Algert Global LLC bought a new stake in Green Plains Inc. (NASDAQ:GPRE - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 116,100 shares of the specialty chemicals company's stock, valued at approximately $1,572,000. Algert Global LLC owned about 0.18% of Green Plains at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in Green Plains in the second quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Green Plains during the 2nd quarter worth approximately $41,000. Quest Partners LLC bought a new stake in shares of Green Plains in the 3rd quarter valued at $52,000. nVerses Capital LLC acquired a new stake in Green Plains in the third quarter worth $65,000. Finally, Everence Capital Management Inc. bought a new stake in Green Plains in the third quarter valued at $153,000.
Green Plains Stock Performance
Shares of NASDAQ GPRE traded down $0.02 during trading on Friday, reaching $10.80. 369,815 shares of the stock traded hands, compared to its average volume of 1,109,762. Green Plains Inc. has a 52-week low of $10.36 and a 52-week high of $28.50. The company has a 50-day moving average of $11.97 and a 200-day moving average of $14.34. The stock has a market capitalization of $698.23 million, a P/E ratio of -28.42 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16.
Analyst Ratings Changes
GPRE has been the topic of a number of research analyst reports. Oppenheimer cut shares of Green Plains from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 7th. BMO Capital Markets decreased 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. StockNews.com raised shares of Green Plains from a "sell" rating to a "hold" rating in a research report on Thursday. Craig Hallum lowered their price objective 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. Finally, UBS Group reduced their price objective on shares of Green Plains from $26.00 to $23.50 and set a "buy" rating for the company in a report on Monday, August 19th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.50.
Get Our Latest Stock Report on GPRE
Green Plains Profile
(
Free Report)
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.
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