Nisa Investment Advisors LLC Lowers Holdings in Green Plains Inc. (NASDAQ:GPRE)

Nisa Investment Advisors LLC lowered its stake in Green Plains Inc. (NASDAQ:GPRE) by 40.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,070 shares of the specialty chemicals company’s stock after selling 740 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Green Plains were worth $27,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Green Plains by 3.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,565 shares of the specialty chemicals company’s stock worth $670,000 after buying an additional 901 shares in the last quarter. Tudor Investment Corp Et Al purchased a new stake in shares of Green Plains during the 3rd quarter worth approximately $4,475,000. iA Global Asset Management Inc. bought a new position in shares of Green Plains during the 3rd quarter valued at approximately $164,000. Seven Eight Capital LP purchased a new position in shares of Green Plains in the third quarter valued at $246,000. Finally, B. Riley Asset Management LLC increased its position in Green Plains by 17.2% in the third quarter. B. Riley Asset Management LLC now owns 153,034 shares of the specialty chemicals company’s stock worth $4,606,000 after purchasing an additional 22,411 shares during the last quarter.

Analyst Upgrades and Downgrades

GPRE has been the subject of a number of recent research reports. Roth Mkm reissued a “buy” rating and issued a $55.00 price objective on shares of Green Plains in a research note on Monday, March 25th. The Goldman Sachs Group decreased their price objective on Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. TheStreet cut Green Plains from a “c-” rating to a “d+” rating in a report on Wednesday, February 7th. Truist Financial restated a “buy” rating and issued a $35.00 price target on shares of Green Plains in a research report on Tuesday, March 26th. Finally, UBS Group cut their price objective on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Green Plains presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.40.

Green Plains Stock Performance

GPRE stock opened at $22.12 on Tuesday. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -13.65 and a beta of 1.60. Green Plains Inc. has a twelve month low of $19.44 and a twelve month high of $36.02. The company has a quick ratio of 1.34, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $21.99 and its two-hundred day simple moving average is $23.86.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Wednesday, February 7th. The specialty chemicals company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The company had revenue of $712.39 million for the quarter, compared to the consensus estimate of $782.01 million. Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. The company’s quarterly revenue was down 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.66) EPS. Analysts predict that Green Plains Inc. will post 0.47 earnings per share for the current year.

Insider Activity at Green Plains

In other news, Director Ejnar A. Knudsen III acquired 4,000 shares of Green Plains stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $24.73 per share, for a total transaction of $98,920.00. Following the acquisition, the director now directly owns 40,913 shares of the company’s stock, valued at approximately $1,011,778.49. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by company insiders.

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.