Green Plains Partners (GPP) Cut to “Sell” at ValuEngine

ValuEngine cut shares of Green Plains Partners (NASDAQ:GPP) from a hold rating to a sell rating in a report released on Wednesday morning.

GPP has been the subject of a number of other reports. BidaskClub upgraded shares of Green Plains Partners from a sell rating to a hold rating in a research note on Wednesday, October 24th. Zacks Investment Research upgraded shares of Green Plains Partners from a sell rating to a hold rating in a research note on Monday, September 24th. Robert W. Baird restated a buy rating and set a $18.00 price objective (down from $20.00) on shares of Green Plains Partners in a research note on Friday, September 14th. Finally, Stifel Nicolaus reduced their price objective on shares of Green Plains Partners from $18.00 to $16.00 and set a buy rating for the company in a research note on Thursday, October 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Green Plains Partners presently has an average rating of Hold and an average target price of $18.20.

Green Plains Partners stock opened at $13.46 on Wednesday. Green Plains Partners has a one year low of $13.30 and a one year high of $19.30. The stock has a market cap of $430.98 million, a PE ratio of 7.65, a price-to-earnings-growth ratio of 0.53 and a beta of 0.43.

Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings data on Wednesday, November 7th. The transportation company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.03). Green Plains Partners had a negative return on equity of 88.58% and a net margin of 54.74%. The business had revenue of $25.77 million for the quarter, compared to analyst estimates of $28.53 million. Research analysts anticipate that Green Plains Partners will post 1.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Friday, November 2nd were paid a $0.475 dividend. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $1.90 annualized dividend and a yield of 14.12%. Green Plains Partners’s dividend payout ratio (DPR) is currently 104.97%.

In related news, CEO Todd A. Becker sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $14.65, for a total value of $73,250.00. Following the completion of the sale, the chief executive officer now directly owns 57,556 shares in the company, valued at approximately $843,195.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Large investors have recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new stake in Green Plains Partners in the 2nd quarter valued at about $206,000. Cavalier Investments LLC lifted its stake in Green Plains Partners by 41.1% in the 2nd quarter. Cavalier Investments LLC now owns 17,242 shares of the transportation company’s stock valued at $295,000 after purchasing an additional 5,024 shares during the last quarter. Western Standard LLC acquired a new stake in Green Plains Partners in the 2nd quarter valued at about $366,000. Raymond James & Associates lifted its stake in Green Plains Partners by 11.4% in the 2nd quarter. Raymond James & Associates now owns 40,143 shares of the transportation company’s stock valued at $688,000 after purchasing an additional 4,123 shares during the last quarter. Finally, Sigma Planning Corp lifted its stake in Green Plains Partners by 8.2% in the 2nd quarter. Sigma Planning Corp now owns 44,422 shares of the transportation company’s stock valued at $762,000 after purchasing an additional 3,377 shares during the last quarter. Institutional investors and hedge funds own 16.39% of the company’s stock.

Green Plains Partners Company Profile

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 39 ethanol storage facilities and approximately 61 acres of land.

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