Green Plains Partners (GPP) Rating Lowered to Sell at ValuEngine

ValuEngine lowered shares of Green Plains Partners (NASDAQ:GPP) from a hold rating to a sell rating in a research report report published on Monday, ValuEngine reports.

Several other brokerages also recently commented on GPP. BidaskClub upgraded shares of Green Plains Partners from a sell rating to a hold rating in a report on Wednesday, February 27th. Zacks Investment Research upgraded shares of Green Plains Partners from a sell rating to a hold rating in a research report on Tuesday, March 5th. Finally, Robert W. Baird lowered shares of Green Plains Partners from an outperform rating to a neutral rating and reduced their price target for the company from $18.00 to $17.00 in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $17.50.

Shares of GPP stock opened at $15.24 on Monday. The stock has a market capitalization of $345.94 million, a PE ratio of 9.58 and a beta of 0.49. Green Plains Partners has a one year low of $13.30 and a one year high of $17.80.



Green Plains Partners (NASDAQ:GPP) last announced its earnings results on Wednesday, May 8th. The transportation company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.14. The company had revenue of $21.09 million during the quarter, compared to the consensus estimate of $22.33 million. Green Plains Partners had a net margin of 54.78% and a negative return on equity of 72.48%. As a group, sell-side analysts expect that Green Plains Partners will post 1.26 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, May 3rd were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $1.90 annualized dividend and a yield of 12.47%. Green Plains Partners’s payout ratio is currently 119.50%.

In related news, insider Michelle Mapes sold 16,200 shares of the stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $15.39, for a total transaction of $249,318.00. Following the completion of the transaction, the insider now owns 1,502 shares in the company, valued at $23,115.78. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citigroup Inc. grew its position in Green Plains Partners by 323.3% during the fourth quarter. Citigroup Inc. now owns 5,503 shares of the transportation company’s stock valued at $75,000 after buying an additional 4,203 shares during the period. Barclays PLC bought a new position in Green Plains Partners during the fourth quarter valued at about $118,000. GSA Capital Partners LLP grew its position in Green Plains Partners by 13.1% during the fourth quarter. GSA Capital Partners LLP now owns 11,887 shares of the transportation company’s stock valued at $161,000 after buying an additional 1,377 shares during the period. Creative Planning bought a new position in Green Plains Partners during the fourth quarter valued at about $199,000. Finally, Nwam LLC grew its position in Green Plains Partners by 9.4% during the first quarter. Nwam LLC now owns 25,280 shares of the transportation company’s stock valued at $400,000 after buying an additional 2,180 shares during the period. Institutional investors own 29.36% of the company’s stock.

Green Plains Partners Company Profile

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 32 ethanol storage facilities and approximately 49 acres of land.

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