Los Angeles Capital Management LLC Purchases New Shares in Green Plains, Inc. $GPRE

Los Angeles Capital Management LLC acquired a new stake in Green Plains, Inc. (NASDAQ:GPRE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,115 shares of the specialty chemicals company’s stock, valued at approximately $85,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Inspire Investing LLC increased its position in Green Plains by 52.7% during the first quarter. Inspire Investing LLC now owns 70,629 shares of the specialty chemicals company’s stock worth $343,000 after acquiring an additional 24,388 shares during the period. Voleon Capital Management LP bought a new stake in Green Plains in the 1st quarter valued at about $358,000. Cubist Systematic Strategies LLC grew its position in shares of Green Plains by 2,026.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 295,606 shares of the specialty chemicals company’s stock worth $1,434,000 after purchasing an additional 281,706 shares in the last quarter. AE Wealth Management LLC bought a new position in shares of Green Plains during the first quarter worth approximately $141,000. Finally, Nexpoint Asset Management L.P. raised its position in shares of Green Plains by 805.5% in the first quarter. Nexpoint Asset Management L.P. now owns 382,563 shares of the specialty chemicals company’s stock valued at $1,855,000 after buying an additional 340,313 shares in the last quarter.

Insider Buying and Selling

In other news, insider Michelle Mapes sold 30,954 shares of the 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 completion of the transaction, the insider directly owned 60,558 shares in the company, valued at approximately $575,906.58. This represents a 33.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

Green Plains Price Performance

Green Plains stock opened at $10.43 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.94 and a current ratio of 1.47. Green Plains, Inc. has a 52 week low of $3.14 and a 52 week high of $12.31. The stock has a market capitalization of $728.38 million, a P/E ratio of -4.35 and a beta of 1.28. The stock has a fifty day moving average of $10.03 and a 200-day moving average of $7.97.

Green Plains (NASDAQ:GPRE) last released its earnings results on Wednesday, November 5th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.48. The firm had revenue of $508.49 million for the quarter, compared to analysts’ expectations of $583.55 million. Green Plains had a negative return on equity of 13.65% and a negative net margin of 6.34%.The business’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 earnings per share. On average, sell-side analysts expect that Green Plains, Inc. will post -0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Tudor, Pickering, Holt & Co. raised Green Plains from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Monday, October 6th. Tudor Pickering raised Green Plains from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Bank of America boosted their price target on Green Plains from $7.00 to $9.00 and gave the company an “underperform” rating in a research note on Tuesday, October 14th. Roth Capital cut shares of Green Plains from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Thursday, November 6th. Finally, Oppenheimer set a $15.00 target price on shares of Green Plains and gave the company an “outperform” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.00.

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.