Crossmark Global Holdings Inc. acquired a new stake in shares of Green Plains Inc (NASDAQ:GPRE) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 16,303 shares of the specialty chemicals company’s stock, valued at approximately $329,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Green Plains by 44,650.2% in the 1st quarter. BlackRock Inc. now owns 4,439,215 shares of the specialty chemicals company’s stock valued at $109,870,000 after buying an additional 4,429,295 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Green Plains by 310.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 596,075 shares of the specialty chemicals company’s stock valued at $12,249,000 after buying an additional 450,995 shares during the period. Northern Trust Corp grew its stake in shares of Green Plains by 51.8% in the 2nd quarter. Northern Trust Corp now owns 1,083,248 shares of the specialty chemicals company’s stock valued at $22,260,000 after buying an additional 369,744 shares during the period. Bank of Montreal Can grew its stake in shares of Green Plains by 1,157.1% in the 2nd quarter. Bank of Montreal Can now owns 279,281 shares of the specialty chemicals company’s stock valued at $5,739,000 after buying an additional 257,065 shares during the period. Finally, Kennedy Capital Management Inc. purchased a new stake in shares of Green Plains in the 2nd quarter valued at approximately $5,208,000.
In related news, Director Ejnar A. Knudsen III bought 15,483 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average cost of $16.54 per share, with a total value of $256,088.82. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Wayne Hoovestol bought 102,653 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average cost of $16.37 per share, for a total transaction of $1,680,429.61. Following the completion of the transaction, the director now directly owns 218,277 shares in the company, valued at $3,573,194.49. The disclosure for this purchase can be found here. Insiders bought a total of 148,136 shares of company stock worth $2,439,918 over the last 90 days. Company insiders own 6.40% of the company’s stock.
Shares of Green Plains Inc (NASDAQ:GPRE) opened at $16.50 on Wednesday. Green Plains Inc has a fifty-two week low of $15.60 and a fifty-two week high of $29.85. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.57 and a quick ratio of 0.70.
Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Wednesday, November 1st. The specialty chemicals company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.47). Green Plains had a net margin of 0.92% and a negative return on equity of 0.88%. The firm had revenue of $901.20 million during the quarter, compared to analyst estimates of $933.36 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. Green Plains’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities research analysts expect that Green Plains Inc will post -0.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 27th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.91%. Green Plains’s payout ratio is 67.61%.
Several equities analysts have recently commented on the stock. ValuEngine upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Piper Jaffray Companies restated a “hold” rating and issued a $19.00 price objective on shares of Green Plains in a report on Tuesday, September 5th. Zacks Investment Research lowered shares of Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. BidaskClub lowered shares of Green Plains from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, Craig Hallum started coverage on shares of Green Plains in a report on Thursday, September 14th. They issued a “buy” rating and a $29.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $25.33.
Green Plains Profile
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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