PDT Partners LLC Acquires New Position in Green Plains, Inc. $GPRE

PDT Partners LLC acquired a new stake in shares of Green Plains, Inc. (NASDAQ:GPRE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,328 shares of the specialty chemicals company’s stock, valued at approximately $697,000. PDT Partners LLC owned about 0.06% of Green Plains as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GPRE. Kailix Advisors LLC lifted its stake in shares of Green Plains by 18.5% during the 4th quarter. Kailix Advisors LLC now owns 1,369,211 shares of the specialty chemicals company’s stock valued at $13,418,000 after buying an additional 213,888 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Green Plains in the 1st quarter valued at approximately $1,166,000. Dimensional Fund Advisors LP grew its stake in Green Plains by 9.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,643,651 shares of the specialty chemicals company’s stock valued at $27,039,000 after buying an additional 145,741 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Green Plains by 112.6% in the 4th quarter. BNP Paribas Financial Markets now owns 1,823,740 shares of the specialty chemicals company’s stock valued at $17,873,000 after buying an additional 966,069 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in Green Plains during the 2nd quarter valued at $4,193,000.

Green Plains Stock Down 5.6%

Shares of NASDAQ GPRE opened at $14.04 on Friday. Green Plains, Inc. has a 12 month low of $8.65 and a 12 month high of $19.65. The firm has a market capitalization of $984.22 million, a price-to-earnings ratio of 8.83 and a beta of 1.17. The company has a current ratio of 1.99, a quick ratio of 1.58 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average of $16.03 and a 200-day moving average of $15.74.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.29. Green Plains had a net margin of 6.78% and a return on equity of 14.52%. The business had revenue of $446.22 million during the quarter, compared to analysts’ expectations of $542.38 million. During the same quarter in the previous year, the company earned ($1.09) EPS. Sell-side analysts expect that Green Plains, Inc. will post 2.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Zacks Research lowered Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Plains in a research note on Friday, July 17th. Oppenheimer reissued an “outperform” rating and set a $20.00 price objective on shares of Green Plains in a report on Friday, May 8th. UBS Group restated a “neutral” rating on shares of Green Plains in a research note on Tuesday. Finally, Wall Street Zen upgraded Green Plains from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.43.

Green Plains Company Profile

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.