J. Goldman & Co LP Takes $2.12 Million Position in Green Plains, Inc. $GPRE

J. Goldman & Co LP purchased a new stake in Green Plains, Inc. (NASDAQ:GPRE) in the 2nd quarter, HoldingsChannel reports. The firm purchased 137,506 shares of the specialty chemicals company’s stock, valued at approximately $2,115,000.

A number of other large investors also recently bought and sold shares of GPRE. BlackRock Inc. acquired a new stake in Green Plains in the second quarter valued at approximately $156,703,000. Vanguard Group Inc. raised its stake in shares of Green Plains by 15.9% during the 4th quarter. Vanguard Group Inc. now owns 4,696,401 shares of the specialty chemicals company’s stock worth $46,025,000 after buying an additional 645,170 shares during the period. State Street Corp lifted its position in shares of Green Plains by 3.4% during the 4th quarter. State Street Corp now owns 2,629,815 shares of the specialty chemicals company’s stock valued at $25,772,000 after buying an additional 85,982 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Green Plains by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,187,541 shares of the specialty chemicals company’s stock valued at $21,438,000 after acquiring an additional 10,237 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Green Plains by 112.6% in the 4th quarter. BNP Paribas Financial Markets now owns 1,823,740 shares of the specialty chemicals company’s stock worth $17,873,000 after acquiring an additional 966,069 shares in the last quarter.

Green Plains Trading Down 2.1%

GPRE opened at $14.65 on Wednesday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 9.21 and a beta of 1.17. The company’s 50 day simple moving average is $16.04 and its two-hundred day simple moving average is $15.73. Green Plains, Inc. has a 1-year low of $8.65 and a 1-year high of $19.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.58.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.54 by $0.29. Green Plains had a return on equity of 14.52% and a net margin of 6.78%.The firm had revenue of $446.22 million during the quarter, compared to analysts’ expectations of $542.38 million. During the same quarter last year, the firm earned ($1.09) earnings per share. Analysts expect that Green Plains, Inc. will post 2.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GPRE. Wall Street Zen raised shares of Green Plains from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a research report on Friday, July 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Green Plains in a research note on Friday, May 8th. BMO Capital Markets reiterated a “market perform” rating on shares of Green Plains in a report on Friday, August 7th. Finally, Stephens increased their target price on Green Plains from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $15.43.

About Green Plains

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.