Green Plains (NASDAQ:GPRE) Stock Price Down 6%

Shares of Green Plains Inc (NASDAQ:GPRE) traded down 6% during mid-day trading on Wednesday . The company traded as low as $11.35 and last traded at $11.36. 669,274 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 567,838 shares. The stock had previously closed at $12.09.

Several brokerages recently weighed in on GPRE. Zacks Investment Research raised shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Friday, April 12th. ValuEngine raised shares of Green Plains from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, BidaskClub raised shares of Green Plains from a “hold” rating to a “buy” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.50.

The stock has a market cap of $485.46 million, a price-to-earnings ratio of -5.24 and a beta of 1.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.49 and a current ratio of 1.41.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Wednesday, May 8th. The specialty chemicals company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.68). The business had revenue of $642.30 million for the quarter, compared to the consensus estimate of $779.84 million. Green Plains had a negative net margin of 0.08% and a negative return on equity of 10.48%. Green Plains’s revenue was down 38.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.60) EPS. As a group, equities analysts predict that Green Plains Inc will post -0.3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.48 annualized dividend and a yield of 4.23%. Green Plains’s dividend payout ratio (DPR) is presently -22.12%.

In other Green Plains news, Director Alain Treuer sold 9,029 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $13.06, for a total transaction of $117,918.74. Following the transaction, the director now owns 329,173 shares in the company, valued at $4,298,999.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Paul E. Kolomaya sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $16.97, for a total value of $33,940.00. Following the transaction, the executive vice president now owns 81,859 shares in the company, valued at approximately $1,389,147.23. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,799 shares of company stock worth $417,180. Corporate insiders own 5.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in Green Plains by 3.7% during the first quarter. JPMorgan Chase & Co. now owns 18,199 shares of the specialty chemicals company’s stock worth $303,000 after buying an additional 650 shares in the last quarter. Northwest Wealth Management LLC boosted its stake in Green Plains by 38.5% during the first quarter. Northwest Wealth Management LLC now owns 2,351 shares of the specialty chemicals company’s stock worth $39,000 after buying an additional 654 shares in the last quarter. Texas Permanent School Fund boosted its stake in Green Plains by 2.8% during the first quarter. Texas Permanent School Fund now owns 26,194 shares of the specialty chemicals company’s stock worth $437,000 after buying an additional 719 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Green Plains by 7.6% during the first quarter. Macquarie Group Ltd. now owns 12,234 shares of the specialty chemicals company’s stock worth $204,000 after buying an additional 859 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Green Plains by 0.8% during the first quarter. Rhumbline Advisers now owns 116,945 shares of the specialty chemicals company’s stock worth $1,951,000 after buying an additional 946 shares in the last quarter.

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About Green Plains (NASDAQ:GPRE)

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

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