Green Plains Partners (NASDAQ:GPP) Rating Increased to Sell at BidaskClub

BidaskClub upgraded shares of Green Plains Partners (NASDAQ:GPP) from a strong sell rating to a sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

A number of other analysts also recently commented on GPP. Zacks Investment Research downgraded shares of Green Plains Partners from a hold rating to a sell rating in a report on Thursday, November 7th. Stifel Nicolaus set a $14.00 price objective on shares of Green Plains Partners and gave the stock a hold rating in a report on Wednesday, August 7th. Finally, ValuEngine raised shares of Green Plains Partners from a strong sell rating to a sell rating in a report on Thursday, October 10th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has an average rating of Hold and a consensus price target of $16.25.

Shares of NASDAQ:GPP opened at $13.63 on Friday. The company has a market cap of $317.99 million, a price-to-earnings ratio of 8.57 and a beta of 0.54. The firm’s 50-day simple moving average is $13.60 and its 200-day simple moving average is $13.73. Green Plains Partners has a fifty-two week low of $12.53 and a fifty-two week high of $16.47.

Green Plains Partners (NASDAQ:GPP) last issued its earnings results on Tuesday, November 5th. The transportation company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.03). The firm had revenue of $20.15 million during the quarter, compared to analysts’ expectations of $20.85 million. Green Plains Partners had a net margin of 53.01% and a negative return on equity of 57.70%. As a group, sell-side analysts forecast that Green Plains Partners will post 1.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 13.94%. The ex-dividend date of this dividend was Thursday, October 31st. Green Plains Partners’s dividend payout ratio is currently 119.50%.

A number of hedge funds have recently added to or reduced their stakes in GPP. Virtus ETF Advisers LLC purchased a new stake in Green Plains Partners during the second quarter worth about $2,267,000. Mondrian Investment Partners LTD boosted its holdings in Green Plains Partners by 14.0% during the third quarter. Mondrian Investment Partners LTD now owns 295,780 shares of the transportation company’s stock worth $3,928,000 after buying an additional 36,309 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Green Plains Partners by 24.0% during the second quarter. HighTower Advisors LLC now owns 108,587 shares of the transportation company’s stock worth $1,519,000 after buying an additional 21,014 shares in the last quarter. Advantage Investment Management LLC purchased a new stake in Green Plains Partners during the second quarter worth about $249,000. Finally, Wiley BROS. Aintree Capital LLC purchased a new stake in Green Plains Partners during the third quarter worth about $157,000. 16.84% of the stock is currently owned by hedge funds and other institutional investors.

Green Plains Partners Company Profile

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 32 ethanol storage facilities and approximately 49 acres of land.

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