Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Green Plains Partners LP (NASDAQ:GPP) by 18.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,003 shares of the transportation company’s stock after acquiring an additional 4,227 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.08% of Green Plains Partners worth $543,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GPP. Citigroup Inc. increased its holdings in Green Plains Partners by 0.8% in the second quarter. Citigroup Inc. now owns 64,311 shares of the transportation company’s stock valued at $1,203,000 after buying an additional 486 shares during the last quarter. Acrospire Investment Management LLC increased its holdings in Green Plains Partners by 54.7% in the second quarter. Acrospire Investment Management LLC now owns 6,370 shares of the transportation company’s stock valued at $119,000 after buying an additional 2,252 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Green Plains Partners by 13.5% in the second quarter. GSA Capital Partners LLP now owns 48,056 shares of the transportation company’s stock valued at $899,000 after buying an additional 5,718 shares during the last quarter. WealthPLAN Partners LLC bought a new stake in Green Plains Partners in the second quarter valued at about $210,000. Finally, Wedbush Securities Inc. bought a new stake in Green Plains Partners in the second quarter valued at about $213,000. 44.24% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on the company. Roth Capital set a $24.00 target price on Green Plains Partners and gave the company a “buy” rating in a research note on Tuesday, October 24th. Robert W. Baird restated a “buy” rating and issued a $24.00 target price on shares of Green Plains Partners in a research note on Friday, November 3rd. Stifel Nicolaus restated a “buy” rating and issued a $21.00 target price on shares of Green Plains Partners in a research note on Thursday, October 12th. BidaskClub upgraded Green Plains Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Finally, Zacks Investment Research upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.80.

Green Plains Partners LP (NASDAQ:GPP) opened at $19.00 on Wednesday. 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 stock has a market capitalization of $304.11, a P/E ratio of 10.55, a PEG ratio of 0.71 and a beta of 0.92. Green Plains Partners LP has a 52-week low of $17.65 and a 52-week high of $21.15.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, November 3rd were given a dividend of $0.46 per share. The ex-dividend date was Thursday, November 2nd. This is an increase from Green Plains Partners’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 9.68%. Green Plains Partners’s payout ratio is currently 101.66%.

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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).

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

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