First Trust Advisors LP Increases Holdings in Green Plains, Inc. (GPRE)
First Trust Advisors LP boosted its position in Green Plains, Inc. (NASDAQ:GPRE) by 47.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,479 shares of the specialty chemicals company’s stock after purchasing an additional 33,501 shares during the period. First Trust Advisors LP owned about 0.26% of Green Plains worth $2,147,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in GPRE. BlackRock Inc. boosted its position in Green Plains by 44,650.2% in the first quarter. BlackRock Inc. now owns 4,439,215 shares of the specialty chemicals company’s stock worth $109,870,000 after purchasing an additional 4,429,295 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Green Plains by 102.5% in the first quarter. Point72 Asset Management L.P. now owns 3,323,106 shares of the specialty chemicals company’s stock worth $82,247,000 after purchasing an additional 1,682,049 shares during the last quarter. State Street Corp boosted its position in Green Plains by 31.7% in the first quarter. State Street Corp now owns 1,947,171 shares of the specialty chemicals company’s stock worth $48,195,000 after purchasing an additional 468,205 shares during the last quarter. Precocity Capital LP purchased a new position in Green Plains in the first quarter worth about $9,900,000. Finally, Bank of Montreal Can boosted its position in Green Plains by 1,157.1% in the second quarter. Bank of Montreal Can now owns 279,281 shares of the specialty chemicals company’s stock worth $5,739,000 after purchasing an additional 257,065 shares during the last quarter.
Green Plains, Inc. (NASDAQ GPRE) opened at 18.65 on Monday. The stock’s 50 day moving average price is $18.41 and its 200-day moving average price is $21.57. The stock has a market capitalization of $773.68 million, a PE ratio of 109.06 and a beta of 1.44. Green Plains, Inc. has a 52-week low of $16.35 and a 52-week high of $29.85.
Green Plains (NASDAQ:GPRE) last issued its earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.29. Green Plains had a return on equity of 0.68% and a net margin of 0.19%. The company had revenue of $886.30 million during the quarter, compared to analysts’ expectations of $986.88 million. During the same quarter in the previous year, the company earned $0.21 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts expect that Green Plains, Inc. will post ($0.21) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 28th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.57%. Green Plains’s payout ratio is 282.35%.
In other news, Director Alain Treuer sold 25,900 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $19.51, for a total value of $505,309.00. Following the sale, the director now owns 336,008 shares in the company, valued at $6,555,516.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Todd A. Becker sold 5,600 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $23.29, for a total value of $130,424.00. Following the completion of the sale, the insider now owns 708,088 shares in the company, valued at approximately $16,491,369.52. The disclosure for this sale can be found here. Insiders sold 32,700 shares of company stock worth $658,785 in the last 90 days. Company insiders own 6.40% of the company’s stock.
GPRE has been the topic of several research reports. Zacks Investment Research raised Green Plains from a “strong sell” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub cut Green Plains from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC lowered their price objective on Green Plains from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, July 10th. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Green Plains in a research report on Wednesday, July 26th. Finally, ValuEngine cut Green Plains from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $27.29.
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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