Green Plains Partners (GPP) Rating Increased to Hold at Zacks Investment Research

Green Plains Partners (NASDAQ:GPP) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “Green Plains Partners LP provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP is based in Omaha, Nebraska. “

A number of other research firms have also recently commented on GPP. Robert W. Baird reissued a “buy” rating and set a $24.00 target price on shares of Green Plains Partners in a research note on Friday, November 3rd. Roth Capital set a $24.00 target price on shares of Green Plains Partners and gave the stock a “buy” rating in a research note on Tuesday, October 24th. BidaskClub cut shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Stifel Nicolaus cut shares of Green Plains Partners from a “buy” rating to a “hold” rating and cut their target price for the stock from $21.00 to $20.00 in a research note on Friday, November 3rd. Finally, ValuEngine cut shares of Green Plains Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Green Plains Partners currently has a consensus rating of “Hold” and an average target price of $21.80.

Green Plains Partners (NASDAQ:GPP) traded up $0.25 during mid-day trading on Monday, hitting $17.70. 95,023 shares of the stock were exchanged, compared to its average volume of 52,028. The stock has a market capitalization of $277.84, a PE ratio of 9.78, a P/E/G ratio of 0.58 and a beta of 0.74. 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 twelve month low of $16.50 and a twelve month high of $21.00.

Green Plains Partners (NASDAQ:GPP) last released its earnings results on Wednesday, February 7th. The transportation company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $28.25 million during the quarter, compared to analysts’ expectations of $28.22 million. Green Plains Partners had a net margin of 55.02% and a negative return on equity of 92.17%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 earnings per share. equities research analysts expect that Green Plains Partners will post 2 earnings per share for the current year.

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

Several institutional investors have recently bought and sold shares of the company. Citigroup Inc. grew its stake in shares of Green Plains Partners by 0.8% in the 2nd quarter. Citigroup Inc. now owns 64,311 shares of the transportation company’s stock valued at $1,203,000 after buying an additional 486 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Green Plains Partners by 11.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,635 shares of the transportation company’s stock valued at $274,000 after buying an additional 1,417 shares during the period. Acrospire Investment Management LLC grew its stake in shares of Green Plains Partners by 54.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 6,370 shares of the transportation company’s stock valued at $119,000 after buying an additional 2,252 shares during the period. UBS Group AG grew its stake in shares of Green Plains Partners by 0.7% in the 1st quarter. UBS Group AG now owns 335,212 shares of the transportation company’s stock valued at $6,738,000 after buying an additional 2,301 shares during the period. Finally, Sigma Planning Corp grew its stake in shares of Green Plains Partners by 12.8% in the 3rd quarter. Sigma Planning Corp now owns 30,335 shares of the transportation company’s stock valued at $610,000 after buying an additional 3,449 shares during the period. 44.36% of the stock is owned by institutional investors and hedge funds.

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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).

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