nVerses Capital LLC Makes New $65,000 Investment in Green Plains Inc. (NASDAQ:GPRE)

nVerses Capital LLC purchased a new stake in Green Plains Inc. (NASDAQ:GPRE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,800 shares of the specialty chemicals company’s stock, valued at approximately $65,000.

Other hedge funds also recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in Green Plains in the 2nd quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Green Plains in the second quarter worth about $41,000. Crewe Advisors LLC acquired a new position in Green Plains during the 1st quarter valued at about $150,000. DRW Securities LLC bought a new stake in shares of Green Plains during the 2nd quarter worth about $168,000. Finally, Equitable Trust Co. bought a new stake in shares of Green Plains during the 2nd quarter worth about $191,000.

Green Plains Stock Performance

Shares of GPRE opened at $11.41 on Tuesday. The company has a market capitalization of $737.30 million, a PE ratio of -9.28 and a beta of 1.52. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.68. The company’s 50 day moving average price is $13.23 and its 200 day moving average price is $16.27. Green Plains Inc. has a 52 week low of $11.39 and a 52 week high of $31.92.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). The company had revenue of $618.83 million during the quarter, compared to analyst estimates of $646.70 million. Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. The company’s revenue was down 27.8% compared to the same quarter last year. During the same period last year, the company posted ($0.89) earnings per share. Research analysts expect that Green Plains Inc. will post -0.95 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. BMO Capital Markets lowered their price objective on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Truist Financial cut their price objective on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Craig Hallum lowered their target price on Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Oppenheimer downgraded shares of Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. Finally, UBS Group lowered their price objective on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

About Green Plains

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.