J. Goldman & Co LP Purchases Shares of 137,506 Green Plains, Inc. $GPRE

J. Goldman & Co LP acquired a new position in Green Plains, Inc. (NASDAQ:GPRE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 137,506 shares of the specialty chemicals company’s stock, valued at approximately $2,115,000. J. Goldman & Co LP owned about 0.20% of Green Plains as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GPRE. Quarry LP acquired a new stake in Green Plains in the third quarter valued at approximately $67,000. Marex Group plc purchased a new position in Green Plains during the 4th quarter worth $98,000. Virtus Advisers LLC purchased a new position in Green Plains during the 4th quarter worth $98,000. WINTON GROUP Ltd purchased a new stake in Green Plains in the second quarter valued at about $61,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Green Plains in the fourth quarter valued at about $100,000.

Green Plains Price Performance

NASDAQ:GPRE opened at $14.65 on Wednesday. Green Plains, Inc. has a one year low of $8.65 and a one year high of $19.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 1.99. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 9.21 and a beta of 1.17. The firm’s fifty day moving average is $16.04 and its two-hundred day moving average is $15.73.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.29. The firm had revenue of $446.22 million for the quarter, compared to the consensus estimate of $542.38 million. Green Plains had a return on equity of 14.52% and a net margin of 6.78%.During the same quarter in the prior year, the business earned ($1.09) earnings per share. Research analysts expect that Green Plains, Inc. will post 2.04 EPS for the current year.

Wall Street Analyst Weigh In

GPRE has been the topic of a number of research analyst reports. Wall Street Zen upgraded Green Plains from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Stephens lifted their target price on shares of Green Plains from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a research note on Friday, July 17th. Zacks Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Finally, UBS Group reissued a “neutral” rating on shares of Green Plains in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.43.

Green Plains Company Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.