Van ECK Associates Corp Invests $694,000 in Green Plains, Inc. $GPRE

Van ECK Associates Corp purchased a new stake in Green Plains, Inc. (NASDAQ:GPRE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 45,142 shares of the specialty chemicals company’s stock, valued at approximately $694,000.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Green Plains during the third quarter valued at about $67,000. Marex Group plc acquired a new position in Green Plains during the 4th quarter valued at about $98,000. Virtus Advisers LLC bought a new stake in Green Plains during the 4th quarter worth approximately $98,000. WINTON GROUP Ltd purchased a new stake in shares of Green Plains in the second quarter worth approximately $61,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Green Plains in the fourth quarter valued at approximately $100,000.

Wall Street Analysts Forecast Growth

GPRE has been the subject of several analyst reports. Wall Street Zen upgraded shares of Green Plains from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Zacks Research lowered shares of Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. UBS Group reissued a “neutral” rating on shares of Green Plains in a research report on Tuesday, August 25th. Oppenheimer reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Green Plains in a report on Friday, May 8th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Green Plains in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.43.

Green Plains Price Performance

Green Plains stock opened at $15.45 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.58. The firm has a market capitalization of $1.08 billion, a P/E ratio of 9.72 and a beta of 1.16. Green Plains, Inc. has a one year low of $8.65 and a one year high of $19.65. The business has a fifty day moving average price of $16.04 and a 200-day moving average price of $15.76.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.29. The business had revenue of $446.22 million for the quarter, compared to analyst estimates of $542.38 million. Green Plains had a net margin of 6.78% and a return on equity of 14.52%. During the same quarter in the prior year, the firm posted ($1.09) EPS. As a group, equities research analysts forecast that Green Plains, Inc. will post 2.04 EPS for the current year.

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.