QS Investors LLC trimmed its stake in Green Plains Inc (NASDAQ:GPRE) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,357 shares of the specialty chemicals company’s stock after selling 5,762 shares during the quarter. QS Investors LLC’s holdings in Green Plains were worth $731,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPRE. Van ECK Associates Corp boosted its stake in Green Plains by 70.0% in the third quarter. Van ECK Associates Corp now owns 3,588,878 shares of the specialty chemicals company’s stock valued at $72,316,000 after acquiring an additional 1,478,073 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in Green Plains in the fourth quarter valued at about $9,045,000. JPMorgan Chase & Co. boosted its stake in Green Plains by 65.5% in the third quarter. JPMorgan Chase & Co. now owns 986,647 shares of the specialty chemicals company’s stock valued at $19,734,000 after acquiring an additional 390,572 shares during the last quarter. BlackRock Inc. boosted its stake in Green Plains by 5.6% in the fourth quarter. BlackRock Inc. now owns 5,245,101 shares of the specialty chemicals company’s stock valued at $88,382,000 after acquiring an additional 276,910 shares during the last quarter. Finally, Private Management Group Inc. boosted its stake in Green Plains by 18.9% in the fourth quarter. Private Management Group Inc. now owns 1,139,763 shares of the specialty chemicals company’s stock valued at $19,205,000 after acquiring an additional 181,206 shares during the last quarter.
In related news, insider Michelle Mapes sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $19.27, for a total transaction of $134,890.00. Following the sale, the insider now directly owns 35,515 shares in the company, valued at approximately $684,374.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.40% of the company’s stock.
Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Wednesday, February 7th. The specialty chemicals company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.01. The company had revenue of $920.98 million for the quarter, compared to analysts’ expectations of $953.30 million. Green Plains had a net margin of 1.70% and a negative return on equity of 3.33%. Green Plains’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS. research analysts predict that Green Plains Inc will post 0.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, February 23rd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Thursday, February 22nd. Green Plains’s payout ratio is currently 39.02%.
GPRE has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Green Plains from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 8th. ValuEngine cut shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Piper Jaffray Companies restated a “buy” rating and set a $27.00 price target on shares of Green Plains in a research note on Wednesday, February 7th. Finally, Zacks Investment Research upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Monday, March 19th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $26.67.
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About Green Plains
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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