Research analysts at StockNews.com started coverage on shares of Green Plains Partners (NASDAQ:GPP – Get Free Report) in a note issued to investors on Wednesday. The brokerage set a “buy” rating on the transportation company’s stock.
GPP has been the subject of a number of other research reports. TheStreet downgraded shares of Green Plains Partners from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Stifel Nicolaus dropped their price target on shares of Green Plains Partners from $15.00 to $14.50 in a research note on Thursday, May 18th.
Green Plains Partners Trading Up 1.2 %
NASDAQ:GPP opened at $13.86 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 78.08. Green Plains Partners has a 12 month low of $11.72 and a 12 month high of $14.40. The company has a market cap of $322.20 million, a PE ratio of 8.15 and a beta of 0.78. The company has a 50 day simple moving average of $12.83 and a two-hundred day simple moving average of $12.91.
Institutional Trading of Green Plains Partners
A number of large investors have recently made changes to their positions in GPP. JPMorgan Chase & Co. increased its holdings in shares of Green Plains Partners by 12.4% in the 1st quarter. JPMorgan Chase & Co. now owns 274,674 shares of the transportation company’s stock worth $3,889,000 after buying an additional 30,280 shares during the last quarter. EVR Research LP increased its holdings in shares of Green Plains Partners by 1.0% in the 1st quarter. EVR Research LP now owns 639,800 shares of the transportation company’s stock worth $9,060,000 after buying an additional 6,500 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Green Plains Partners by 19.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 208,739 shares of the transportation company’s stock worth $2,956,000 after buying an additional 34,656 shares during the last quarter. Royal Bank of Canada grew its holdings in Green Plains Partners by 28.6% during the 1st quarter. Royal Bank of Canada now owns 4,500 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 1,000 shares during the last quarter. Finally, BNP Paribas Arbitrage SA bought a new position in Green Plains Partners during the 1st quarter valued at about $157,000. 16.50% of the stock is currently owned by institutional investors.
About Green Plains Partners
Green Plains Partners LP provides fuel storage and transportation services in the United States. The company acquires, owns, develops, and operates ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. It also owns and operates a fleet of 19 trucks and tankers for transportation of ethanol and other products.
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