Green Plains Renewable Energy Inc. (NASDAQ:GPRE) Director James D. Anderson acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was acquired at an average price of $24.00 per share, with a total value of $24,000.00. Following the completion of the transaction, the director now directly owns 64,255 shares of the company’s stock, valued at approximately $1,542,120. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Green Plains Renewable Energy Inc. (NASDAQ:GPRE) opened at 24.75 on Monday. The stock has a 50 day moving average price of $25.87 and a 200 day moving average price of $22.24. The firm’s market capitalization is $949.61 million. Green Plains Renewable Energy Inc. has a 52 week low of $12.39 and a 52 week high of $28.37.

Green Plains Renewable Energy (NASDAQ:GPRE) last issued its quarterly earnings data on Monday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Green Plains Renewable Energy had a negative return on equity of 1.23% and a negative net margin of 0.36%. The company had revenue of $841.90 million for the quarter, compared to analyst estimates of $852.37 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. Equities analysts forecast that Green Plains Renewable Energy Inc. will post $0.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, November 25th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $0.48 annualized dividend and a yield of 1.94%. Green Plains Renewable Energy’s payout ratio is currently -154.83%.

A number of research firms have commented on GPRE. Stephens upgraded Green Plains Renewable Energy from an “equal weight” rating to an “overweight” rating and set a $32.00 price target on the stock in a research note on Tuesday, October 4th. Jefferies Group restated a “buy” rating and set a $32.00 price target on shares of Green Plains Renewable Energy in a research note on Wednesday, October 5th. Zacks Investment Research cut Green Plains Renewable Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Finally, Roth Capital restated a “buy” rating and set a $33.00 price target (up from $25.00) on shares of Green Plains Renewable Energy in a research note on Wednesday, October 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $27.33.

Hedge funds have recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. purchased a new stake in Green Plains Renewable Energy during the second quarter valued at approximately $14,827,000. Swiss National Bank boosted its stake in Green Plains Renewable Energy by 3.0% in the second quarter. Swiss National Bank now owns 65,600 shares of the company’s stock valued at $1,294,000 after buying an additional 1,900 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in Green Plains Renewable Energy during the second quarter valued at approximately $613,000. Deprince Race & Zollo Inc. boosted its stake in Green Plains Renewable Energy by 7.4% in the second quarter. Deprince Race & Zollo Inc. now owns 1,838,154 shares of the company’s stock valued at $36,248,000 after buying an additional 127,240 shares during the last quarter. Finally, FNY Managed Accounts LLC purchased a new stake in Green Plains Renewable Energy during the second quarter valued at approximately $548,000. 93.34% of the stock is owned by hedge funds and other institutional investors.

Green Plains Renewable Energy Company Profile

Green Plains Inc (Green Plains) is a vertically integrated producer, marketer and distributor of ethanol. The Company operates through four segments: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Company’s ethanol production segment is engaged in the production of ethanol and related distillers grain.

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