Schwab Charles Investment Management Inc. increased its position in shares of Green Plains Inc (NASDAQ:GPRE) by 13.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 641,195 shares of the specialty chemicals company’s stock after buying an additional 75,524 shares during the period. Schwab Charles Investment Management Inc. owned about 1.55% of Green Plains worth $11,734,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in Green Plains by 2.0% in the first quarter. Principal Financial Group Inc. now owns 297,019 shares of the specialty chemicals company’s stock valued at $4,990,000 after purchasing an additional 5,873 shares during the last quarter. Sei Investments Co. increased its stake in Green Plains by 6,817.4% in the second quarter. Sei Investments Co. now owns 11,552 shares of the specialty chemicals company’s stock valued at $211,000 after purchasing an additional 11,385 shares during the last quarter. Harvest Capital Strategies LLC purchased a new position in Green Plains in the first quarter valued at approximately $6,720,000. Swiss National Bank increased its stake in Green Plains by 7.0% in the first quarter. Swiss National Bank now owns 68,600 shares of the specialty chemicals company’s stock valued at $1,152,000 after purchasing an additional 4,500 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in Green Plains by 722.8% in the first quarter. GSA Capital Partners LLP now owns 108,673 shares of the specialty chemicals company’s stock valued at $1,826,000 after purchasing an additional 95,465 shares during the last quarter.
Shares of NASDAQ GPRE traded up $0.14 during mid-day trading on Friday, hitting $19.05. 1,639,280 shares of the company were exchanged, compared to its average volume of 709,529. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 0.64. Green Plains Inc has a 1-year low of $15.25 and a 1-year high of $21.90. The company has a market cap of $712.59 million, a PE ratio of -22.15 and a beta of 1.08.
Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Wednesday, August 1st. The specialty chemicals company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.28. Green Plains had a negative return on equity of 3.73% and a net margin of 1.45%. The firm had revenue of $986.80 million during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the company earned ($0.41) earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts anticipate that Green Plains Inc will post -0.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Monday, August 27th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Friday, August 24th. Green Plains’s dividend payout ratio (DPR) is currently -55.81%.
Several equities research analysts have recently weighed in on GPRE shares. Roth Capital set a $25.00 price objective on Green Plains and gave the company a “buy” rating in a report on Tuesday, July 31st. ValuEngine raised Green Plains from a “hold” rating to a “buy” rating in a report on Friday. Stephens downgraded Green Plains from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 28th. BidaskClub raised Green Plains from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Finally, Zacks Investment Research downgraded Green Plains from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Green Plains has a consensus rating of “Hold” and an average target price of $24.25.
Green Plains Profile
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates through 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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