Insider Buying: Green Plains Inc (NASDAQ:GPRE) CEO Acquires 5,000 Shares of Stock

Green Plains Inc (NASDAQ:GPRE) CEO Todd A. Becker acquired 5,000 shares of Green Plains stock in a transaction dated Tuesday, September 22nd. The stock was purchased at an average cost of $14.72 per share, for a total transaction of $73,600.00. Following the completion of the purchase, the chief executive officer now directly owns 544,595 shares in the company, valued at $8,016,438.40. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

GPRE traded down $0.95 during trading on Wednesday, reaching $13.92. 472,640 shares of the company were exchanged, compared to its average volume of 670,724. The stock has a market cap of $496.29 million, a P/E ratio of -4.80 and a beta of 2.15. The firm has a 50 day moving average of $14.73 and a 200 day moving average of $9.74. The company has a current ratio of 1.59, a quick ratio of 1.06 and a debt-to-equity ratio of 0.40. Green Plains Inc has a 52 week low of $3.77 and a 52 week high of $17.76.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Monday, August 3rd. The specialty chemicals company reported ($0.24) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.72) by $0.48. The firm had revenue of $417.99 million during the quarter, compared to the consensus estimate of $650.00 million. Green Plains had a negative return on equity of 7.12% and a negative net margin of 4.31%. As a group, analysts forecast that Green Plains Inc will post -1.45 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of GPRE. Encompass Capital Advisors LLC bought a new position in Green Plains during the 2nd quarter worth $8,596,000. Nuveen Asset Management LLC boosted its position in Green Plains by 176.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 991,786 shares of the specialty chemicals company’s stock worth $10,131,000 after acquiring an additional 632,786 shares during the period. State Street Corp boosted its position in Green Plains by 18.8% during the 1st quarter. State Street Corp now owns 2,093,014 shares of the specialty chemicals company’s stock worth $10,151,000 after acquiring an additional 331,022 shares during the period. JPMorgan Chase & Co. boosted its position in Green Plains by 72.1% during the 1st quarter. JPMorgan Chase & Co. now owns 760,421 shares of the specialty chemicals company’s stock worth $3,688,000 after acquiring an additional 318,575 shares during the period. Finally, Donald Smith & CO. Inc. boosted its position in Green Plains by 66.0% during the 1st quarter. Donald Smith & CO. Inc. now owns 565,613 shares of the specialty chemicals company’s stock worth $2,743,000 after acquiring an additional 224,972 shares during the period.

GPRE has been the topic of several recent research reports. Jefferies Financial Group boosted their price target on Green Plains from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. Craig Hallum upped their target price on Green Plains from $11.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Zacks Investment Research raised Green Plains from a “sell” rating to a “hold” rating in a research report on Thursday, August 20th. BidaskClub raised Green Plains from a “hold” rating to a “buy” rating in a research report on Thursday, September 17th. Finally, ValuEngine lowered Green Plains from a “buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $14.00.

Green Plains Company Profile

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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