Green Plains Inc. (NASDAQ:GPRE) Shares Sold by Ballast Asset Management LP

Ballast Asset Management LP lessened its stake in Green Plains Inc. (NASDAQ:GPRE) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 193,495 shares of the specialty chemicals company’s stock after selling 2,634 shares during the quarter. Ballast Asset Management LP’s holdings in Green Plains were worth $1,834,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Intech Investment Management LLC purchased a new stake in Green Plains in the 3rd quarter valued at $215,000. Charles Schwab Investment Management Inc. boosted its position in shares of Green Plains by 16.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock valued at $15,581,000 after acquiring an additional 159,147 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Green Plains by 44.3% in the third quarter. BNP Paribas Financial Markets now owns 55,267 shares of the specialty chemicals company’s stock valued at $748,000 after purchasing an additional 16,980 shares during the period. Paloma Partners Management Co acquired a new stake in Green Plains during the third quarter worth about $840,000. Finally, Centiva Capital LP raised its stake in Green Plains by 25.5% during the third quarter. Centiva Capital LP now owns 32,965 shares of the specialty chemicals company’s stock worth $446,000 after purchasing an additional 6,703 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GPRE shares. BMO Capital Markets cut their price target on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, February 10th. Stephens raised Green Plains to a “hold” rating in a research note on Monday, December 2nd. Truist Financial reaffirmed a “buy” rating and issued a $12.00 price target (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. StockNews.com downgraded Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Finally, Jefferies Financial Group cut shares of Green Plains from a “buy” rating to a “hold” rating and decreased their target price for the company from $14.00 to $6.00 in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Green Plains presently has an average rating of “Hold” and an average target price of $18.89.

Green Plains Stock Down 0.2 %

Shares of NASDAQ:GPRE opened at $4.85 on Tuesday. The firm has a market capitalization of $313.94 million, a PE ratio of -3.57 and a beta of 1.55. Green Plains Inc. has a 1 year low of $4.64 and a 1 year high of $24.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. The firm’s 50-day moving average is $6.57 and its two-hundred day moving average is $9.62.

Green Plains (NASDAQ:GPRE) last announced its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share 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 company earned $0.13 EPS. Analysts predict that Green Plains Inc. will post -0.5 EPS for the current year.

Green Plains Company 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.