Green Plains Partners LP (NASDAQ:GPP) COO Jeffrey S. Briggs bought 2,000 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was acquired at an average cost of $18.09 per share, for a total transaction of $36,180.00. Following the purchase, the chief operating officer now owns 4,000 shares in the company, valued at approximately $72,360. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Green Plains Partners LP (NASDAQ:GPP) opened at 18.20 on Wednesday. Green Plains Partners LP has a 1-year low of $12.41 and a 1-year high of $21.75. The company’s 50-day moving average is $0.00 and its 200 day moving average is $0.00.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Friday, November 4th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 9.23%. The ex-dividend date was Wednesday, November 2nd. This is a positive change from Green Plains Partners’s previous quarterly dividend of $0.41. Green Plains Partners’s dividend payout ratio is currently 103.70%.

A number of brokerages have recently commented on GPP. Roth Capital reissued a “buy” rating on shares of Green Plains Partners in a research note on Monday, August 1st. Credit Suisse Group AG set a $20.00 target price on shares of Green Plains Partners and gave the company a “buy” rating in a research note on Wednesday, August 3rd. RBC Capital Markets reissued an “outperform” rating and issued a $19.00 target price (up previously from $16.00) on shares of Green Plains Partners in a research note on Thursday, August 4th. DA Davidson reissued a “buy” rating and issued a $21.50 target price on shares of Green Plains Partners in a research note on Tuesday, September 27th. Finally, Zacks Investment Research downgraded shares of Green Plains Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, November 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Green Plains Partners presently has a consensus rating of “Buy” and a consensus target price of $19.81.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Feltz Wealth PLAN Inc. bought a new position in Green Plains Partners during the second quarter valued at $167,000. Wedbush Securities Inc. bought a new position in Green Plains Partners during the third quarter valued at $230,000. BlackRock Institutional Trust Company N.A. bought a new position in Green Plains Partners during the second quarter valued at $238,000. GSA Capital Partners LLP bought a new position in Green Plains Partners during the second quarter valued at $259,000. Finally, Nwam LLC bought a new position in Green Plains Partners during the second quarter valued at $276,000. Hedge funds and other institutional investors own 52.25% of the company’s stock.

About Green Plains Partners

Green Plains Partners LP provides fee-based fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).

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