Paloma Partners Management Co Acquires New Stake in Green Plains Inc. (NASDAQ:GPRE)

Paloma Partners Management Co acquired a new position in shares of Green Plains Inc. (NASDAQ:GPRE) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 62,005 shares of the specialty chemicals company’s stock, valued at approximately $840,000. Paloma Partners Management Co owned about 0.10% of Green Plains as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GPRE. Point72 Hong Kong Ltd acquired a new position in shares of Green Plains during the second quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Green Plains during the 2nd quarter worth approximately $41,000. Quest Partners LLC acquired a new stake in shares of Green Plains in the 3rd quarter valued at approximately $52,000. nVerses Capital LLC purchased a new stake in shares of Green Plains in the third quarter valued at approximately $65,000. Finally, Everence Capital Management Inc. acquired a new position in Green Plains during the third quarter worth $153,000.

Green Plains Stock Up 5.2 %

GPRE opened at $11.36 on Tuesday. The business’s fifty day simple moving average is $11.94 and its 200 day simple moving average is $14.21. Green Plains Inc. has a 52 week low of $10.36 and a 52 week high of $28.50. The firm has a market cap of $734.44 million, a P/E ratio of -29.89 and a beta of 1.53. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. UBS Group lowered their target price on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research report on Monday, August 19th. Truist Financial reduced their price target on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Oppenheimer cut Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. Finally, Craig Hallum reduced their price objective on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.50.

About Green Plains

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.