Insider Selling: Green Plains Inc (NASDAQ:GPRE) Director Sells 80,060 Shares of Stock

Green Plains Inc (NASDAQ:GPRE) Director Wayne Hoovestol sold 80,060 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $14.39, for a total value of $1,152,063.40. Following the sale, the director now owns 210,176 shares in the company, valued at approximately $3,024,432.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

GPRE opened at $14.75 on Friday. The stock has a fifty day moving average of $13.84 and a 200-day moving average of $11.37. The firm has a market capitalization of $530.34 million, a P/E ratio of -6.80 and a beta of 1.33. Green Plains Inc has a 12-month low of $7.01 and a 12-month high of $17.74. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.32.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported ($1.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.15) by $0.09. The business had revenue of $632.35 million for the quarter, compared to the consensus estimate of $900.00 million. Green Plains had a negative return on equity of 18.33% and a negative net margin of 2.46%. During the same quarter in the previous year, the company posted ($0.31) earnings per share. On average, analysts expect that Green Plains Inc will post -4.17 earnings per share for the current fiscal year.

A number of analysts have commented on the stock. ValuEngine lowered shares of Green Plains from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. BidaskClub downgraded shares of Green Plains from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Stephens assumed coverage on shares of Green Plains in a research report on Monday, October 7th. They issued an “equal weight” rating and a $12.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $15.67.

A number of institutional investors have recently made changes to their positions in the stock. Nuveen Asset Management LLC acquired a new stake in Green Plains during the 2nd quarter worth about $9,458,000. Renaissance Technologies LLC grew its stake in Green Plains by 158.1% during the 2nd quarter. Renaissance Technologies LLC now owns 961,643 shares of the specialty chemicals company’s stock valued at $10,367,000 after acquiring an additional 589,043 shares in the last quarter. Carlson Capital L P grew its stake in Green Plains by 99.8% during the 2nd quarter. Carlson Capital L P now owns 928,453 shares of the specialty chemicals company’s stock valued at $10,009,000 after acquiring an additional 463,835 shares in the last quarter. Balyasny Asset Management LLC increased its holdings in shares of Green Plains by 103.6% in the 2nd quarter. Balyasny Asset Management LLC now owns 491,370 shares of the specialty chemicals company’s stock valued at $5,297,000 after purchasing an additional 249,987 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Green Plains by 1,167.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 230,670 shares of the specialty chemicals company’s stock valued at $2,376,000 after purchasing an additional 212,471 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

About Green Plains

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

Further Reading: Net Asset Value

Insider Buying and Selling by Quarter for Green Plains (NASDAQ:GPRE)

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