South Dakota Investment Council Has $748,000 Position in Green Plains, Inc. (GPRE)
South Dakota Investment Council continued to hold its stake in Green Plains, Inc. (NASDAQ:GPRE) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,400 shares of the specialty chemicals company’s stock at the end of the second quarter. South Dakota Investment Council owned about 0.09% of Green Plains worth $748,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in Green Plains by 7.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,022 shares of the specialty chemicals company’s stock worth $100,000 after acquiring an additional 270 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Green Plains by 85.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,289 shares of the specialty chemicals company’s stock worth $149,000 after acquiring an additional 3,369 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Green Plains by 2.0% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the specialty chemicals company’s stock worth $202,000 after acquiring an additional 160 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new position in Green Plains in the 1st quarter worth $204,000. Finally, Mason Street Advisors LLC raised its stake in Green Plains by 6.5% in the 1st quarter. Mason Street Advisors LLC now owns 8,303 shares of the specialty chemicals company’s stock worth $205,000 after acquiring an additional 506 shares during the last quarter.
Shares of Green Plains, Inc. (GPRE) opened at 20.40 on Friday. The firm has a market capitalization of $846.27 million, a P/E ratio of 119.30 and a beta of 1.44. Green Plains, Inc. has a 12 month low of $16.35 and a 12 month high of $29.85. The firm’s 50-day moving average price is $18.46 and its 200 day moving average price is $21.42.
Green Plains (NASDAQ:GPRE) last announced 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 net margin of 0.19% and a return on equity of 0.68%. The business had revenue of $886.30 million during the quarter, compared to analysts’ expectations of $986.88 million. During the same period in the previous year, the company posted $0.21 earnings per share. Green Plains’s quarterly revenue was down .2% on a year-over-year basis. Analysts anticipate that Green Plains, Inc. will post ($0.21) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Monday, August 28th were issued a $0.12 dividend. The ex-dividend date was Thursday, August 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.35%. Green Plains’s payout ratio is 282.35%.
A number of equities analysts recently issued reports on GPRE shares. Jefferies Group LLC restated a “buy” rating and issued a $25.00 target price (down previously from $28.00) on shares of Green Plains in a research note on Wednesday, August 2nd. Roth Capital set a $27.00 target price on Green Plains and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Craig Hallum started coverage on Green Plains in a research note on Thursday. They issued a “buy” rating and a $29.00 target price for the company. Piper Jaffray Companies restated a “hold” rating and issued a $19.00 target price on shares of Green Plains in a research note on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Green Plains from a “strong sell” rating to a “hold” rating in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Green Plains currently has a consensus rating of “Buy” and a consensus price target of $27.50.
In other news, Director Alain Treuer sold 25,900 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $19.51, for a total value of $505,309.00. Following the completion of the sale, the director now directly owns 336,008 shares of the company’s stock, valued at $6,555,516.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 28,112 shares of company stock valued at $547,387 over the last ninety days. Corporate insiders own 6.40% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “South Dakota Investment Council Has $748,000 Position in Green Plains, Inc. (GPRE)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/09/16/south-dakota-investment-council-has-748000-position-in-green-plains-inc-gpre.html.
About Green Plains
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.
Want to see what other hedge funds are holding GPRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Plains, Inc. (NASDAQ:GPRE).
Receive News & Stock Ratings for Green Plains Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains Inc. and related stocks with our FREE daily email newsletter.