Green Plains Inc (NASDAQ:GPRE) major shareholder Mangrove Partners Master Fund, sold 216,342 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $7.73, for a total value of $1,672,323.66. Following the sale, the insider now owns 3,983,012 shares of the company’s stock, valued at approximately $30,788,682.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Mangrove Partners Master Fund, also recently made the following trade(s):

  • On Tuesday, August 13th, Mangrove Partners Master Fund, sold 51,942 shares of Green Plains stock. The shares were sold at an average price of $8.41, for a total value of $436,832.22.

Shares of NASDAQ GPRE traded down $0.45 during mid-day trading on Thursday, reaching $7.15. The company’s stock had a trading volume of 1,363,797 shares, compared to its average volume of 675,367. The company has a market cap of $307.40 million, a price-to-earnings ratio of -3.29 and a beta of 1.20. The company has a quick ratio of 0.60, a current ratio of 1.52 and a debt-to-equity ratio of 0.42. The firm’s fifty day simple moving average is $9.98. Green Plains Inc has a 52 week low of $7.01 and a 52 week high of $19.39.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Monday, August 5th. The specialty chemicals company reported ($1.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.35). Green Plains had a negative net margin of 1.40% and a negative return on equity of 14.93%. The firm had revenue of $895.90 million for the quarter, compared to the consensus estimate of $822.77 million. During the same period in the previous year, the company posted ($0.02) earnings per share. Green Plains’s quarterly revenue was down 9.2% on a year-over-year basis. As a group, equities research analysts anticipate that Green Plains Inc will post -2.94 EPS for the current fiscal year.

GPRE has been the subject of a number of research reports. BidaskClub cut Green Plains from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 4th. Zacks Investment Research cut Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 27th. TheStreet cut Green Plains from a “c-” rating to a “d+” rating in a research report on Monday, July 1st. Finally, ValuEngine cut Green Plains from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.50.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Green Plains by 1.1% in the 2nd quarter. BlackRock Inc. now owns 6,376,143 shares of the specialty chemicals company’s stock valued at $68,737,000 after purchasing an additional 70,115 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Green Plains by 0.6% in the 2nd quarter. Northern Trust Corp now owns 985,596 shares of the specialty chemicals company’s stock valued at $10,625,000 after purchasing an additional 5,749 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Green Plains by 158.1% in the 2nd quarter. Renaissance Technologies LLC now owns 961,643 shares of the specialty chemicals company’s stock valued at $10,367,000 after purchasing an additional 589,043 shares during the last quarter. Carlson Capital L P lifted its stake in shares of Green Plains by 99.8% in the 2nd quarter. Carlson Capital L P now owns 928,453 shares of the specialty chemicals company’s stock valued at $10,009,000 after purchasing an additional 463,835 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in shares of Green Plains in the 2nd quarter valued at approximately $9,458,000. 98.36% of the stock is owned by institutional investors.

About Green Plains

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in 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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Insider Buying and Selling by Quarter for Green Plains (NASDAQ:GPRE)

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