Green Plains Inc. (NASDAQ:GPRE) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its position in Green Plains Inc. (NASDAQ:GPRE) by 433.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,344 shares of the specialty chemicals company’s stock after buying an additional 2,717 shares during the quarter. Van ECK Associates Corp’s holdings in Green Plains were worth $32,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Quest Partners LLC acquired a new position in Green Plains in the 3rd quarter valued at $52,000. KBC Group NV increased its stake in Green Plains by 120.7% in the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 3,320 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Green Plains in the 3rd quarter valued at $155,000. GAMMA Investing LLC grew its stake in shares of Green Plains by 1,207.7% during the 4th quarter. GAMMA Investing LLC now owns 14,032 shares of the specialty chemicals company’s stock worth $133,000 after purchasing an additional 12,959 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Green Plains during the 3rd quarter worth $215,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GPRE. StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. BMO Capital Markets lowered their price target on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, February 10th. Truist Financial reaffirmed a “buy” rating and set a $12.00 price target (down from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. Finally, Stephens raised shares of Green Plains to a “hold” rating in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Green Plains presently has a consensus rating of “Hold” and a consensus price target of $22.56.

Green Plains Price Performance

Green Plains stock opened at $6.41 on Tuesday. Green Plains Inc. has a 52 week low of $5.95 and a 52 week high of $24.04. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. The firm’s 50-day simple moving average is $8.72 and its 200 day simple moving average is $11.06. The firm has a market capitalization of $414.91 million, a PE ratio of -4.71 and a beta of 1.44.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. During the same quarter in the previous year, the business earned $0.13 earnings per share. On average, equities research analysts predict that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

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.