Algert Global LLC Buys 395,195 Shares of Green Plains Inc. (NASDAQ:GPRE)

Algert Global LLC grew its position in Green Plains Inc. (NASDAQ:GPRE - Free Report) by 340.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 511,295 shares of the specialty chemicals company's stock after acquiring an additional 395,195 shares during the period. Algert Global LLC owned 0.79% of Green Plains worth $4,847,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in 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 in the last quarter. Dauntless Investment Group LLC bought a new stake in shares of Green Plains during the fourth quarter worth about $54,000. KBC Group NV increased its stake in shares of Green Plains by 120.7% in the fourth quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company's stock valued at $58,000 after buying an additional 3,320 shares during the period. Cape Investment Advisory Inc. raised its holdings in Green Plains by 340.6% in the 4th quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company's stock valued at $67,000 after buying an additional 5,450 shares during the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new stake in Green Plains during the 4th quarter worth approximately $96,000.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GPRE. Jefferies Financial Group cut shares of Green Plains from a "buy" rating to a "hold" rating and decreased their price target for the company from $14.00 to $6.00 in a research report on Tuesday, March 11th. BMO Capital Markets lowered their target price on Green Plains from $13.00 to $8.00 and set a "market perform" rating for the company in a research report on Monday, February 10th. UBS Group lowered Green Plains from a "buy" rating to a "neutral" rating and reduced their price target for the company from $20.50 to $7.00 in a research report on Tuesday, March 4th. StockNews.com downgraded Green Plains from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Finally, Bank of America cut Green Plains from a "buy" rating to a "neutral" rating and reduced their target price for the company from $10.00 to $4.50 in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Green Plains currently has a consensus rating of "Hold" and a consensus target price of $16.50.

Green Plains Price Performance

Shares of GPRE opened at $3.70 on Tuesday. The firm has a market cap of $251.18 million, a PE ratio of -2.72 and a beta of 1.19. Green Plains Inc. has a 52-week low of $3.14 and a 52-week high of $20.82. The business's 50 day moving average price is $4.49 and its two-hundred day moving average price is $7.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (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 last year, the company posted $0.13 EPS. On average, equities analysts anticipate that Green Plains Inc. will post -0.5 EPS for the current year.

About Green Plains

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.

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