J. Goldman & Co LP Takes $1.76 Million Position in Green Plains Inc. (NASDAQ:GPRE)

J. Goldman & Co LP bought a new position in shares of Green Plains Inc. (NASDAQ:GPRE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 185,878 shares of the specialty chemicals company's stock, valued at approximately $1,762,000. J. Goldman & Co LP owned about 0.29% of Green Plains as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its stake in shares of Green Plains by 71.5% during the third quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company's stock worth $1,935,000 after purchasing an additional 59,564 shares during the period. Assenagon Asset Management S.A. grew its stake in Green Plains by 1,122.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company's stock valued at $6,675,000 after acquiring an additional 646,507 shares during the period. SG Americas Securities LLC grew its stake in Green Plains by 4.1% in the fourth quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company's stock valued at $355,000 after acquiring an additional 1,488 shares during the period. Inspire Investing LLC grew its stake in Green Plains by 39.8% in the fourth quarter. Inspire Investing LLC now owns 46,241 shares of the specialty chemicals company's stock valued at $438,000 after acquiring an additional 13,154 shares during the period. Finally, KBC Group NV grew its stake in 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 acquiring an additional 3,320 shares during the period.

Analysts Set New Price Targets

A number of research analysts have issued reports on GPRE shares. Jefferies Financial Group cut Green Plains from a "buy" rating to a "hold" rating and decreased their target price for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. StockNews.com cut Green Plains from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Truist Financial reissued a "buy" rating and issued a $12.00 target price (down from $18.00) on shares of Green Plains in a research note on Thursday, February 13th. Bank of America cut Green Plains from a "buy" rating to a "neutral" rating and decreased their target price for the company from $10.00 to $4.50 in a research note on Tuesday, April 15th. Finally, UBS Group lowered Green Plains from a "buy" rating to a "neutral" rating and cut their price target for the company from $20.50 to $7.00 in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $11.93.

Green Plains Stock Down 1.6%

GPRE traded down $0.08 on Thursday, hitting $5.05. 2,890,781 shares of the company were exchanged, compared to its average volume of 1,401,429. Green Plains Inc. has a 12 month low of $3.14 and a 12 month high of $20.40. The company has a market cap of $342.82 million, a PE ratio of -3.71 and a beta of 1.19. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.48. The stock's fifty day moving average is $4.32 and its 200-day moving average is $7.64.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its earnings results on Thursday, May 8th. The specialty chemicals company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.37). Green Plains had a negative return on equity of 11.88% and a negative net margin of 3.36%. The company had revenue of $601.52 million for the quarter, compared to the consensus estimate of $605.62 million. During the same quarter in the previous year, the company posted ($0.81) EPS. The business's revenue was up .7% on a year-over-year basis. Equities research analysts predict that Green Plains Inc. will post -0.5 EPS for the current fiscal year.

Green Plains Company 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.