OppenheimerFunds Inc. increased its holdings in shares of Green Plains Inc (NASDAQ:GPRE) by 20.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,086 shares of the specialty chemicals company’s stock after purchasing an additional 24,774 shares during the quarter. OppenheimerFunds Inc. owned 0.35% of Green Plains worth $2,445,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in shares of Green Plains by 1.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock worth $156,000 after purchasing an additional 104 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Green Plains during the 4th quarter worth about $228,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Green Plains during the 3rd quarter worth about $329,000. Stephens Inc. AR acquired a new stake in shares of Green Plains during the 4th quarter worth about $391,000. Finally, Capital Innovations LLC acquired a new stake in shares of Green Plains during the 4th quarter worth about $419,000.
GPRE stock traded up $0.05 during midday trading on Friday, reaching $18.50. The company’s stock had a trading volume of 1,583,860 shares, compared to its average volume of 539,731. The firm has a market cap of $759.50, a P/E ratio of 15.04, a P/E/G ratio of 3.49 and a beta of 1.43. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.56 and a current ratio of 1.36. Green Plains Inc has a 52 week low of $15.60 and a 52 week high of $26.05.
Green Plains (NASDAQ:GPRE) last released its earnings results on Wednesday, February 7th. The specialty chemicals company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.01. The company had revenue of $920.98 million during the quarter, compared to the consensus estimate of $953.30 million. Green Plains had a negative return on equity of 3.33% and a net margin of 1.70%. Green Plains’s revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. sell-side analysts anticipate that Green Plains Inc will post 0.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.59%. The ex-dividend date was Thursday, February 22nd. Green Plains’s dividend payout ratio is currently 39.02%.
GPRE has been the subject of a number of recent analyst reports. BidaskClub raised Green Plains from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. Zacks Investment Research downgraded Green Plains from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. ValuEngine downgraded Green Plains from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $27.00 target price on shares of Green Plains in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Green Plains has an average rating of “Buy” and an average target price of $26.67.
In other news, EVP Walter S. Cronin sold 6,737 shares of Green Plains stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $16.80, for a total value of $113,181.60. Following the completion of the transaction, the executive vice president now owns 50,200 shares in the company, valued at approximately $843,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michelle Mapes sold 7,000 shares of Green Plains stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $19.27, for a total value of $134,890.00. Following the completion of the transaction, the insider now owns 35,515 shares of the company’s stock, valued at approximately $684,374.05. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.
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Green Plains Company 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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