J. Goldman & Co LP Acquires New Shares in Green Plains Inc. (NASDAQ:GPRE)

J. Goldman & Co LP acquired a new stake in Green Plains Inc. (NASDAQ:GPRE) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 185,878 shares of the specialty chemicals company’s stock, valued at approximately $1,762,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CenterBook Partners LP bought a new stake in shares of Green Plains in the fourth quarter worth about $10,940,000. Ameriprise Financial Inc. lifted its stake in Green Plains by 424.8% in the 4th quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company’s stock valued at $7,624,000 after acquiring an additional 650,937 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Green Plains by 1,122.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock valued at $6,675,000 after acquiring an additional 646,507 shares in the last quarter. Invesco Ltd. boosted its position in Green Plains by 92.0% during the 4th quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company’s stock worth $9,671,000 after acquiring an additional 488,870 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Green Plains during the 4th quarter worth approximately $4,249,000.

Green Plains Trading Up 5.5%

NASDAQ GPRE opened at $4.05 on Monday. The company has a market cap of $274.94 million, a PE ratio of -2.98 and a beta of 1.19. The company has a current ratio of 1.48, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. Green Plains Inc. has a 12 month low of $3.14 and a 12 month high of $20.54. The stock has a 50 day moving average of $4.36 and a 200-day moving average of $7.70.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.37). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. The business had revenue of $601.52 million during the quarter, compared to the consensus estimate of $605.62 million. During the same quarter last year, the company posted ($0.81) EPS. The firm’s revenue was up .7% on a year-over-year basis. On average, equities research analysts anticipate that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Truist Financial reaffirmed a “buy” rating and set a $12.00 price target (down previously from $18.00) on shares of Green Plains in a research report on Thursday, February 13th. UBS Group downgraded Green Plains from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.50 to $7.00 in a research report on Tuesday, March 4th. StockNews.com downgraded Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Jefferies Financial Group downgraded Green Plains from a “buy” rating to a “hold” rating and reduced their price target for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. Finally, BMO Capital Markets cut their price objective on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.07.

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.