Green Plains (NASDAQ:GPRE) Downgraded by TheStreet

TheStreet lowered shares of Green Plains (NASDAQ:GPRE) from a c- rating to a d+ rating in a research note issued to investors on Monday, TheStreetRatingsTable reports.

A number of other research analysts have also recently commented on the company. BidaskClub cut Green Plains from a buy rating to a hold rating in a research note on Thursday, April 25th. Zacks Investment Research cut Green Plains from a hold rating to a sell rating in a research note on Thursday, March 7th. Finally, ValuEngine cut Green Plains from a buy rating to a hold rating in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $17.50.

GPRE opened at $10.30 on Monday. The stock has a market cap of $439.11 million, a PE ratio of -4.75 and a beta of 1.14. The company has a current ratio of 1.41, a quick ratio of 0.49 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average price of $12.77. Green Plains has a 52 week low of $10.17 and a 52 week high of $19.39.

Green Plains (NASDAQ:GPRE) last released its earnings results on Wednesday, May 8th. The specialty chemicals company reported ($1.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.38) by ($0.68). The firm had revenue of $642.30 million during the quarter, compared to analysts’ expectations of $779.84 million. Green Plains had a negative net margin of 0.08% and a negative return on equity of 10.48%. The company’s revenue for the quarter was down 38.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.60) EPS. Sell-side analysts predict that Green Plains will post -0.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Thursday, May 23rd. Green Plains’s payout ratio is -22.12%.

In other Green Plains news, Director Alain Treuer sold 5,270 shares of Green Plains stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $13.06, for a total transaction of $68,826.20. Following the completion of the transaction, the director now owns 329,173 shares in the company, valued at $4,298,999.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.70% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. bought a new position in Green Plains in the first quarter worth approximately $4,055,000. Great West Life Assurance Co. Can grew its stake in Green Plains by 8.0% in the first quarter. Great West Life Assurance Co. Can now owns 53,303 shares of the specialty chemicals company’s stock worth $888,000 after purchasing an additional 3,961 shares in the last quarter. Laurion Capital Management LP bought a new position in Green Plains in the first quarter worth approximately $260,000. Everence Capital Management Inc. bought a new position in Green Plains in the first quarter worth approximately $200,000. Finally, State Board of Administration of Florida Retirement System grew its stake in Green Plains by 9.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 32,358 shares of the specialty chemicals company’s stock worth $540,000 after purchasing an additional 2,895 shares in the last quarter. Institutional investors and hedge funds own 99.25% of the company’s stock.

Green Plains Company Profile

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.

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