Ejnar A. Knudsen III Acquires 15,483 Shares of Green Plains Inc (GPRE) Stock

Green Plains Inc (NASDAQ:GPRE) Director Ejnar A. Knudsen III bought 15,483 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was acquired at an average cost of $16.54 per share, for a total transaction of $256,088.82. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Green Plains Inc (NASDAQ:GPRE) opened at $16.85 on Friday. Green Plains Inc has a 12 month low of $15.60 and a 12 month high of $29.85. The company has a current ratio of 1.57, a quick ratio of 0.70 and a debt-to-equity ratio of 0.82.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Wednesday, November 1st. The specialty chemicals company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.47). Green Plains had a negative return on equity of 0.88% and a net margin of 0.92%. The business had revenue of $901.20 million for the quarter, compared to analyst estimates of $933.36 million. During the same quarter last year, the company posted $0.20 EPS. Green Plains’s quarterly revenue was up 7.0% on a year-over-year basis. sell-side analysts forecast that Green Plains Inc will post -0.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 27th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 2.85%. Green Plains’s dividend payout ratio (DPR) is 67.61%.

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue lifted its holdings in Green Plains by 85.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,289 shares of the specialty chemicals company’s stock worth $149,000 after buying an additional 3,369 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Green Plains by 1.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock worth $156,000 after buying an additional 104 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new position in Green Plains in the 1st quarter worth $204,000. Bayesian Capital Management LP acquired a new position in Green Plains in the 2nd quarter worth $255,000. Finally, Marshall Wace North America L.P. acquired a new position in Green Plains in the 2nd quarter worth $305,000.

Several equities analysts recently commented on GPRE shares. Roth Capital set a $25.00 target price on Green Plains and gave the company a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research raised Green Plains from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. BMO Capital Markets reaffirmed an “outperform” rating and set a $25.00 price objective (down previously from $30.00) on shares of Green Plains in a report on Monday, November 6th. Piper Jaffray Companies raised Green Plains from a “neutral” rating to an “overweight” rating in a report on Friday, November 3rd. Finally, Craig Hallum assumed coverage on Green Plains in a report on Thursday, September 14th. They set a “buy” rating and a $29.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $25.33.

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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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