Mirae Asset Global Investments Co. Ltd. Has $670,000 Position in Green Plains Inc. (NASDAQ:GPRE)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Green Plains Inc. (NASDAQ:GPRE) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,565 shares of the specialty chemicals company’s stock after buying an additional 901 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Green Plains were worth $670,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Grantham Mayo Van Otterloo & Co. LLC grew its position in Green Plains by 11.9% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,479,901 shares of the specialty chemicals company’s stock worth $164,945,000 after buying an additional 584,257 shares in the last quarter. William Blair Investment Management LLC grew its position in Green Plains by 7.6% during the third quarter. William Blair Investment Management LLC now owns 1,740,748 shares of the specialty chemicals company’s stock worth $52,397,000 after buying an additional 123,244 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Green Plains by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 761,542 shares of the specialty chemicals company’s stock worth $22,922,000 after buying an additional 23,923 shares in the last quarter. Invesco Ltd. grew its position in Green Plains by 10.7% during the third quarter. Invesco Ltd. now owns 694,727 shares of the specialty chemicals company’s stock worth $20,911,000 after buying an additional 66,966 shares in the last quarter. Finally, Maven Securities LTD grew its position in Green Plains by 100.0% during the third quarter. Maven Securities LTD now owns 600,000 shares of the specialty chemicals company’s stock worth $18,060,000 after buying an additional 300,000 shares in the last quarter.

Insider Activity at Green Plains

In related news, Director Ejnar A. Knudsen III purchased 4,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $24.73 per share, with a total value of $98,920.00. Following the completion of the acquisition, the director now directly owns 40,913 shares in the company, valued at approximately $1,011,778.49. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. TheStreet cut shares of Green Plains from a “c-” rating to a “d+” rating in a research note on Wednesday, February 7th. Truist Financial restated a “buy” rating and set a $35.00 price target on shares of Green Plains in a research note on Tuesday, March 26th. Roth Mkm restated a “buy” rating and set a $55.00 price target on shares of Green Plains in a research note on Monday, March 25th. The Goldman Sachs Group cut their price target on shares of Green Plains from $39.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, January 30th. Finally, UBS Group cut their price target on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.40.

Green Plains Stock Performance

NASDAQ:GPRE opened at $21.16 on Friday. Green Plains Inc. has a 1 year low of $19.44 and a 1 year high of $36.02. The firm has a 50 day moving average of $21.88 and a 200-day moving average of $23.79. The company has a current ratio of 1.90, a quick ratio of 1.34 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $1.37 billion, a P/E ratio of -13.06 and a beta of 1.60.

Green Plains (NASDAQ:GPRE) last posted its earnings results on Wednesday, February 7th. The specialty chemicals company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. The firm had revenue of $712.39 million during the quarter, compared to the consensus estimate of $782.01 million. During the same quarter last year, the firm posted ($0.66) EPS. The business’s revenue was down 22.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Green Plains Inc. will post 0.47 EPS for the current fiscal year.

About Green Plains

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.