Inspire Advisors LLC Takes Position in Green Plains Inc. (NASDAQ:GPRE)

Inspire Advisors LLC purchased a new stake in shares of Green Plains Inc. (NASDAQ:GPRE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 13,646 shares of the specialty chemicals company’s stock, valued at approximately $185,000.

Other hedge funds also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in shares of Green Plains during the 2nd quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Green Plains during the second quarter valued at $41,000. nVerses Capital LLC purchased a new stake in shares of Green Plains during the third quarter valued at $65,000. Crewe Advisors LLC purchased a new stake in shares of Green Plains during the first quarter valued at $150,000. Finally, DRW Securities LLC purchased a new stake in shares of Green Plains during the second quarter valued at $168,000.

Green Plains Stock Performance

Shares of GPRE stock opened at $11.64 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.68 and a quick ratio of 1.11. Green Plains Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $31.92. The stock’s 50-day moving average is $13.27 and its two-hundred day moving average is $16.35. The firm has a market cap of $752.17 million, a P/E ratio of -9.46 and a beta of 1.52.

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). Green Plains had a negative return on equity of 4.94% and a negative net margin of 1.64%. The firm had revenue of $618.83 million during the quarter, compared to analyst estimates of $646.70 million. During the same period in the previous year, the company earned ($0.89) earnings per share. The business’s revenue for the quarter was down 27.8% on a year-over-year basis. Analysts predict that Green Plains Inc. will post -0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GPRE has been the subject of several analyst reports. UBS Group reduced their target price on Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a report on Monday, August 19th. Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 7th. Truist Financial reduced their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. BMO Capital Markets reduced their price objective on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Finally, Craig Hallum reduced 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Green Plains presently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

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.