Clifford Capital Partners LLC Decreases Stake in Green Plains Inc. (NASDAQ:GPRE)

Clifford Capital Partners LLC lessened its position in shares of Green Plains Inc. (NASDAQ:GPRE) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 486,318 shares of the specialty chemicals company’s stock after selling 24,708 shares during the quarter. Clifford Capital Partners LLC’s holdings in Green Plains were worth $6,585,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Point72 Hong Kong Ltd bought a new stake in Green Plains in the second quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Green Plains in the 2nd quarter worth about $41,000. Quest Partners LLC purchased a new stake in shares of Green Plains during the 3rd quarter valued at about $52,000. nVerses Capital LLC bought a new position in shares of Green Plains in the 3rd quarter valued at about $65,000. Finally, Everence Capital Management Inc. bought a new position in shares of Green Plains in the 3rd quarter valued at about $153,000.

Green Plains Stock Performance

GPRE stock opened at $10.67 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. Green Plains Inc. has a 12 month low of $10.36 and a 12 month high of $28.50. The firm’s 50-day moving average is $12.13 and its 200 day moving average is $14.46.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GPRE shares. Craig Hallum lowered their price objective on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. UBS Group lowered their price target on Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research report on Monday, August 19th. Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. Truist Financial lowered their target price on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Finally, BMO Capital Markets cut their price target on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.50.

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.