chemicals company’s stock valued at $1,868,000 after buying an additional 2,264 shares during the period. Capstone Asset Management Co. increased its holdings 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 valued at $319,000 after buying an additional 60 shares during the period. State of Alaska Department of Revenue increased its holdings in Green Plains by 85.9% during the second quarter. State of Alaska Department of Revenue now owns 7,289 shares of the specialty chemicals company’s stock valued at $149,000 after buying an additional 3,369 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings 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 valued at $312,000 after buying an additional 700 shares during the period.
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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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