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

Diametric Capital LP boosted its stake in shares of Green Plains Inc. (NASDAQ:GPRE) by 11.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,890 shares of the specialty chemicals company’s stock after purchasing an additional 2,388 shares during the quarter. Diametric Capital LP’s holdings in Green Plains were worth $217,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Van ECK Associates Corp increased its stake in shares of Green Plains by 433.3% during the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 2,717 shares during the period. KBC Group NV increased its position in shares of Green Plains by 120.7% in the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 3,320 shares during the last quarter. Cape Investment Advisory Inc. increased its position in shares of Green Plains by 340.6% in the 4th quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock valued at $67,000 after purchasing an additional 5,450 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Green Plains by 28.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,394 shares of the specialty chemicals company’s stock worth $108,000 after purchasing an additional 2,503 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Green Plains during the fourth quarter worth $117,000.

Green Plains Trading Up 3.3 %

Shares of Green Plains stock opened at $5.01 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48. The company has a market capitalization of $324.29 million, a P/E ratio of -3.68 and a beta of 1.55. Green Plains Inc. has a 1 year low of $4.62 and a 1 year high of $24.04. The company’s fifty day moving average is $6.39 and its two-hundred day moving average is $9.53.

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

Analysts Set New Price Targets

A number of analysts have weighed in on GPRE shares. UBS Group cut Green Plains from a “buy” rating to a “neutral” rating and cut their price target for the company from $20.50 to $7.00 in a research note on Tuesday, March 4th. Jefferies Financial Group lowered Green Plains from a “buy” rating to a “hold” rating and cut their target price for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. Truist Financial reaffirmed a “buy” rating and issued a $12.00 price target (down from $18.00) on shares of Green Plains in a report on Thursday, February 13th. BMO Capital Markets cut their price objective 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. Finally, StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.89.

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.