Green Plains Partners (GPP) Lowered to Strong Sell at Zacks Investment Research

Green Plains Partners (NASDAQ:GPP) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday.

According to Zacks, “Green Plains Partners LP provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring storage tanks, terminals, transportation assets and other related assets and businesses. Green Plains Partners LP is based in Omaha, Nebraska. “

GPP has been the topic of several other research reports. Stifel Nicolaus reissued a “buy” rating and set a $21.00 price target on shares of Green Plains Partners in a research report on Thursday, October 12th. Robert W. Baird reissued a “buy” rating and set a $24.00 price target on shares of Green Plains Partners in a research report on Friday, November 3rd. BidaskClub raised shares of Green Plains Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 21st. Finally, Roth Capital set a $24.00 price target on shares of Green Plains Partners and gave the company a “buy” rating in a research report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Green Plains Partners has an average rating of “Hold” and an average price target of $21.80.

Green Plains Partners (NASDAQ GPP) traded down $0.05 during trading on Wednesday, hitting $18.10. 19,719 shares of the stock were exchanged, compared to its average volume of 147,502. Green Plains Partners has a fifty-two week low of $16.50 and a fifty-two week high of $21.15. The stock has a market capitalization of $575.79 and a price-to-earnings ratio of 9.78. The company has a debt-to-equity ratio of -2.13, a current ratio of 1.30 and a quick ratio of 1.30.

Green Plains Partners (NASDAQ:GPP) last released its earnings results on Wednesday, November 1st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The business had revenue of $26.45 million for the quarter, compared to analysts’ expectations of $28.36 million. Green Plains Partners had a negative return on equity of 92.23% and a net margin of 55.10%. Green Plains Partners’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 EPS. equities analysts expect that Green Plains Partners will post 1.8 EPS for the current fiscal year.

In related news, Director Clayton E. Killinger bought 2,850 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were bought at an average price of $17.48 per share, with a total value of $49,818.00. Following the completion of the transaction, the director now directly owns 27,987 shares of the company’s stock, valued at approximately $489,212.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michelle Mapes sold 2,692 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $19.10, for a total transaction of $51,417.20. Following the completion of the transaction, the executive vice president now directly owns 33,148 shares in the company, valued at approximately $633,126.80. The disclosure for this sale can be found here.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Citigroup Inc. lifted its position in Green Plains Partners by 0.8% in the second quarter. Citigroup Inc. now owns 64,311 shares of the transportation company’s stock valued at $1,203,000 after buying an additional 486 shares during the last quarter. Acrospire Investment Management LLC lifted its position in Green Plains Partners by 54.7% in the second quarter. Acrospire Investment Management LLC now owns 6,370 shares of the transportation company’s stock valued at $119,000 after buying an additional 2,252 shares during the last quarter. Sigma Planning Corp lifted its position in Green Plains Partners by 12.8% in the third quarter. Sigma Planning Corp now owns 30,335 shares of the transportation company’s stock valued at $610,000 after buying an additional 3,449 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Green Plains Partners by 18.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,003 shares of the transportation company’s stock valued at $543,000 after buying an additional 4,227 shares during the last quarter. Finally, Arrow Investment Advisors LLC lifted its position in Green Plains Partners by 16.7% in the third quarter. Arrow Investment Advisors LLC now owns 39,844 shares of the transportation company’s stock valued at $801,000 after buying an additional 5,714 shares during the last quarter. 44.24% of the stock is currently owned by institutional investors.

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Green Plains Partners Company Profile

Green Plains Partners LP provides fuel storage and transportation services. The Company owns, operates, develops and acquires ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).

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