Shares of Green Plains Partners LP (NASDAQ:GPP) have been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $22.08.

A number of equities research analysts have recently commented on the stock. BidaskClub lowered shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Bank of America Corporation lowered shares of Green Plains Partners from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $22.00 to $19.00 in a research note on Wednesday, August 2nd. Roth Capital set a $24.00 price objective on shares of Green Plains Partners and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $22.00 target price on shares of Green Plains Partners in a research note on Tuesday, June 6th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $22.00 target price on shares of Green Plains Partners in a research note on Friday, July 28th.

Shares of Green Plains Partners (NASDAQ GPP) traded down 0.26% during midday trading on Tuesday, hitting $19.35. 6,238 shares of the company were exchanged. The firm’s 50 day moving average price is $18.98 and its 200 day moving average price is $19.34. The firm has a market capitalization of $615.58 million, a price-to-earnings ratio of 10.70 and a beta of 0.99. Green Plains Partners has a one year low of $17.05 and a one year high of $21.75.

Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings data on Monday, July 31st. The transportation company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.10. Green Plains Partners had a net margin of 54.97% and a negative return on equity of 90.84%. The firm had revenue of $25.10 million during the quarter, compared to the consensus estimate of $29.62 million. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts forecast that Green Plains Partners will post $1.85 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Friday, August 4th were paid a dividend of $0.45 per share. The ex-dividend date was Wednesday, August 2nd. This is a positive change from Green Plains Partners’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a yield of 9.28%. Green Plains Partners’s dividend payout ratio is currently 100.00%.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC lifted its stake in shares of Green Plains Partners by 54.7% in the second quarter. Acrospire Investment Management LLC now owns 6,370 shares of the transportation company’s stock valued at $119,000 after buying an additional 2,252 shares in the last quarter. WealthPLAN Partners LLC bought a new position in shares of Green Plains Partners in the second quarter valued at $210,000. Wedbush Securities Inc. bought a new position in shares of Green Plains Partners in the second quarter valued at $213,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Green Plains Partners by 11.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,635 shares of the transportation company’s stock valued at $274,000 after buying an additional 1,417 shares in the last quarter. Finally, HITE Hedge Asset Management LLC bought a new position in shares of Green Plains Partners in the first quarter valued at $322,000. 44.81% of the stock is currently owned by institutional investors and hedge funds.

About Green Plains Partners

Green Plains Partners LP provides fuel storage and transportation services. The Company owns, operates, develops and acquires ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).

Analyst Recommendations for Green Plains Partners (NASDAQ:GPP)

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