Tower Research Capital LLC TRC Lowers Stake in Green Plains Inc. (NASDAQ:GPRE)

Tower Research Capital LLC TRC lowered its stake in shares of Green Plains Inc. (NASDAQ:GPRE) by 62.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,786 shares of the specialty chemicals company’s stock after selling 2,963 shares during the period. Tower Research Capital LLC TRC’s holdings in Green Plains were worth $45,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GPRE. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Green Plains by 11.9% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,479,901 shares of the specialty chemicals company’s stock worth $164,945,000 after purchasing an additional 584,257 shares in the last quarter. Maven Securities LTD increased its position in shares of Green Plains by 100.0% during the third quarter. Maven Securities LTD now owns 600,000 shares of the specialty chemicals company’s stock worth $18,060,000 after purchasing an additional 300,000 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Green Plains by 34.2% during the fourth quarter. Hsbc Holdings PLC now owns 703,798 shares of the specialty chemicals company’s stock worth $17,919,000 after purchasing an additional 179,511 shares in the last quarter. Tudor Investment Corp Et Al acquired a new position in shares of Green Plains during the third quarter worth $4,475,000. Finally, Trexquant Investment LP increased its position in shares of Green Plains by 1,498.3% during the fourth quarter. Trexquant Investment LP now owns 151,360 shares of the specialty chemicals company’s stock worth $3,817,000 after purchasing an additional 141,890 shares in the last quarter.

Green Plains Stock Performance

NASDAQ:GPRE traded up $0.62 during mid-day trading on Thursday, hitting $20.74. The company’s stock had a trading volume of 1,360,857 shares, compared to its average volume of 1,206,172. Green Plains Inc. has a 1 year low of $19.44 and a 1 year high of $36.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.90 and a quick ratio of 1.34. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -12.44 and a beta of 1.62. The business’s fifty day moving average is $21.73 and its two-hundred day moving average is $23.58.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Wednesday, February 7th. The specialty chemicals company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. The business had revenue of $712.39 million during the quarter, compared to analysts’ expectations of $782.01 million. During the same period in the previous year, the company posted ($0.66) earnings per share. Green Plains’s revenue for the quarter was down 22.1% compared to the same quarter last year. Analysts anticipate that Green Plains Inc. will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Green Plains

In other news, Director Ejnar A. Knudsen III bought 4,000 shares of the stock in a transaction dated Monday, February 12th. The shares were acquired at an average cost of $24.73 per share, with a total value of $98,920.00. Following the purchase, the director now directly owns 40,913 shares in the company, valued at approximately $1,011,778.49. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GPRE. The Goldman Sachs Group reduced their price target on Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. Truist Financial reissued a “buy” rating and issued a $35.00 target price on shares of Green Plains in a research report on Tuesday, March 26th. Roth Mkm reissued a “buy” rating and issued a $55.00 target price on shares of Green Plains in a research report on Monday, March 25th. TheStreet downgraded Green Plains from a “c-” rating to a “d+” rating in a research report on Wednesday, February 7th. Finally, UBS Group cut their target price on Green Plains from $33.50 to $31.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Green Plains currently has a consensus rating of “Moderate Buy” and an average target price of $37.40.

Green Plains Company Profile

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.