Green Plains Inc (NASDAQ:GPRE) shares traded down 8.4% during mid-day trading on Wednesday . The stock traded as low as $15.99 and last traded at $16.10. 1,850,494 shares traded hands during trading, an increase of 168% from the average session volume of 690,519 shares. The stock had previously closed at $17.57.

Several research analysts recently issued reports on the company. BidaskClub lowered Green Plains from a “hold” rating to a “sell” rating in a research report on Saturday, June 30th. ValuEngine lowered Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Stephens lowered Green Plains from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 28th. Roth Capital set a $25.00 target price on Green Plains and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Finally, Zacks Investment Research lowered Green Plains from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $24.25.

The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 0.64. The stock has a market capitalization of $712.59 million, a PE ratio of -18.72 and a beta of 1.08.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Wednesday, August 1st. The specialty chemicals company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.28. Green Plains had a negative return on equity of 3.73% and a net margin of 1.45%. The firm had revenue of $986.80 million during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the company posted ($0.41) EPS. The business’s quarterly revenue was up 11.3% on a year-over-year basis. Equities analysts predict that Green Plains Inc will post -0.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Monday, August 27th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Friday, August 24th. Green Plains’s dividend payout ratio (DPR) is presently -55.81%.

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in shares of Green Plains by 1,751.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,852 shares of the specialty chemicals company’s stock worth $162,000 after acquiring an additional 8,374 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Green Plains in the 2nd quarter worth about $169,000. Aperio Group LLC bought a new position in shares of Green Plains in the 1st quarter worth about $183,000. Sei Investments Co. raised its position in shares of Green Plains by 6,817.4% in the 2nd quarter. Sei Investments Co. now owns 11,552 shares of the specialty chemicals company’s stock worth $211,000 after acquiring an additional 11,385 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Green Plains by 7.0% in the 1st quarter. Swiss National Bank now owns 68,600 shares of the specialty chemicals company’s stock worth $1,152,000 after acquiring an additional 4,500 shares in the last quarter.

About Green Plains (NASDAQ:GPRE)

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

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