Green Plains, Inc. $GPRE Shares Sold by Lumbard & Kellner LLC

by · The Cerbat Gem

Lumbard & Kellner LLC lessened its position in Green Plains, Inc. (NASDAQ:GPRE – Free Report) by 36.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 470,168 shares of the specialty chemicals company’s stock after selling 270,155 shares during the period. Lumbard & Kellner LLC’s holdings in Green Plains were worth $2,835,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GPRE. Quadrature Capital Ltd purchased a new position in Green Plains during the second quarter worth about $75,000. Hsbc Holdings PLC purchased a new stake in Green Plains in the 2nd quarter valued at approximately $499,000. Russell Investments Group Ltd. increased its position in Green Plains by 58.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 223,627 shares of the specialty chemicals company’s stock worth $1,348,000 after purchasing an additional 82,811 shares during the period. Inceptionr LLC purchased a new position in shares of Green Plains during the 2nd quarter worth approximately $109,000. Finally, Clifford Capital Partners LLC lifted its holdings in shares of Green Plains by 201.2% in the 2nd quarter. Clifford Capital Partners LLC now owns 1,386,961 shares of the specialty chemicals company’s stock valued at $8,363,000 after buying an additional 926,553 shares during the period.

Wall Street Analyst Weigh In

GPRE has been the topic of a number of recent analyst reports. Tudor Pickering raised Green Plains from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Wall Street Zen raised shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Oppenheimer set a $15.00 price objective on shares of Green Plains and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Plains in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Green Plains to a “hold” rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Get Our Latest Research Report on GPRE

Green Plains Trading Up 3.0%

NASDAQ:GPRE opened at $10.29 on Monday. Green Plains, Inc. has a 52-week low of $3.14 and a 52-week high of $12.31. The company has a quick ratio of 0.94, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $10.05 and a 200-day simple moving average of $8.30. The company has a market capitalization of $718.67 million, a PE ratio of -4.29 and a beta of 1.28.

Green Plains (NASDAQ:GPRE – Get Free Report) last posted its earnings results on Wednesday, November 5th. The specialty chemicals company reported $0.35 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.48. Green Plains had a negative net margin of 6.34% and a negative return on equity of 13.65%. The firm had revenue of $508.49 million during the quarter, compared to the consensus estimate of $583.55 million. During the same period last year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was down 22.8% on a year-over-year basis. On average, equities research analysts expect that Green Plains, Inc. will post -0.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Green Plains

In related news, insider Michelle Mapes sold 30,954 shares of Green Plains stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $9.51, for a total transaction of $294,372.54. Following the completion of the transaction, the insider directly owned 60,558 shares in the company, valued at $575,906.58. The trade was a 33.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

About Green Plains

(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.

See Also

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