Dimensional Fund Advisors LP Has $30.36 Million Stock Position in Green Plains Inc. (NASDAQ:GPRE)

Dimensional Fund Advisors LP cut its holdings in Green Plains Inc. (NASDAQ:GPRE) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,913,853 shares of the specialty chemicals company’s stock after selling 27,819 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Green Plains were worth $30,356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wolf Hill Capital Management LP grew its holdings in shares of Green Plains by 3,036.9% during the 1st quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock valued at $40,545,000 after purchasing an additional 1,697,784 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Green Plains by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after acquiring an additional 447,825 shares during the last quarter. Grizzlyrock Capital LLC acquired a new stake in shares of Green Plains during the 4th quarter valued at $10,444,000. Kailix Advisors LLC increased its holdings in Green Plains by 39.8% in the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock worth $22,406,000 after purchasing an additional 382,517 shares in the last quarter. Finally, Broad Bay Capital Management LP raised its position in Green Plains by 17.6% in the fourth quarter. Broad Bay Capital Management LP now owns 2,352,000 shares of the specialty chemicals company’s stock valued at $59,317,000 after purchasing an additional 352,000 shares during the last quarter.

Green Plains Price Performance

Green Plains stock opened at $13.07 on Wednesday. The stock has a market capitalization of $844.57 million, a price-to-earnings ratio of -10.63 and a beta of 1.53. Green Plains Inc. has a 52-week low of $11.63 and a 52-week 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. The stock’s 50 day moving average price is $14.26 and its two-hundred day moving average price is $17.28.

Green Plains (NASDAQ:GPRE) last posted its quarterly 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). Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. The company had revenue of $618.83 million during the quarter, compared to the consensus estimate of $646.70 million. During the same period last year, the firm posted ($0.89) earnings per share. The company’s revenue for the quarter was down 27.8% on a year-over-year basis. On average, equities analysts predict that Green Plains Inc. will post -0.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GPRE shares. Craig Hallum reduced their price target on Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. UBS Group decreased their price target on shares of 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 lowered shares of Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. BMO Capital Markets decreased their price objective on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Finally, Truist Financial reaffirmed a “buy” rating and set a $25.00 target price (down from $30.00) on shares of Green Plains in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Green Plains has an average rating of “Moderate Buy” and an average price target of $26.28.

Green Plains 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.