Green Plains Inc (GPRE) Holdings Lifted by Fondren Management LP
Fondren Management LP grew its holdings in Green Plains Inc (NASDAQ:GPRE) by 525.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 125,000 shares of the specialty chemicals company’s stock after buying an additional 105,000 shares during the quarter. Green Plains comprises approximately 1.5% of Fondren Management LP’s portfolio, making the stock its 13th largest holding. Fondren Management LP’s holdings in Green Plains were worth $2,106,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Teachers Advisors LLC increased its stake in shares of Green Plains by 0.5% in the fourth quarter. Teachers Advisors LLC now owns 652,022 shares of the specialty chemicals company’s stock valued at $10,987,000 after buying an additional 3,494 shares in the last quarter. Mangrove Partners bought a new position in Green Plains in the fourth quarter valued at about $15,809,000. Guggenheim Capital LLC boosted its holdings in Green Plains by 88.8% in the fourth quarter. Guggenheim Capital LLC now owns 182,931 shares of the specialty chemicals company’s stock valued at $3,084,000 after acquiring an additional 86,058 shares during the last quarter. Landscape Capital Management L.L.C. boosted its holdings in Green Plains by 149.7% in the fourth quarter. Landscape Capital Management L.L.C. now owns 30,937 shares of the specialty chemicals company’s stock valued at $521,000 after acquiring an additional 18,547 shares during the last quarter. Finally, Bay Street Capital Partners LLC bought a new position in Green Plains in the fourth quarter valued at about $2,902,000.
Green Plains Inc (NASDAQ:GPRE) opened at $18.95 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.56 and a debt-to-equity ratio of 0.72. Green Plains Inc has a 1-year low of $15.60 and a 1-year high of $26.05. The stock has a market capitalization of $794.39, a PE ratio of 15.41, a price-to-earnings-growth ratio of 3.65 and a beta of 1.43.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, February 22nd. Green Plains’s dividend payout ratio (DPR) is currently 39.02%.
In other Green Plains news, insider Michelle Mapes sold 7,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $19.27, for a total transaction of $134,890.00. Following the transaction, the insider now owns 35,515 shares in the company, valued at $684,374.05. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Todd A. Becker bought 9,000 shares of Green Plains stock in a transaction on Friday, December 22nd. The shares were bought at an average price of $16.74 per share, for a total transaction of $150,660.00. Following the acquisition, the insider now owns 716,588 shares of the company’s stock, valued at approximately $11,995,683.12. The disclosure for this purchase can be found here. 6.40% of the stock is currently owned by company insiders.
Several equities analysts recently issued reports on the company. BidaskClub upgraded Green Plains from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. ValuEngine upgraded Green Plains from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Zacks Investment Research cut Green Plains from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $27.00 price target on shares of Green Plains in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Green Plains presently has an average rating of “Buy” and an average price target of $26.67.
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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.
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