Quest Partners LLC Makes New $52,000 Investment in Green Plains Inc. (NASDAQ:GPRE)

Quest Partners LLC bought a new stake in shares of Green Plains Inc. (NASDAQ:GPRE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,813 shares of the specialty chemicals company’s stock, valued at approximately $52,000.

A number of other large investors have also recently modified their holdings of GPRE. Point72 Hong Kong Ltd purchased a new stake in Green Plains in the second quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Green Plains in the 2nd quarter worth approximately $41,000. nVerses Capital LLC bought a new position in shares of Green Plains in the 3rd quarter worth approximately $65,000. Everence Capital Management Inc. purchased a new position in shares of Green Plains in the 3rd quarter valued at approximately $153,000. Finally, DRW Securities LLC bought a new stake in shares of Green Plains during the second quarter valued at approximately $168,000.

Analyst Ratings Changes

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

Green Plains Stock Performance

GPRE stock opened at $10.80 on Friday. The stock’s 50 day simple moving average is $11.97 and its 200 day simple moving average is $14.30. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46. Green Plains Inc. has a 12-month low of $10.36 and a 12-month high of $28.50. The stock has a market capitalization of $698.23 million, a PE ratio of -28.42 and a beta of 1.53.

Green Plains Profile

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.