SNS Financial Group LLC increased its holdings in shares of Green Plains Partners LP (NASDAQ:GPP) by 12.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 270,000 shares of the transportation company’s stock after acquiring an additional 30,875 shares during the quarter. Green Plains Partners comprises about 1.4% of SNS Financial Group LLC’s investment portfolio, making the stock its 21st largest holding. SNS Financial Group LLC owned approximately 1.70% of Green Plains Partners worth $5,427,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Citigroup Inc. grew its stake in Green Plains Partners by 0.8% during the second quarter. Citigroup Inc. now owns 64,311 shares of the transportation company’s stock worth $1,203,000 after buying an additional 486 shares in the last quarter. Acrospire Investment Management LLC grew its stake in Green Plains Partners by 54.7% during the second quarter. Acrospire Investment Management LLC now owns 6,370 shares of the transportation company’s stock worth $119,000 after buying an additional 2,252 shares in the last quarter. Sigma Planning Corp grew its stake in Green Plains Partners by 12.8% during the third quarter. Sigma Planning Corp now owns 30,335 shares of the transportation company’s stock worth $610,000 after buying an additional 3,449 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Green Plains Partners by 18.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,003 shares of the transportation company’s stock worth $543,000 after buying an additional 4,227 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake in Green Plains Partners by 13.5% during the second quarter. GSA Capital Partners LLP now owns 48,056 shares of the transportation company’s stock worth $899,000 after buying an additional 5,718 shares in the last quarter. 45.56% of the stock is currently owned by institutional investors and hedge funds.

Green Plains Partners LP (GPP) traded down $0.15 on Thursday, hitting $18.75. 17,400 shares of the stock were exchanged, compared to its average volume of 37,771. Green Plains Partners LP has a one year low of $17.65 and a one year high of $21.15. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of -2.13. The firm has a market cap of $597.27 and a P/E ratio of 10.44.

Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). Green Plains Partners had a net margin of 55.10% and a negative return on equity of 92.23%. The company had revenue of $26.45 million during the quarter, compared to analyst estimates of $28.36 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. equities analysts predict that Green Plains Partners LP will post 1.8 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, November 3rd were paid a $0.46 dividend. This is an increase from Green Plains Partners’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.81%. The ex-dividend date was Thursday, November 2nd. Green Plains Partners’s dividend payout ratio (DPR) is presently 99.46%.

A number of equities research analysts have issued reports on GPP shares. Stifel Nicolaus reiterated a “buy” rating and set a $22.00 price objective on shares of Green Plains Partners in a research note on Friday, July 28th. Bank of America Corporation downgraded shares of Green Plains Partners from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $22.00 to $19.00 in a research note on Wednesday, August 2nd. Roth Capital set a $24.00 price objective on shares of Green Plains Partners and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Robert W. Baird reiterated a “buy” rating and set a $24.00 price objective on shares of Green Plains Partners in a research note on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.80.

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Green Plains Partners Profile

Green Plains Partners LP provides fuel storage and transportation services. The Company owns, operates, develops and acquires ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).

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Institutional Ownership by Quarter for Green Plains Partners (NASDAQ:GPP)

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