Hillsdale Investment Management Inc. Makes New Investment in Green Plains, Inc. $GPRE

Hillsdale Investment Management Inc. bought a new position in Green Plains, Inc. (NASDAQ:GPRE) in the 1st quarter, HoldingsChannel.com reports. The firm bought 279,375 shares of the specialty chemicals company’s stock, valued at approximately $4,596,000.

Other institutional investors have also recently made changes to their positions in the company. Tudor Investment Corp ET AL purchased a new position in Green Plains during the third quarter worth about $3,351,000. Assenagon Asset Management S.A. grew its position in Green Plains by 825.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 436,228 shares of the specialty chemicals company’s stock worth $4,275,000 after purchasing an additional 389,102 shares in the last quarter. Kailix Advisors LLC grew its position in Green Plains by 18.5% in the 4th quarter. Kailix Advisors LLC now owns 1,369,211 shares of the specialty chemicals company’s stock worth $13,418,000 after purchasing an additional 213,888 shares in the last quarter. Cinctive Capital Management LP purchased a new stake in Green Plains in the 3rd quarter valued at about $1,978,000. Finally, BNP Paribas Financial Markets increased its stake in Green Plains by 112.6% in the 4th quarter. BNP Paribas Financial Markets now owns 1,823,740 shares of the specialty chemicals company’s stock valued at $17,873,000 after buying an additional 966,069 shares during the last quarter.

Green Plains Stock Performance

NASDAQ GPRE opened at $17.12 on Wednesday. The company has a market capitalization of $1.20 billion, a PE ratio of -51.88 and a beta of 1.19. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.27 and a current ratio of 1.71. Green Plains, Inc. has a 52-week low of $7.07 and a 52-week high of $18.94. The company has a 50-day simple moving average of $15.76 and a 200 day simple moving average of $14.59.

Green Plains (NASDAQ:GPRE) last released its earnings results on Thursday, May 7th. The specialty chemicals company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.43. The firm had revenue of $445.80 million for the quarter, compared to analysts’ expectations of $532.53 million. Green Plains had a negative net margin of 0.80% and a positive return on equity of 2.86%. The company’s quarterly revenue was down 25.9% on a year-over-year basis. During the same period in the previous year, the company earned ($1.14) earnings per share. On average, research analysts predict that Green Plains, Inc. will post 2.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. BMO Capital Markets lifted their target price on shares of Green Plains from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 25th. Wall Street Zen downgraded Green Plains from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Zacks Research downgraded Green Plains from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Stephens lifted their price target on Green Plains from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Oppenheimer reissued an “outperform” rating and issued a $20.00 price objective on shares of Green Plains in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.29.

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.