Green Plains (GPRE) Cut to Sell at BidaskClub

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BidaskClub lowered shares of Green Plains (NASDAQ:GPRE) from a hold rating to a sell rating in a research report released on Friday.

Other research analysts have also issued reports about the stock. ValuEngine raised shares of Green Plains from a hold rating to a buy rating in a research note on Friday, October 12th. Zacks Investment Research raised shares of Green Plains from a sell rating to a hold rating in a research note on Tuesday, November 6th. Finally, TheStreet lowered shares of Green Plains from a c rating to a d+ rating in a research note on Monday, November 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $24.00.

Shares of GPRE traded up $0.02 during trading hours on Friday, hitting $13.48. 537,092 shares of the stock were exchanged, compared to its average volume of 626,563. Green Plains has a fifty-two week low of $12.00 and a fifty-two week high of $21.90. The company has a quick ratio of 0.49, a current ratio of 1.37 and a debt-to-equity ratio of 0.76. The stock has a market cap of $555.37 million, a PE ratio of -15.67, a price-to-earnings-growth ratio of 10.32 and a beta of 1.11.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Wednesday, November 7th. The specialty chemicals company reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.19). Green Plains had a negative return on equity of 4.22% and a net margin of 0.23%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $996.40 million. During the same quarter last year, the company earned ($0.18) earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Green Plains will post -1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Tuesday, November 27th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, November 26th. This represents a $0.48 annualized dividend and a dividend yield of 3.56%. Green Plains’s dividend payout ratio is currently -55.81%.

In other news, insider Jeffrey S. Briggs sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $17.28, for a total value of $432,000.00. Following the completion of the sale, the insider now directly owns 158,801 shares in the company, valued at approximately $2,744,081.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michelle Mapes sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $17.14, for a total transaction of $119,980.00. Following the completion of the sale, the insider now owns 42,419 shares of the company’s stock, valued at $727,061.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 214,680 shares of company stock valued at $3,365,190. 5.90% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake in shares of Green Plains by 1,751.9% in the second quarter. Tower Research Capital LLC TRC now owns 8,852 shares of the specialty chemicals company’s stock worth $162,000 after buying an additional 8,374 shares during the period. Sei Investments Co. increased its stake in shares of Green Plains by 6,817.4% in the second quarter. Sei Investments Co. now owns 11,552 shares of the specialty chemicals company’s stock worth $211,000 after buying an additional 11,385 shares during the period. Trexquant Investment LP purchased a new position in shares of Green Plains in the third quarter worth $251,000. Alps Advisors Inc. purchased a new position in shares of Green Plains in the third quarter worth $285,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Green Plains in the third quarter worth $308,000.

Green Plains Company Profile

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

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