Green Plains Inc (NASDAQ:GPRE) insider Michelle Mapes sold 3,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $16.91, for a total value of $50,730.00. Following the transaction, the insider now directly owns 46,877 shares of the company’s stock, valued at $792,690.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Michelle Mapes also recently made the following trade(s):
- On Thursday, March 21st, Michelle Mapes sold 5,000 shares of Green Plains stock. The shares were sold at an average price of $17.12, for a total value of $85,600.00.
- On Wednesday, March 13th, Michelle Mapes sold 5,000 shares of Green Plains stock. The shares were sold at an average price of $16.16, for a total value of $80,800.00.
NASDAQ GPRE traded up $0.36 on Thursday, hitting $17.39. 518,000 shares of the stock traded hands, compared to its average volume of 626,327. Green Plains Inc has a 12 month low of $12.00 and a 12 month high of $21.90. The firm has a market cap of $696.44 million, a price-to-earnings ratio of -8.01 and a beta of 1.20. The company has a current ratio of 1.45, a quick ratio of 0.57 and a debt-to-equity ratio of 0.28.
Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Monday, February 11th. The specialty chemicals company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.89). Green Plains had a net margin of 0.41% and a negative return on equity of 8.63%. The firm had revenue of $827.50 million for the quarter, compared to the consensus estimate of $894.16 million. During the same period last year, the company posted ($0.16) earnings per share. Green Plains’s revenue for the quarter was down 10.2% on a year-over-year basis. Analysts forecast that Green Plains Inc will post -0.3 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 22nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Thursday, February 21st. Green Plains’s payout ratio is currently -22.12%.
Institutional investors have recently bought and sold shares of the company. CoreCommodity Management LLC bought a new position in shares of Green Plains in the fourth quarter worth $104,000. Macquarie Group Ltd. bought a new position in shares of Green Plains in the fourth quarter worth $149,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Green Plains by 426.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,217 shares of the specialty chemicals company’s stock worth $186,000 after acquiring an additional 11,515 shares during the period. Oregon Public Employees Retirement Fund bought a new position in shares of Green Plains in the fourth quarter worth $194,000. Finally, Trexquant Investment LP bought a new position in shares of Green Plains in the third quarter worth $251,000.
Several equities analysts have weighed in on GPRE shares. Zacks Investment Research lowered Green Plains from a “hold” rating to a “sell” rating in a report on Thursday, March 7th. ValuEngine lowered Green Plains from a “hold” rating to a “sell” rating in a report on Friday, February 8th. BidaskClub lowered Green Plains from a “hold” rating to a “sell” rating in a report on Friday, January 11th. TheStreet raised Green Plains from a “d+” rating to a “c” rating in a report on Monday, February 11th. Finally, Roth Capital reduced their price objective on Green Plains from $25.00 to $16.00 and set a “buy” rating for the company in a report on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $18.33.
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About Green Plains
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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