Green Plains Inc (NASDAQ:GPRE) Director James D. Anderson bought 4,000 shares of the stock in a transaction on Thursday, March 9th. The stock was purchased at an average cost of $22.06 per share, for a total transaction of $88,240.00. Following the acquisition, the director now directly owns 68,255 shares of the company’s stock, valued at approximately $1,505,705.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Green Plains Inc (NASDAQ:GPRE) traded up 0.43% during mid-day trading on Wednesday, hitting $23.35. The company had a trading volume of 37,981 shares. The company’s 50 day moving average price is $23.43 and its 200-day moving average price is $25.34. Green Plains Inc has a one year low of $13.88 and a one year high of $29.85. The company has a market cap of $891.53 million, a PE ratio of 83.99 and a beta of 1.33.
Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Wednesday, February 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.09. The firm earned $932.10 million during the quarter, compared to the consensus estimate of $1,000 million. Green Plains had a return on equity of 1.12% and a net margin of 0.31%. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) earnings per share. Equities research analysts anticipate that Green Plains Inc will post $1.60 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Friday, February 24th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Wednesday, February 22nd. Green Plains’s dividend payout ratio (DPR) is 192.00%.
A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in shares of Green Plains by 21.8% in the third quarter. JPMorgan Chase & Co. now owns 419,139 shares of the company’s stock worth $10,981,000 after buying an additional 75,067 shares during the period. Teachers Advisors LLC boosted its stake in shares of Green Plains by 20.3% in the third quarter. Teachers Advisors LLC now owns 649,661 shares of the company’s stock worth $17,021,000 after buying an additional 109,585 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Green Plains by 21.2% in the third quarter. Wells Fargo & Company MN now owns 200,583 shares of the company’s stock worth $5,255,000 after buying an additional 35,128 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Green Plains by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 553,258 shares of the company’s stock worth $14,497,000 after buying an additional 14,279 shares in the last quarter. Finally, DnB Asset Management AS boosted its stake in shares of Green Plains by 1,354.7% in the third quarter. DnB Asset Management AS now owns 808,597 shares of the company’s stock worth $21,185,000 after buying an additional 753,010 shares in the last quarter. 97.67% of the stock is owned by hedge funds and other institutional investors.
GPRE has been the topic of a number of analyst reports. Roth Capital set a $33.00 price objective on Green Plains and gave the company a “buy” rating in a research note on Wednesday, February 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $32.00 price objective on shares of Green Plains in a research note on Monday, March 6th. Finally, Zacks Investment Research lowered Green Plains from a “hold” rating to a “sell” rating in a research note on Friday, February 10th.
Green Plains Company Profile
Green Plains Inc (Green Plains) is a vertically integrated producer, marketer and distributor of ethanol. The Company operates through four segments: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Company’s ethanol production segment is engaged in the production of ethanol and related distillers grain.