Green Plains Inc. (NASDAQ:GPRE) Shares Bought by Diametric Capital LP

Diametric Capital LP lifted its holdings in shares of Green Plains Inc. (NASDAQ:GPRE) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,890 shares of the specialty chemicals company’s stock after buying an additional 2,388 shares during the period. Diametric Capital LP’s holdings in Green Plains were worth $217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new position in Green Plains during the third quarter worth about $215,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Green Plains by 16.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock worth $15,581,000 after acquiring an additional 159,147 shares during the period. BNP Paribas Financial Markets raised its holdings in Green Plains by 44.3% during the third quarter. BNP Paribas Financial Markets now owns 55,267 shares of the specialty chemicals company’s stock worth $748,000 after purchasing an additional 16,980 shares during the last quarter. Centiva Capital LP boosted its position in Green Plains by 25.5% during the third quarter. Centiva Capital LP now owns 32,965 shares of the specialty chemicals company’s stock worth $446,000 after purchasing an additional 6,703 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in Green Plains by 29.5% in the third quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock valued at $7,530,000 after purchasing an additional 126,795 shares during the last quarter.

Green Plains Stock Up 3.3 %

Shares of NASDAQ:GPRE opened at $5.01 on Thursday. The company has a market capitalization of $324.29 million, a price-to-earnings ratio of -3.68 and a beta of 1.55. The company has a 50 day moving average of $6.39 and a two-hundred day moving average of $9.53. Green Plains Inc. has a 52-week low of $4.62 and a 52-week high of $24.04. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 0.49.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. During the same quarter in the previous year, the company posted $0.13 EPS. As a group, analysts forecast that Green Plains Inc. will post -0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Truist Financial reaffirmed a “buy” rating and set a $12.00 price target (down previously from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. BMO Capital Markets reduced their price target on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, February 10th. StockNews.com lowered shares of Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. UBS Group cut Green Plains from a “buy” rating to a “neutral” rating and lowered their target price for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. Finally, Jefferies Financial Group lowered Green Plains from a “buy” rating to a “hold” rating and decreased their price objective for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.89.

Green Plains Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.