Fondren Management LP increased its position in Green Plains Inc (NASDAQ:GPRE) by 525.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 125,000 shares of the specialty chemicals company’s stock after buying an additional 105,000 shares during the period. Green Plains accounts for 1.5% of Fondren Management LP’s portfolio, making the stock its 13th largest holding. Fondren Management LP owned 0.30% of Green Plains worth $2,106,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in GPRE. Public Employees Retirement System of Ohio boosted its position in shares of Green Plains by 1.4% in the second quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock valued at $156,000 after acquiring an additional 104 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Green Plains in the fourth quarter valued at approximately $228,000. Crossmark Global Holdings Inc. bought a new stake in shares of Green Plains in the third quarter valued at approximately $329,000. Stephens Inc. AR bought a new stake in shares of Green Plains in the fourth quarter valued at approximately $391,000. Finally, Capital Innovations LLC bought a new stake in shares of Green Plains in the fourth quarter valued at approximately $419,000.
Green Plains Inc (NASDAQ GPRE) opened at $18.95 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.36 and a quick ratio of 0.56. The company has a market capitalization of $794.39, a price-to-earnings ratio of 15.41, a P/E/G ratio of 3.65 and a beta of 1.43. Green Plains Inc has a 12 month low of $15.60 and a 12 month high of $26.05.
Green Plains (NASDAQ:GPRE) last issued its earnings results on Wednesday, February 7th. The specialty chemicals company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.01. The business had revenue of $920.98 million during the quarter, compared to analyst estimates of $953.30 million. Green Plains had a negative return on equity of 3.33% and a net margin of 1.70%. Green Plains’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. research analysts predict that Green Plains Inc will post 0.5 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.53%. Green Plains’s payout ratio is 39.02%.
In other Green Plains news, insider Michelle Mapes sold 7,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $19.27, for a total transaction of $134,890.00. Following the completion of the transaction, the insider now directly owns 35,515 shares in the company, valued at $684,374.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd A. Becker acquired 9,000 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were bought at an average price of $16.74 per share, with a total value of $150,660.00. Following the completion of the purchase, the insider now directly owns 716,588 shares of the company’s stock, valued at $11,995,683.12. The disclosure for this purchase can be found here. Corporate insiders own 6.40% of the company’s stock.
GPRE has been the subject of several research reports. BidaskClub raised Green Plains from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. ValuEngine cut Green Plains from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $27.00 price objective on shares of Green Plains in a research report on Wednesday, February 7th. Finally, Zacks Investment Research raised Green Plains from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.67.
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Green Plains Company Profile
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
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