Insider Selling: Green Plains Inc (GPRE) Insider Sells 3,000 Shares of Stock

Share on StockTwits

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.

ILLEGAL ACTIVITY WARNING: “Insider Selling: Green Plains Inc (GPRE) Insider Sells 3,000 Shares of Stock” was originally published by Highlight Press and is the property of of Highlight Press. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://highlightpress.com/2019/03/21/insider-selling-green-plains-inc-gpre-insider-sells-3000-shares-of-stock.html.

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.

Featured Article: Why do companies engage in swaps?

Insider Buying and Selling by Quarter for Green Plains (NASDAQ:GPRE)

Receive News & Ratings for Green Plains Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains and related companies with MarketBeat.com's FREE daily email newsletter.