HBK Sorce Advisory LLC lifted its holdings in Green Plains Partners LP (NASDAQ:GPP – Get Rating) by 100.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,000 shares of the transportation company’s stock after acquiring an additional 15,000 shares during the period. HBK Sorce Advisory LLC owned approximately 0.13% of Green Plains Partners worth $32,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. LPL Financial LLC boosted its stake in shares of Green Plains Partners by 5.9% in the fourth quarter. LPL Financial LLC now owns 171,696 shares of the transportation company’s stock valued at $2,225,000 after purchasing an additional 9,544 shares during the period. WealthPlan Investment Management LLC purchased a new position in shares of Green Plains Partners in the third quarter valued at $224,000. Blackstone Inc. boosted its stake in shares of Green Plains Partners by 26.6% in the third quarter. Blackstone Inc. now owns 63,087 shares of the transportation company’s stock valued at $770,000 after purchasing an additional 13,250 shares during the period. UBS Group AG boosted its stake in shares of Green Plains Partners by 12.8% in the third quarter. UBS Group AG now owns 16,120 shares of the transportation company’s stock valued at $197,000 after purchasing an additional 1,834 shares during the period. Finally, Apollon Wealth Management LLC purchased a new position in shares of Green Plains Partners in the third quarter valued at $304,000. Institutional investors and hedge funds own 16.50% of the company’s stock.
Green Plains Partners Stock Up 0.6 %
GPP stock opened at $12.54 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 78.08. Green Plains Partners LP has a fifty-two week low of $11.05 and a fifty-two week high of $14.40. The firm’s 50-day simple moving average is $12.75 and its 200 day simple moving average is $12.74. The stock has a market cap of $291.52 million, a PE ratio of 7.38 and a beta of 0.77.
Green Plains Partners Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Friday, May 5th were paid a $0.455 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $1.82 annualized dividend and a dividend yield of 14.51%. Green Plains Partners’s dividend payout ratio is currently 107.06%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on GPP. Stifel Nicolaus reduced their price objective on shares of Green Plains Partners from $15.00 to $14.50 in a research note on Thursday. TheStreet downgraded shares of Green Plains Partners from a “b” rating to a “c+” rating in a research note on Thursday, May 4th. Finally, StockNews.com began coverage on shares of Green Plains Partners in a research note on Tuesday. They set a “buy” rating on the stock.
Insider Transactions at Green Plains Partners
In other Green Plains Partners news, Director Jerry L. Peters sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $13.03, for a total value of $65,150.00. Following the completion of the transaction, the director now directly owns 46,752 shares in the company, valued at $609,178.56. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Green Plains Partners Profile
Green Plains Partners LP engages in the provision of ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The company was founded on March 2, 2015 and is headquartered in Omaha, NE.
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