Green Plains Partners LP provides fuel storage and transportation services in the United States. It acquires, owns, develops, and operates ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The company owns or leases 29 ethanol storage facilities and approximately 43 acres of land; and 4 fuel terminals in Alabama, Louisiana, Mississippi, and Oklahoma. It also owns and operates a fleet of 19 trucks and tankers for transportation of ethanol and other products. The company was incorporated in 2015 and is headquartered in Omaha, Nebraska.
Green Plains Partners Stock Up 2.1 %
Shares of Green Plains Partners stock traded up $0.28 during trading hours on Friday, hitting $13.55. 579 shares of the company's stock traded hands, compared to its average volume of 79,946. The stock has a 50 day simple moving average of $12.57 and a 200-day simple moving average of $13.36. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 25.27. The company has a market cap of $315.04 million, a PE ratio of 7.81 and a beta of 0.77. Green Plains Partners has a twelve month low of $11.05 and a twelve month high of $16.02.
Green Plains Partners Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, August 5th will be given a $0.45 dividend. This is a positive change from Green Plains Partners's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 4th. This represents a $1.80 annualized dividend and a yield of 13.28%. Green Plains Partners's payout ratio is 105.88%.
Insiders Place Their Bets
In other news, insider Michelle Mapes bought 5,000 shares of the company's stock in a transaction that occurred on Tuesday, August 9th. The shares were purchased at an average price of $12.88 per share, for a total transaction of $64,400.00. Following the acquisition, the insider now directly owns 14,242 shares of the company's stock, valued at approximately $183,436.96. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.