Green Plains Inc (NASDAQ:GPRE) CEO Todd A. Becker Sells 9,724 Shares

Green Plains Inc (NASDAQ:GPRE) CEO Todd A. Becker sold 9,724 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $15.12, for a total transaction of $147,026.88. Following the sale, the chief executive officer now owns 678,209 shares in the company, valued at $10,254,520.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Green Plains stock opened at $14.75 on Friday. The business has a 50-day simple moving average of $13.84 and a 200-day simple moving average of $11.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.77 and a current ratio of 1.29. Green Plains Inc has a one year low of $7.01 and a one year high of $17.74. The company has a market cap of $530.34 million, a PE ratio of -6.80 and a beta of 1.33.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Tuesday, November 5th. The specialty chemicals company reported ($1.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.15) by $0.09. Green Plains had a negative net margin of 2.46% and a negative return on equity of 18.33%. The firm had revenue of $632.35 million for the quarter, compared to analysts’ expectations of $900.00 million. During the same quarter last year, the company earned ($0.31) earnings per share. On average, sell-side analysts predict that Green Plains Inc will post -4.17 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of GPRE. BlackRock Inc. raised its holdings in shares of Green Plains by 1.1% in the 2nd quarter. BlackRock Inc. now owns 6,376,143 shares of the specialty chemicals company’s stock valued at $68,737,000 after purchasing an additional 70,115 shares in the last quarter. Northern Trust Corp grew its stake in shares of Green Plains by 0.6% during the second quarter. Northern Trust Corp now owns 985,596 shares of the specialty chemicals company’s stock worth $10,625,000 after purchasing an additional 5,749 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Green Plains by 158.1% during the second quarter. Renaissance Technologies LLC now owns 961,643 shares of the specialty chemicals company’s stock worth $10,367,000 after purchasing an additional 589,043 shares in the last quarter. Carlson Capital L P grew its stake in shares of Green Plains by 99.8% during the second quarter. Carlson Capital L P now owns 928,453 shares of the specialty chemicals company’s stock worth $10,009,000 after purchasing an additional 463,835 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in Green Plains in the second quarter valued at $9,458,000. Institutional investors own 97.21% of the company’s stock.

GPRE has been the subject of several research reports. Stephens assumed coverage on shares of Green Plains in a research note on Monday, October 7th. They issued an “equal weight” rating and a $12.00 price target for the company. BidaskClub cut Green Plains from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, ValuEngine lowered Green Plains from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $15.67.

About Green Plains

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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