Bridgefront Capital LLC Makes New Investment in Green Plains Inc. (NASDAQ:GPRE)

Bridgefront Capital LLC bought a new position in Green Plains Inc. (NASDAQ:GPRE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 23,258 shares of the specialty chemicals company’s stock, valued at approximately $220,000.

Several other large investors have also modified their holdings of the business. BNP Paribas Financial Markets grew its stake in Green Plains by 48.4% in the 4th quarter. BNP Paribas Financial Markets now owns 82,043 shares of the specialty chemicals company’s stock worth $778,000 after acquiring an additional 26,776 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Green Plains by 424.8% in the 4th quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company’s stock worth $7,624,000 after purchasing an additional 650,937 shares in the last quarter. Algert Global LLC grew its stake in shares of Green Plains by 340.4% during the fourth quarter. Algert Global LLC now owns 511,295 shares of the specialty chemicals company’s stock worth $4,847,000 after acquiring an additional 395,195 shares during the last quarter. Nexpoint Asset Management L.P. grew its position in Green Plains by 176.1% during the 4th quarter. Nexpoint Asset Management L.P. now owns 42,250 shares of the specialty chemicals company’s stock worth $401,000 after purchasing an additional 26,950 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in shares of Green Plains during the fourth quarter valued at $219,000.

Green Plains Stock Performance

Shares of GPRE stock opened at $3.84 on Friday. Green Plains Inc. has a one year low of $3.14 and a one year high of $20.54. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48. The firm’s 50 day moving average price is $4.38 and its 200-day moving average price is $7.80. The firm has a market cap of $260.68 million, a P/E ratio of -2.82 and a beta of 1.19.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Thursday, May 8th. The specialty chemicals company reported ($1.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.63). The business had revenue of $601.52 million for the quarter, compared to analyst estimates of $605.62 million. Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.81) EPS. As a group, equities research analysts predict that Green Plains Inc. will post -0.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GPRE. StockNews.com lowered shares of Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Jefferies Financial Group cut Green Plains from a “buy” rating to a “hold” rating and cut their price objective for the company from $14.00 to $6.00 in a research report on Tuesday, March 11th. BMO Capital Markets decreased their price target on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, February 10th. Truist Financial reaffirmed a “buy” rating and set a $12.00 target price (down previously from $18.00) on shares of Green Plains in a report on Thursday, February 13th. Finally, UBS Group downgraded Green Plains from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.07.

About Green Plains

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.