Harvest Capital Strategies LLC grew its stake in Green Plains Partners LP (NASDAQ:GPP) by 25.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,423,222 shares of the transportation company’s stock after purchasing an additional 293,222 shares during the period. Green Plains Partners comprises approximately 4.6% of Harvest Capital Strategies LLC’s investment portfolio, making the stock its 2nd largest holding. Harvest Capital Strategies LLC owned 8.94% of Green Plains Partners worth $26,614,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp acquired a new position in Green Plains Partners in the 3rd quarter valued at $250,000. Virtu Financial LLC acquired a new position in Green Plains Partners in the 4th quarter valued at $312,000. Raymond James Financial Services Advisors Inc. raised its stake in Green Plains Partners by 18.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 27,003 shares of the transportation company’s stock valued at $543,000 after purchasing an additional 4,227 shares during the last quarter. Sigma Planning Corp raised its stake in 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 purchasing an additional 3,449 shares during the last quarter. Finally, Raymond James & Associates raised its stake in Green Plains Partners by 48.4% in the 4th quarter. Raymond James & Associates now owns 33,535 shares of the transportation company’s stock valued at $627,000 after purchasing an additional 10,937 shares during the last quarter. Institutional investors and hedge funds own 46.00% of the company’s stock.
Green Plains Partners LP (NASDAQ:GPP) opened at $18.05 on Wednesday. The firm has a market capitalization of $571.01, a price-to-earnings ratio of 10.00, a PEG ratio of 0.60 and a beta of 0.65. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of -2.15. Green Plains Partners LP has a twelve month low of $16.50 and a twelve month high of $21.00.
Several analysts have issued reports on the company. BidaskClub cut Green Plains Partners from a “hold” rating to a “sell” rating in a report on Friday, March 9th. ValuEngine cut Green Plains Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus upgraded Green Plains Partners from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, February 9th. Finally, Zacks Investment Research upgraded Green Plains Partners from a “strong sell” rating to a “hold” rating in a report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Green Plains Partners presently has a consensus rating of “Hold” and a consensus price target of $21.80.
In other news, Director Clayton E. Killinger bought 2,850 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was bought at an average cost of $17.48 per share, for a total transaction of $49,818.00. Following the acquisition, the director now directly owns 27,987 shares of the company’s stock, valued at approximately $489,212.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
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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