Inspire Investing LLC Boosts Stock Holdings in Green Plains, Inc. $GPRE

Key Points

• Inspire Investing LLC significantly increased its stake in Green Plains, Inc. by purchasing an additional 24,388 shares, raising its ownership by 52.7% during the first quarter.
• Several institutional investors also boosted their positions in Green Plains, including Brooklyn Investment Group, which increased its stake by 2,313.4% during the same period.
• Green Plains recently reported financial results showing an earnings per share miss at ($0.41), with revenue of $552.83 million, indicating a 10.7% decline compared to the previous year.

Inspire Investing LLC boosted its holdings in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 52.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,629 shares of the specialty chemicals company's stock after acquiring an additional 24,388 shares during the period. Inspire Investing LLC owned about 0.11% of Green Plains worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GPRE. Ameriprise Financial Inc. grew its holdings in Green Plains by 424.8% during the 4th quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company's stock worth $7,624,000 after acquiring an additional 650,937 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Green Plains by 48.4% in the 4th quarter. BNP Paribas Financial Markets now owns 82,043 shares of the specialty chemicals company's stock valued at $778,000 after buying an additional 26,776 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Green Plains by 57.5% in the 4th quarter. Deutsche Bank AG now owns 65,607 shares of the specialty chemicals company's stock valued at $622,000 after buying an additional 23,946 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Green Plains by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,491 shares of the specialty chemicals company's stock valued at $346,000 after buying an additional 1,596 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Green Plains by 54.0% in the 4th quarter. Nuveen Asset Management LLC now owns 234,548 shares of the specialty chemicals company's stock valued at $2,224,000 after buying an additional 82,235 shares in the last quarter.

Green Plains Stock Performance

GPRE traded down $0.63 during trading on Friday, reaching $9.65. 5,857,607 shares of the company's stock were exchanged, compared to its average volume of 2,299,782. Green Plains, Inc. has a 1 year low of $3.14 and a 1 year high of $14.04. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 0.94. The stock has a market capitalization of $632.75 million, a P/E ratio of -4.02 and a beta of 1.22. The company's fifty day simple moving average is $9.01 and its 200-day simple moving average is $6.26.

Green Plains (NASDAQ:GPRE - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.13). Green Plains had a negative return on equity of 13.65% and a negative net margin of 6.34%.The business had revenue of $552.83 million for the quarter, compared to analysts' expectations of $578.18 million. During the same period in the prior year, the business posted ($0.38) earnings per share. The business's quarterly revenue was down 10.7% compared to the same quarter last year. As a group, research analysts predict that Green Plains, Inc. will post -0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on GPRE. Zacks Research upgraded shares of Green Plains to a "hold" rating in a report on Monday, August 11th. Bank of America restated an "underperform" rating and issued a $7.00 price target (up from $4.50) on shares of Green Plains in a report on Thursday, August 14th. Finally, Oppenheimer upgraded shares of Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 price target on the stock in a report on Thursday, August 28th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $8.83.

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.