Michelle Mapes Sells 30,954 Shares of Green Plains (NASDAQ:GPRE) Stock

Green Plains, Inc. (NASDAQ:GPRE) insider Michelle Mapes sold 30,954 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $9.51, for a total value of $294,372.54. Following the transaction, the insider owned 60,558 shares in the company, valued at approximately $575,906.58. This trade represents a 33.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Green Plains Trading Down 4.7%

Green Plains stock opened at $9.19 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.94 and a current ratio of 1.47. The stock has a market cap of $602.59 million, a PE ratio of -3.83 and a beta of 1.22. The stock has a 50-day moving average of $9.13 and a two-hundred day moving average of $6.37. Green Plains, Inc. has a one year low of $3.14 and a one year high of $14.04.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Monday, August 11th. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.13). The company had revenue of $552.83 million for the quarter, compared to analyst estimates of $578.18 million. Green Plains had a negative net margin of 6.34% and a negative return on equity of 13.65%. The business’s revenue was down 10.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.38) EPS. On average, research analysts anticipate that Green Plains, Inc. will post -0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPRE. GatePass Capital LLC boosted its holdings in Green Plains by 69.6% in the second quarter. GatePass Capital LLC now owns 39,000 shares of the specialty chemicals company’s stock valued at $235,000 after purchasing an additional 16,000 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Green Plains by 1,053.6% in the second quarter. Squarepoint Ops LLC now owns 141,132 shares of the specialty chemicals company’s stock worth $851,000 after buying an additional 155,932 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Green Plains during the second quarter worth about $391,000. Snowden Capital Advisors LLC raised its position in Green Plains by 173.5% during the second quarter. Snowden Capital Advisors LLC now owns 49,097 shares of the specialty chemicals company’s stock valued at $296,000 after acquiring an additional 31,144 shares in the last quarter. Finally, Grizzlyrock Capital LLC lifted its holdings in Green Plains by 3.2% in the second quarter. Grizzlyrock Capital LLC now owns 559,082 shares of the specialty chemicals company’s stock valued at $3,371,000 after acquiring an additional 17,100 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GPRE shares. Bank of America reaffirmed an “underperform” rating and issued a $7.00 price target (up previously from $4.50) on shares of Green Plains in a report on Thursday, August 14th. Oppenheimer raised Green Plains from a “market perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research report on Thursday, August 28th. Finally, Zacks Research raised Green Plains to a “hold” rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.83.

Green Plains Company Profile

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.