Virtu Financial LLC Makes New Investment in Green Plains Inc. (NASDAQ:GPRE)

Posted by Defense World Staff on Jul 24th, 2023

Virtu Financial LLC acquired a new position in shares of Green Plains Inc. (NASDAQ:GPRE – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,638 shares of the specialty chemicals company’s stock, valued at approximately $361,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in shares of Green Plains by 13.4% in the 4th quarter. Arizona State Retirement System now owns 16,585 shares of the specialty chemicals company’s stock valued at $506,000 after purchasing an additional 1,959 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Green Plains by 12.8% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,496 shares of the specialty chemicals company’s stock worth $107,000 after acquiring an additional 397 shares during the last quarter. Inspire Investing LLC boosted its stake in Green Plains by 30.6% during the 1st quarter. Inspire Investing LLC now owns 10,112 shares of the specialty chemicals company’s stock worth $313,000 after acquiring an additional 2,371 shares during the last quarter. B. Riley Asset Management LLC boosted its stake in Green Plains by 28.1% during the 4th quarter. B. Riley Asset Management LLC now owns 111,243 shares of the specialty chemicals company’s stock worth $3,393,000 after acquiring an additional 24,422 shares during the last quarter. Finally, Summit Financial LLC boosted its stake in Green Plains by 3.3% during the 4th quarter. Summit Financial LLC now owns 27,309 shares of the specialty chemicals company’s stock worth $833,000 after acquiring an additional 864 shares during the last quarter.

Analyst Upgrades and Downgrades

GPRE has been the topic of several research analyst reports. BMO Capital Markets initiated coverage on shares of Green Plains in a report on Thursday, April 13th. They set a “market perform” rating and a $33.00 target price on the stock. StockNews.com upgraded shares of Green Plains to a “sell” rating in a report on Tuesday, May 23rd. Finally, Bank of America assumed coverage on shares of Green Plains in a report on Friday, May 12th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $41.17.

Insiders Place Their Bets

In other news, Director James D. Anderson acquired 2,000 shares of Green Plains stock in a transaction on Monday, May 8th. The shares were purchased at an average cost of $31.10 per share, for a total transaction of $62,200.00. Following the completion of the purchase, the director now directly owns 111,909 shares of the company’s stock, valued at approximately $3,480,369.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Michelle Mapes sold 5,000 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $31.10, for a total value of $155,500.00. Following the completion of the transaction, the insider now owns 33,153 shares of the company’s stock, valued at $1,031,058.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James D. Anderson bought 2,000 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was bought at an average cost of $31.10 per share, with a total value of $62,200.00. Following the acquisition, the director now directly owns 111,909 shares of the company’s stock, valued at approximately $3,480,369.90. The disclosure for this purchase can be found here. Insiders have sold 125,641 shares of company stock worth $3,837,810 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Green Plains Price Performance

GPRE stock opened at $34.12 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.15 and a current ratio of 1.73. The company’s 50-day simple moving average is $31.83 and its 200 day simple moving average is $32.31. Green Plains Inc. has a 52 week low of $26.33 and a 52 week high of $41.25.

Green Plains (NASDAQ:GPRE – Get Free Report) last released its quarterly earnings results on Thursday, May 4th. The specialty chemicals company reported ($1.20) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.83). Green Plains had a negative net margin of 3.66% and a negative return on equity of 14.94%. The business had revenue of $832.90 million during the quarter, compared to analyst estimates of $823.35 million. During the same quarter last year, the company posted ($1.16) earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts forecast that Green Plains Inc. will post -0.2 earnings per share for the current fiscal year.

Green Plains Profile

(Free Report)

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.