Green Plains Partners (GPP) Rating Lowered to Sell at BidaskClub

BidaskClub cut shares of Green Plains Partners (NASDAQ:GPP) from a hold rating to a sell rating in a research note released on Wednesday.

A number of other analysts have also weighed in on the company. ValuEngine upgraded Green Plains Partners from a sell rating to a hold rating in a research note on Tuesday, November 13th. Zacks Investment Research upgraded Green Plains Partners from a sell rating to a hold rating in a research note on Monday, October 15th. Stifel Nicolaus reduced their target price on Green Plains Partners from $18.00 to $16.00 and set a buy rating on the stock in a research note on Thursday, October 11th. Finally, Robert W. Baird reiterated a buy rating and issued a $18.00 target price (down previously from $20.00) on shares of Green Plains Partners in a research note on Friday, September 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $18.20.

GPP stock opened at $13.46 on Wednesday. Green Plains Partners has a twelve month low of $13.30 and a twelve month high of $19.30. The firm has a market capitalization of $430.98 million, a price-to-earnings 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 released its earnings results on Wednesday, November 7th. The transportation company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $28.53 million. As a group, sell-side analysts expect that Green Plains Partners will post 1.7 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Friday, November 2nd were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 14.12%. The ex-dividend date of this dividend was Thursday, November 1st. Green Plains Partners’s payout ratio is 104.97%.

In other news, CEO Todd A. Becker sold 5,000 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $14.65, for a total transaction of $73,250.00. Following the transaction, the chief executive officer now owns 57,556 shares of the company’s stock, valued at approximately $843,195.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sigma Planning Corp boosted its stake in Green Plains Partners by 8.2% during the second quarter. Sigma Planning Corp now owns 44,422 shares of the transportation company’s stock worth $762,000 after acquiring an additional 3,377 shares in the last quarter. Cavalier Investments LLC raised its holdings in Green Plains Partners by 41.1% during the second quarter. Cavalier Investments LLC now owns 17,242 shares of the transportation company’s stock worth $295,000 after buying an additional 5,024 shares during the last quarter. Luzich Partners LLC acquired a new position in Green Plains Partners during the second quarter worth $2,130,000. GSA Capital Partners LLP acquired a new position in Green Plains Partners during the second quarter worth $206,000. Finally, Western Standard LLC acquired a new position in Green Plains Partners during the second quarter worth $366,000. 16.39% of the stock is currently owned by institutional investors and hedge funds.

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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