Nexpoint Asset Management L.P. Has $1.86 Million Holdings in Green Plains, Inc. $GPRE

Key Points

• Nexpoint Asset Management L.P. increased its stake in Green Plains, Inc. by 805.5% during the first quarter, acquiring 382,563 shares valued at approximately $1.86 million.
• Multiple institutional investors have also significantly increased their positions in Green Plains, with Federated Hermes Inc. investing around $8.86 million in a new position during the same period.
• Green Plains reported a loss of $0.41 per share for the last quarter, missing analysts' expectations, and experienced a 10.7% year-over-year decline in revenue.

Nexpoint Asset Management L.P. boosted its holdings in shares of Green Plains, Inc. (NASDAQ:GPRE - Free Report) by 805.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 382,563 shares of the specialty chemicals company's stock after buying an additional 340,313 shares during the quarter. Nexpoint Asset Management L.P. owned approximately 0.58% of Green Plains worth $1,855,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GPRE. Federated Hermes Inc. acquired a new position in Green Plains during the first quarter worth approximately $8,860,000. Ameriprise Financial Inc. grew its position in shares of Green Plains by 424.8% in the fourth quarter. Ameriprise Financial Inc. now owns 804,175 shares of the specialty chemicals company's stock valued at $7,624,000 after purchasing an additional 650,937 shares during the last quarter. Lumbard & Kellner LLC grew its position in shares of Green Plains by 159.4% in the first quarter. Lumbard & Kellner LLC now owns 740,323 shares of the specialty chemicals company's stock valued at $3,591,000 after purchasing an additional 454,882 shares during the last quarter. Broad Bay Capital Management LP grew its position in shares of Green Plains by 16.1% in the first quarter. Broad Bay Capital Management LP now owns 2,566,086 shares of the specialty chemicals company's stock valued at $12,446,000 after purchasing an additional 355,685 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Green Plains in the fourth quarter valued at approximately $2,807,000.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GPRE. Bank of America reaffirmed an "underperform" rating and issued a $7.00 target price (up previously from $4.50) on shares of Green Plains in a research report on Thursday, August 14th. Oppenheimer raised Green Plains from a "market perform" rating to an "outperform" rating and set a $14.00 target price on the stock in a research report on Thursday, August 28th. Zacks Research raised Green Plains to a "hold" rating in a research report on Monday, August 11th. Finally, BMO Capital Markets decreased their target price on Green Plains from $8.00 to $7.00 and set a "market perform" rating on the stock in a research report on Monday, May 12th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Green Plains presently has a consensus rating of "Hold" and a consensus target price of $8.83.

Green Plains Trading Up 3.2%

Shares of NASDAQ:GPRE opened at $11.15 on Friday. The company has a market capitalization of $731.11 million, a P/E ratio of -4.65 and a beta of 1.22. Green Plains, Inc. has a 1 year low of $3.14 and a 1 year high of $14.67. 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 business's 50 day simple moving average is $8.33 and its 200 day simple moving average is $5.96.

Green Plains (NASDAQ:GPRE - Get Free Report) last issued 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). The company had revenue of $552.83 million for the quarter, compared to analyst estimates of $578.18 million. Green Plains had a negative return on equity of 13.65% and a negative net margin of 6.34%.The company's quarterly revenue was down 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.38) EPS. On average, research analysts anticipate that Green Plains, Inc. will post -0.5 EPS 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.

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