Clifford Capital Partners LLC Increases Position in Green Plains Inc. (NASDAQ:GPRE)

Clifford Capital Partners LLC lifted its stake in shares of Green Plains Inc. (NASDAQ:GPRE) by 53.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 511,026 shares of the specialty chemicals company’s stock after purchasing an additional 178,484 shares during the period. Clifford Capital Partners LLC owned 0.79% of Green Plains worth $8,105,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new position in Green Plains during the second quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Green Plains during the 2nd quarter valued at approximately $41,000. Crewe Advisors LLC acquired a new position in Green Plains in the first quarter valued at approximately $150,000. Virtu Financial LLC purchased a new position in Green Plains in the fourth quarter worth approximately $234,000. Finally, Quarry LP increased its stake in Green Plains by 41.8% during the fourth quarter. Quarry LP now owns 9,911 shares of the specialty chemicals company’s stock worth $250,000 after acquiring an additional 2,923 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GPRE shares. Truist Financial reiterated a “buy” rating and set a $25.00 price target (down from $30.00) on shares of Green Plains in a report on Monday, August 5th. BMO Capital Markets dropped their price target on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. UBS Group decreased their price objective on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a report on Monday, August 19th. Craig Hallum lowered their price objective on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Oppenheimer lowered Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.28.

Green Plains Stock Performance

Shares of GPRE stock opened at $13.07 on Wednesday. The stock’s 50-day moving average is $14.19 and its two-hundred day moving average is $17.23. The firm has a market cap of $844.57 million, a price-to-earnings ratio of -10.63 and a beta of 1.53. Green Plains Inc. has a 1 year low of $11.63 and a 1 year high of $31.92. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.68.

Green Plains (NASDAQ:GPRE) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The firm had revenue of $618.83 million during the quarter, compared to analysts’ expectations of $646.70 million. Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. The firm’s revenue was down 27.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.89) EPS. Analysts predict that Green Plains Inc. will post -0.95 earnings per share for the current 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.