Green Plains Partners (GPP) Upgraded to “Sell” by ValuEngine

ValuEngine upgraded shares of Green Plains Partners (NASDAQ:GPP) from a strong sell rating to a sell rating in a research note published on Tuesday morning.

Several other brokerages have also commented on GPP. BidaskClub upgraded shares of Green Plains Partners from a sell rating to a hold rating in a research note on Thursday, June 28th. TheStreet upgraded shares of Green Plains Partners from a d+ rating to a c+ rating in a research note on Monday, June 25th. Zacks Investment Research lowered shares of Green Plains Partners from a hold rating to a strong sell rating in a research note on Tuesday, July 10th. Stifel Nicolaus dropped their price target on shares of Green Plains Partners from $19.00 to $18.00 and set a buy rating on the stock in a research note on Thursday, August 2nd. Finally, Stephens set a $21.00 price target on shares of Green Plains Partners and gave the stock a buy rating in a research note on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $18.20.

Green Plains Partners stock opened at $15.40 on Tuesday. The company has a market capitalization of $474.25 million, a price-to-earnings ratio of 8.51, a P/E/G ratio of 0.56 and a beta of 0.57. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of -2.06. Green Plains Partners has a twelve month low of $14.40 and a twelve month high of $20.25.

Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings data on Wednesday, August 1st. The transportation company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). Green Plains Partners had a net margin of 54.40% and a negative return on equity of 89.66%. The company had revenue of $25.84 million during the quarter, compared to analyst estimates of $27.16 million. Equities research analysts forecast that Green Plains Partners will post 1.76 earnings per share for the current year.

The company also recently disclosed a dividend, which was paid on Monday, October 8th. Investors of record on Friday, August 3rd were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, August 2nd. Green Plains Partners’s dividend payout ratio is currently 104.97%.

In other news, Director Martin Salinas acquired 6,000 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The stock was acquired at an average cost of $16.37 per share, with a total value of $98,220.00. Following the acquisition, the director now owns 10,590 shares in the company, valued at $173,358.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Luzich Partners LLC bought a new stake in Green Plains Partners in the 2nd quarter valued at $2,130,000. Bank of America Corp DE boosted its holdings in Green Plains Partners by 673.7% in the 2nd quarter. Bank of America Corp DE now owns 63,904 shares of the transportation company’s stock valued at $1,096,000 after purchasing an additional 55,645 shares during the period. Western Standard LLC bought a new stake in Green Plains Partners in the 2nd quarter valued at $366,000. GSA Capital Partners LLP bought a new stake in Green Plains Partners in the 2nd quarter valued at $206,000. Finally, Cavalier Investments LLC boosted its holdings in Green Plains Partners by 41.1% in the 2nd quarter. Cavalier Investments LLC now owns 17,242 shares of the transportation company’s stock valued at $295,000 after purchasing an additional 5,024 shares during the period. 16.55% of the stock is owned by institutional investors and hedge funds.

Green Plains Partners Company Profile

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 39 ethanol storage facilities and approximately 61 acres of land.

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