Dimensional Fund Advisors LP Grows Holdings in Green Plains Inc (GPRE)

Dimensional Fund Advisors LP raised its holdings in shares of Green Plains Inc (NASDAQ:GPRE) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,503,869 shares of the specialty chemicals company’s stock after purchasing an additional 140,514 shares during the quarter. Dimensional Fund Advisors LP owned 8.51% of Green Plains worth $70,603,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its stake 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. UBS Asset Management Americas Inc. raised its stake in shares of Green Plains by 28.6% in the second quarter. UBS Asset Management Americas Inc. now owns 10,599 shares of the specialty chemicals company’s stock valued at $218,000 after acquiring an additional 2,360 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of Green Plains in the second quarter valued at $255,000. Marshall Wace North America L.P. purchased a new stake in shares of Green Plains in the second quarter valued at $305,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Green Plains in the third quarter valued at $329,000.

GPRE has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 26th. Piper Jaffray Companies raised shares of Green Plains from a “neutral” rating to an “overweight” rating in a research note on Friday, November 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $25.00 target price (down previously from $30.00) on shares of Green Plains in a research note on Monday, November 6th. Craig Hallum initiated coverage on shares of Green Plains in a research note on Thursday, September 14th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, Roth Capital set a $25.00 target price on shares of Green Plains and gave the company a “buy” rating in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $25.33.

In related news, EVP Walter S. Cronin sold 6,737 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $16.80, for a total value of $113,181.60. Following the transaction, the executive vice president now owns 50,200 shares of the company’s stock, valued at approximately $843,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Wayne Hoovestol purchased 102,653 shares of Green Plains stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average cost of $16.37 per share, for a total transaction of $1,680,429.61. Following the purchase, the director now directly owns 218,277 shares in the company, valued at $3,573,194.49. The disclosure for this purchase can be found here. Insiders purchased a total of 157,136 shares of company stock worth $2,590,578 in the last ninety days. 6.40% of the stock is currently owned by insiders.

Green Plains Inc (NASDAQ GPRE) opened at $16.80 on Thursday. The company has a market cap of $689.47, a PE ratio of 23.66 and a beta of 1.52. Green Plains Inc has a 12 month low of $15.60 and a 12 month high of $28.50. The company has a quick ratio of 0.70, a current ratio of 1.57 and a debt-to-equity ratio of 0.82.

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

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Monday, November 27th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.86%. The ex-dividend date was Friday, November 24th. Green Plains’s dividend payout ratio is presently 67.61%.

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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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Institutional Ownership by Quarter for Green Plains (NASDAQ:GPRE)

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