StockNews.com Begins Coverage on Green Plains Partners (NASDAQ:GPP)

Equities research analysts at StockNews.com began coverage on shares of Green Plains Partners (NASDAQ:GPP) in a research report issued on Tuesday. The firm set a “buy” rating on the transportation company’s stock.

Separately, Stifel Nicolaus decreased their price target on shares of Green Plains Partners from $15.00 to $14.50 in a research note on Thursday, May 18th.

Green Plains Partners Trading Up 2.2 %

NASDAQ:GPP opened at $13.21 on Tuesday. The company has a debt-to-equity ratio of 78.08, a current ratio of 1.12 and a quick ratio of 1.12. Green Plains Partners has a fifty-two week low of $11.72 and a fifty-two week high of $14.91. The business’s 50-day simple moving average is $13.51 and its 200-day simple moving average is $13.02. The stock has a market capitalization of $307.26 million, a PE ratio of 8.01 and a beta of 0.83.

Green Plains Partners (NASDAQ:GPP) last issued its quarterly earnings results on Friday, August 4th. The transportation company reported $0.39 EPS for the quarter. The firm had revenue of $20.52 million during the quarter. Green Plains Partners had a return on equity of 14,458.89% and a net margin of 47.43%.

Institutional Investors Weigh In On Green Plains Partners

A number of large investors have recently modified their holdings of GPP. Royal Bank of Canada boosted its holdings in shares of Green Plains Partners by 28.6% during the 1st quarter. Royal Bank of Canada now owns 4,500 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 1,000 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Green Plains Partners by 6.3% during the 1st quarter. Raymond James & Associates now owns 28,389 shares of the transportation company’s stock valued at $361,000 after acquiring an additional 1,688 shares in the last quarter. UBS Group AG boosted its holdings in shares of Green Plains Partners by 12.8% during the 3rd quarter. UBS Group AG now owns 16,120 shares of the transportation company’s stock valued at $197,000 after acquiring an additional 1,834 shares in the last quarter. Dorsey Wright & Associates acquired a new stake in shares of Green Plains Partners during the 4th quarter valued at $25,000. Finally, BNP Paribas Arbitrage SNC boosted its holdings in shares of Green Plains Partners by 24.1% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 11,825 shares of the transportation company’s stock valued at $153,000 after acquiring an additional 2,295 shares in the last quarter. Institutional investors and hedge funds own 16.50% of the company’s stock.

About Green Plains Partners

Green Plains Partners LP provides fuel storage and transportation services in the United States. The company acquires, owns, develops, and operates ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. It also owns and operates a fleet of 19 trucks and tankers for transportation of ethanol and other products.