Assenagon Asset Management S.A. Purchases 646,507 Shares of Green Plains Inc. (NASDAQ:GPRE)

Assenagon Asset Management S.A. boosted its position in shares of Green Plains Inc. (NASDAQ:GPRE) by 1,122.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 704,125 shares of the specialty chemicals company’s stock after purchasing an additional 646,507 shares during the period. Assenagon Asset Management S.A. owned about 1.09% of Green Plains worth $6,675,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new position in shares of Green Plains in the second quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Green Plains in the 2nd quarter worth about $41,000. Quest Partners LLC bought a new position in Green Plains in the 3rd quarter worth about $52,000. nVerses Capital LLC purchased a new position in shares of Green Plains during the third quarter worth approximately $65,000. Finally, DRW Securities LLC bought a new stake in shares of Green Plains during the second quarter valued at approximately $168,000.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GPRE. Truist Financial cut their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Stephens upgraded Green Plains to a “hold” rating in a report on Monday, December 2nd. Finally, StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Green Plains Trading Up 2.4 %

Shares of GPRE stock opened at $10.26 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $10.26 and its 200-day moving average price is $12.59. Green Plains Inc. has a twelve month low of $8.81 and a twelve month high of $25.24. The stock has a market cap of $663.32 million, a price-to-earnings ratio of -27.00, a PEG ratio of 0.73 and a beta of 1.46.

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.