Headlands Technologies LLC Takes Position in Green Plains Inc. (NASDAQ:GPRE)

Headlands Technologies LLC acquired a new stake in Green Plains Inc. (NASDAQ:GPRE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,489 shares of the specialty chemicals company’s stock, valued at approximately $88,000.

Several other large investors have also made changes to their positions in GPRE. Covestor Ltd lifted its position in shares of Green Plains by 50.4% in the third quarter. Covestor Ltd now owns 2,546 shares of the specialty chemicals company’s stock worth $76,000 after buying an additional 853 shares in the last quarter. iA Global Asset Management Inc. purchased a new stake in shares of Green Plains in the third quarter worth about $164,000. Seven Eight Capital LP purchased a new stake in shares of Green Plains in the third quarter worth about $246,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Green Plains by 24.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,580 shares of the specialty chemicals company’s stock worth $288,000 after buying an additional 1,865 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Green Plains by 30.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,461 shares of the specialty chemicals company’s stock worth $314,000 after buying an additional 2,881 shares in the last quarter.

Insider Activity

In other news, Director Ejnar A. Knudsen III acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $24.73 per share, with a total value of $98,920.00. Following the completion of the purchase, the director now directly owns 40,913 shares in the company, valued at $1,011,778.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

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

Green Plains Stock Performance

GPRE opened at $20.67 on Wednesday. The stock’s 50 day moving average price is $21.78 and its 200-day moving average price is $23.60. Green Plains Inc. has a one year low of $19.44 and a one year high of $36.02. The company has a quick ratio of 1.34, a current ratio of 1.90 and a debt-to-equity ratio of 0.50.

Green Plains (NASDAQ:GPRE) last released its earnings results on Wednesday, February 7th. The specialty chemicals company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The business had revenue of $712.39 million for the quarter, compared to the consensus estimate of $782.01 million. Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. The company’s quarterly revenue was down 22.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.66) EPS. On average, sell-side analysts forecast that Green Plains Inc. will post 0.28 earnings per share for the current year.

Green Plains Company Profile

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.