Future Fund LLC Makes New $2.36 Million Investment in Green Plains, Inc. $GPRE

Future Fund LLC acquired a new position in shares of Green Plains, Inc. (NASDAQ:GPRE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 240,903 shares of the specialty chemicals company’s stock, valued at approximately $2,361,000. Future Fund LLC owned approximately 0.34% of Green Plains as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Green Plains during the 3rd quarter worth approximately $67,000. WINTON GROUP Ltd bought a new position in shares of Green Plains in the second quarter valued at approximately $61,000. Aquatic Capital Management LLC bought a new position in shares of Green Plains in the third quarter valued at approximately $95,000. ProShare Advisors LLC grew its holdings in shares of Green Plains by 11.7% in the fourth quarter. ProShare Advisors LLC now owns 12,275 shares of the specialty chemicals company’s stock valued at $120,000 after acquiring an additional 1,290 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new position in shares of Green Plains in the third quarter valued at approximately $111,000.

Green Plains Price Performance

Green Plains stock opened at $15.67 on Friday. Green Plains, Inc. has a 12 month low of $3.97 and a 12 month high of $18.94. The company has a current ratio of 1.71, a quick ratio of 1.27 and a debt-to-equity ratio of 0.49. The business’s 50 day simple moving average is $16.24 and its 200 day simple moving average is $13.32. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -47.48 and a beta of 1.24.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Thursday, May 7th. The specialty chemicals company reported $0.42 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.43. Green Plains had a positive return on equity of 2.86% and a negative net margin of 0.80%.The business had revenue of $445.80 million for the quarter, compared to the consensus estimate of $532.53 million. During the same quarter in the prior year, the business earned ($1.14) earnings per share. Green Plains’s revenue for the quarter was down 25.9% on a year-over-year basis. Sell-side analysts forecast that Green Plains, Inc. will post 2.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GPRE shares. Stephens upped their target price on Green Plains from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Green Plains in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Plains in a report on Tuesday, April 21st. BMO Capital Markets upped their target price on Green Plains from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Wednesday, March 25th. Finally, Wall Street Zen raised Green Plains from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Green Plains presently has a consensus rating of “Hold” and a consensus price target of $14.29.

About Green Plains

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.