Shares of Green Plains Partners LP (NASDAQ:GPP) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.00.

GPP has been the topic of a number of analyst reports. Robert W. Baird restated a “buy” rating and issued a $18.00 price objective (down previously from $20.00) on shares of Green Plains Partners in a research report on Friday, September 14th. Zacks Investment Research cut shares of Green Plains Partners from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 10th. Stifel Nicolaus reduced their price target on shares of Green Plains Partners from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. BidaskClub cut shares of Green Plains Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, July 20th. Finally, ValuEngine cut shares of Green Plains Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, August 3rd.

In related news, Director Martin Salinas purchased 6,000 shares of Green Plains Partners stock in a transaction that occurred on Friday, August 3rd. The shares were bought at an average price of $16.37 per share, for a total transaction of $98,220.00. Following the completion of the transaction, the director now directly owns 10,590 shares of the company’s stock, valued at $173,358.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in Green Plains Partners by 673.7% during the second quarter. Bank of America Corp DE now owns 63,904 shares of the transportation company’s stock worth $1,096,000 after acquiring an additional 55,645 shares in the last quarter. Raymond James & Associates boosted its stake in Green Plains Partners by 11.4% during the second quarter. Raymond James & Associates now owns 40,143 shares of the transportation company’s stock worth $688,000 after acquiring an additional 4,123 shares in the last quarter. Western Standard LLC bought a new stake in Green Plains Partners during the second quarter worth about $366,000. GSA Capital Partners LLP bought a new stake in Green Plains Partners during the second quarter worth about $206,000. Finally, Luzich Partners LLC bought a new stake in Green Plains Partners during the second quarter worth about $2,130,000. Institutional investors own 16.55% of the company’s stock.

GPP stock opened at $14.75 on Wednesday. Green Plains Partners has a 12-month low of $14.40 and a 12-month high of $20.25. The stock has a market capitalization of $474.25 million, a price-to-earnings ratio of 8.17, a PEG ratio of 0.56 and a beta of 0.57. The company has a debt-to-equity ratio of -2.06, a quick ratio of 1.23 and a current ratio of 1.23.

Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings data on Wednesday, August 1st. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). Green Plains Partners had a net margin of 54.40% and a negative return on equity of 89.66%. The firm had revenue of $25.84 million during the quarter, compared to analysts’ expectations of $27.16 million. As a group, equities analysts predict that Green Plains Partners will post 1.76 EPS for the current year.

The business also recently declared a dividend, which was paid on Monday, October 8th. Investors of record on Friday, August 3rd were given a dividend of $0.475 per share. The ex-dividend date was Thursday, August 2nd. Green Plains Partners’s dividend payout ratio is currently 104.97%.

Green Plains Partners Company Profile

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 39 ethanol storage facilities and approximately 61 acres of land.

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