Dynamic Technology Lab Private Ltd Increases Stake in Green Plains Inc. (NASDAQ:GPRE)

Dynamic Technology Lab Private Ltd grew its position in Green Plains Inc. (NASDAQ:GPRE) by 292.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 46,858 shares of the specialty chemicals company’s stock after purchasing an additional 34,915 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Green Plains were worth $634,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GPRE. Point72 Hong Kong Ltd bought a new stake in shares of Green Plains during the second quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Green Plains in the 2nd quarter worth $41,000. Quest Partners LLC purchased a new position in shares of Green Plains in the third quarter worth $52,000. nVerses Capital LLC bought a new position in shares of Green Plains during the third quarter valued at $65,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of Green Plains during the third quarter valued at $153,000.

Wall Street Analyst Weigh In

GPRE has been the subject of a number of recent analyst reports. UBS Group decreased their target price on Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research report on Monday, August 19th. StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a report on Thursday. Craig Hallum dropped their target price on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Truist Financial decreased their target price on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, BMO Capital Markets cut their price objective on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Green Plains Stock Performance

Shares of GPRE opened at $10.82 on Friday. The business has a 50-day simple moving average of $12.02 and a two-hundred day simple moving average of $14.40. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. Green Plains Inc. has a 52 week low of $10.36 and a 52 week high of $28.50. The stock has a market cap of $699.51 million, a price-to-earnings ratio of -28.47 and a beta of 1.53.

Green Plains Company 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.