Cape Investment Advisory Inc. Buys 5,450 Shares of Green Plains Inc. (NASDAQ:GPRE)

Cape Investment Advisory Inc. increased its stake in Green Plains Inc. (NASDAQ:GPRE) by 340.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,050 shares of the specialty chemicals company’s stock after purchasing an additional 5,450 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Green Plains were worth $67,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in shares of Green Plains by 433.3% in the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 2,717 shares during the period. Quest Partners LLC bought a new stake in shares of Green Plains in the 3rd quarter worth approximately $52,000. KBC Group NV raised its holdings in shares of Green Plains by 120.7% in the 4th quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock worth $58,000 after purchasing an additional 3,320 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Green Plains during the 3rd quarter valued at $155,000. Finally, GAMMA Investing LLC raised its holdings in Green Plains by 1,207.7% during the 4th quarter. GAMMA Investing LLC now owns 14,032 shares of the specialty chemicals company’s stock valued at $133,000 after acquiring an additional 12,959 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GPRE shares. BMO Capital Markets lowered their target price on shares of Green Plains from $13.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, February 10th. StockNews.com cut shares of Green Plains from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Truist Financial reissued a “buy” rating and set a $12.00 target price (down previously from $18.00) on shares of Green Plains in a report on Thursday, February 13th. Finally, Stephens raised shares of Green Plains to a “hold” rating in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.56.

Green Plains Stock Up 1.6 %

GPRE opened at $5.87 on Monday. The company has a fifty day moving average price of $8.40 and a 200-day moving average price of $10.87. The firm has a market capitalization of $379.96 million, a P/E ratio of -4.32 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.89. Green Plains Inc. has a one year low of $5.62 and a one year high of $24.04.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.64). Green Plains had a negative net margin of 3.36% and a negative return on equity of 11.88%. During the same quarter in the previous year, the business earned $0.13 EPS. Equities research analysts expect that Green Plains Inc. will post -0.5 earnings per share for the current fiscal year.

Green Plains 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.