Green Plains Partners LP (GPP) Receives Average Rating of “Hold” from Analysts

Green Plains Partners LP (NASDAQ:GPP) has earned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.80.

A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Green Plains Partners from a “hold” rating to a “sell” rating in a report on Monday, November 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $21.00 price objective on shares of Green Plains Partners in a report on Thursday, October 12th. Robert W. Baird restated a “buy” rating and set a $24.00 target price on shares of Green Plains Partners in a report on Friday, November 3rd. BidaskClub upgraded shares of Green Plains Partners from a “strong sell” rating to a “sell” rating in a report on Thursday, December 21st. Finally, ValuEngine downgraded shares of Green Plains Partners from a “strong-buy” rating to a “buy” rating in a report on Friday.

Green Plains Partners (GPP) traded down $0.30 during midday trading on Friday, hitting $17.05. 53,687 shares of the stock were exchanged, compared to its average volume of 50,916. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of -2.13. Green Plains Partners has a 12 month low of $16.50 and a 12 month high of $21.00. The firm has a market capitalization of $541.12 and a P/E ratio of 9.16.

Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). Green Plains Partners had a net margin of 55.10% and a negative return on equity of 92.23%. The business had revenue of $26.45 million during the quarter, compared to analyst estimates of $28.36 million. During the same quarter last year, the business earned $0.44 earnings per share. Green Plains Partners’s revenue for the quarter was up .9% on a year-over-year basis. sell-side analysts predict that Green Plains Partners will post 1.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, February 2nd will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 11.03%. This is an increase from Green Plains Partners’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, February 1st. Green Plains Partners’s payout ratio is presently 99.46%.

In other Green Plains Partners news, major shareholder Tourbillon Capital Partners, L sold 1,209,043 shares of Green Plains Partners stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $16.02, for a total transaction of $19,368,868.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michelle Mapes sold 2,692 shares of Green Plains Partners stock in a transaction on Monday, December 11th. The stock was sold at an average price of $19.10, for a total transaction of $51,417.20. Following the transaction, the executive vice president now directly owns 33,148 shares of the company’s stock, valued at $633,126.80. The disclosure for this sale can be found here.

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. boosted its position in Green Plains Partners by 67.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 22,776 shares of the transportation company’s stock worth $426,000 after purchasing an additional 9,141 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in shares of Green Plains Partners in the third quarter valued at about $1,960,000. Mondrian Investment Partners LTD boosted its position in shares of Green Plains Partners by 11.7% in the fourth quarter. Mondrian Investment Partners LTD now owns 200,552 shares of the transportation company’s stock valued at $3,750,000 after acquiring an additional 20,956 shares during the period. Sigma Planning Corp boosted its position in shares of Green Plains Partners by 12.8% in the third quarter. Sigma Planning Corp now owns 30,335 shares of the transportation company’s stock valued at $610,000 after acquiring an additional 3,449 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Green Plains Partners in the second quarter valued at about $327,000. 44.36% of the stock is owned by hedge funds and other institutional investors.

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About Green Plains Partners

Green Plains Partners LP provides fuel storage and transportation services. The Company owns, operates, develops and acquires ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).

Analyst Recommendations for Green Plains Partners (NASDAQ:GPP)

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