Arizona State Retirement System raised its position in Green Plains, Inc. (NASDAQ:GPRE) by 4.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,397 shares of the specialty chemicals company’s stock after purchasing an additional 900 shares during the period. Arizona State Retirement System’s holdings in Green Plains were worth $399,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased its stake in shares of Green Plains by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the specialty chemicals company’s stock valued at $359,000 after acquiring an additional 200 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Green Plains by 89.8% during the 1st quarter. Russell Investments Group Ltd. now owns 87,684 shares of the specialty chemicals company’s stock valued at $2,170,000 after acquiring an additional 41,479 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Green Plains by 4.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 49,322 shares of the specialty chemicals company’s stock valued at $1,218,000 after acquiring an additional 2,137 shares during the last quarter. LSV Asset Management acquired a new position in shares of Green Plains during the 1st quarter valued at about $2,621,000. Finally, First Trust Advisors LP increased its stake in shares of Green Plains by 40.2% during the 1st quarter. First Trust Advisors LP now owns 70,978 shares of the specialty chemicals company’s stock valued at $1,757,000 after acquiring an additional 20,357 shares during the last quarter.
Shares of Green Plains, Inc. (NASDAQ GPRE) opened at 18.65 on Friday. The company’s 50-day moving average is $18.41 and its 200-day moving average is $21.57. Green Plains, Inc. has a 52-week low of $16.35 and a 52-week high of $29.85. The firm has a market cap of $773.68 million, a P/E ratio of 109.06 and a beta of 1.44.
Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.29. The firm had revenue of $886.30 million for the quarter, compared to analyst estimates of $986.88 million. Green Plains had a net margin of 0.19% and a return on equity of 0.68%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Equities research analysts forecast that Green Plains, Inc. will post ($0.21) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 28th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, August 24th. This represents a $0.48 annualized dividend and a dividend yield of 2.57%. Green Plains’s dividend payout ratio is 282.35%.
In other news, Director Alain Treuer sold 25,900 shares of Green Plains stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $19.51, for a total transaction of $505,309.00. Following the completion of the sale, the director now directly owns 336,008 shares in the company, valued at approximately $6,555,516.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Todd A. Becker sold 5,600 shares of Green Plains stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $23.29, for a total value of $130,424.00. Following the sale, the insider now owns 708,088 shares of the company’s stock, valued at $16,491,369.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,700 shares of company stock valued at $658,785. 6.40% of the stock is owned by corporate insiders.
A number of research analysts have recently commented on GPRE shares. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 4th. Jefferies Group LLC dropped their price objective on shares of Green Plains from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, July 10th. BidaskClub downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $28.00 price objective on shares of Green Plains in a research note on Friday, July 14th. Finally, ValuEngine downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $27.29.
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Green Plains Company Profile
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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