Green Plains Partners (NASDAQ:GPP) Cut to Sell at ValuEngine

ValuEngine cut shares of Green Plains Partners (NASDAQ:GPP) from a hold rating to a sell rating in a report published on Tuesday, May 7th, ValuEngine reports.

Other analysts have also issued reports about the stock. BidaskClub lowered shares of Green Plains Partners from a hold rating to a sell rating in a research note on Friday, February 8th. Zacks Investment Research lowered shares of Green Plains Partners from a hold rating to a sell rating in a research note on Wednesday, March 13th. Finally, Robert W. Baird lowered shares of Green Plains Partners from an outperform rating to a neutral rating and reduced their price objective for the company from $18.00 to $17.00 in a research note on Thursday, March 7th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $17.50.

Shares of Green Plains Partners stock traded down $0.32 during trading on Tuesday, hitting $14.25. 59,663 shares of the stock were exchanged, compared to its average volume of 35,699. The firm has a market capitalization of $331.09 million, a P/E ratio of 8.96 and a beta of 0.49. Green Plains Partners has a 12 month low of $13.30 and a 12 month high of $17.80.

Green Plains Partners (NASDAQ:GPP) last announced its earnings results on Wednesday, May 8th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.14. Green Plains Partners had a net margin of 54.78% and a negative return on equity of 71.28%. The firm had revenue of $21.09 million during the quarter, compared to analyst estimates of $22.33 million. As a group, research analysts expect that Green Plains Partners will post 1.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, May 3rd were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 13.33%. The ex-dividend date of this dividend was Thursday, May 2nd. Green Plains Partners’s dividend payout ratio (DPR) is 119.50%.

Several hedge funds and other institutional investors have recently bought and sold shares of GPP. Morgan Stanley raised its stake in shares of Green Plains Partners by 5.3% during the 3rd quarter. Morgan Stanley now owns 1,060,379 shares of the transportation company’s stock worth $15,799,000 after purchasing an additional 53,809 shares in the last quarter. Mondrian Investment Partners LTD increased its holdings in shares of Green Plains Partners by 26.1% during the 4th quarter. Mondrian Investment Partners LTD now owns 289,769 shares of the transportation company’s stock worth $3,932,000 after acquiring an additional 59,958 shares during the last quarter. Creative Planning acquired a new position in shares of Green Plains Partners during the 4th quarter worth approximately $199,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Green Plains Partners by 20.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 46,455 shares of the transportation company’s stock worth $630,000 after acquiring an additional 8,017 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Green Plains Partners by 323.3% during the 4th quarter. Citigroup Inc. now owns 5,503 shares of the transportation company’s stock worth $75,000 after acquiring an additional 4,203 shares during the last quarter. 19.61% of the stock is owned by institutional investors and hedge funds.

About Green Plains Partners

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 32 ethanol storage facilities and approximately 49 acres of land.

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