Insider Selling: Green Plains Inc (GPRE) EVP Sells 7,000 Shares of Stock

Green Plains Inc (NASDAQ:GPRE) EVP Michelle Mapes sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $23.22, for a total value of $162,540.00. Following the completion of the sale, the executive vice president now owns 49,596 shares in the company, valued at $1,151,619.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Michelle Mapes also recently made the following trade(s):

  • On Monday, May 15th, Michelle Mapes sold 2,301 shares of Green Plains stock. The shares were sold at an average price of $24.81, for a total value of $57,087.81.

Shares of Green Plains Inc (GPRE) traded down 3.41% during trading on Wednesday, reaching $22.65. The company’s stock had a trading volume of 696,626 shares. The company’s 50-day moving average is $23.40 and its 200-day moving average is $24.48. Green Plains Inc has a 12 month low of $17.26 and a 12 month high of $29.85. The company has a market capitalization of $906.23 million, a P/E ratio of 27.86 and a beta of 1.33.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Monday, May 1st. The specialty chemicals company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.09. Green Plains had a net margin of 0.19% and a negative return on equity of 1.68%. The firm had revenue of $887.70 million during the quarter, compared to analysts’ expectations of $920.45 million. During the same quarter in the previous year, the company posted ($0.63) EPS. Green Plains’s revenue was up 18.5% on a year-over-year basis. On average, analysts forecast that Green Plains Inc will post $1.29 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Green Plains (NASDAQ:GPRE)

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, May 26th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.12%. The ex-dividend date is Wednesday, May 24th. Green Plains’s dividend payout ratio (DPR) is presently 192.00%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in Green Plains during the third quarter valued at $139,000. Russell Investments Group Ltd. bought a new position in Green Plains during the fourth quarter valued at $1,275,000. State Board of Administration of Florida Retirement System boosted its position in Green Plains by 38.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 58,127 shares of the specialty chemicals company’s stock valued at $1,619,000 after buying an additional 16,219 shares during the period. Cipher Capital LP boosted its position in Green Plains by 101.9% in the fourth quarter. Cipher Capital LP now owns 21,094 shares of the specialty chemicals company’s stock valued at $587,000 after buying an additional 10,645 shares during the period. Finally, State Street Corp boosted its position in Green Plains by 3.1% in the fourth quarter. State Street Corp now owns 1,478,966 shares of the specialty chemicals company’s stock valued at $41,188,000 after buying an additional 43,898 shares during the period. Hedge funds and other institutional investors own 97.67% of the company’s stock.

A number of equities analysts have issued reports on GPRE shares. Roth Capital set a $33.00 price target on Green Plains and gave the company a “buy” rating in a research note on Wednesday, February 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a $30.00 price target on shares of Green Plains in a research note on Wednesday, April 26th. Zacks Investment Research raised Green Plains from a “strong sell” rating to a “hold” rating and set a $29.00 price target for the company in a research note on Thursday, May 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a $32.00 price target on shares of Green Plains in a research note on Monday, March 6th. Finally, Credit Suisse Group AG decreased their price target on Green Plains from $31.00 to $29.00 and set an “outperform” rating for the company in a research note on Wednesday, March 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.83.

About Green Plains

Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:GPRE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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