Green Plains Inc. (NASDAQ:GPRE) Shares Sold by Clearline Capital LP

Clearline Capital LP cut its stake in shares of Green Plains Inc. (NASDAQ:GPRE) by 80.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,797 shares of the specialty chemicals company’s stock after selling 111,167 shares during the quarter. Clearline Capital LP’s holdings in Green Plains were worth $363,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Green Plains by 10.6% in the first quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after buying an additional 447,825 shares in the last quarter. Wolf Hill Capital Management LP raised its stake in Green Plains by 13.7% in the 2nd quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock valued at $31,633,000 after purchasing an additional 240,849 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in Green Plains by 3.6% in the 2nd quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock valued at $29,669,000 after purchasing an additional 65,637 shares in the last quarter. Kailix Advisors LLC boosted its stake in shares of Green Plains by 39.8% during the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock worth $22,406,000 after purchasing an additional 382,517 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Green Plains by 16.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock worth $15,581,000 after purchasing an additional 159,147 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GPRE. Oppenheimer lowered Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. BMO Capital Markets cut their price objective on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. UBS Group lowered their target price on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a report on Monday, August 19th. Craig Hallum cut their price target on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, Truist Financial decreased their price target on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Price Performance

GPRE stock opened at $10.80 on Monday. The firm has a market cap of $698.22 million, a P/E ratio of -28.42 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. Green Plains Inc. has a 1 year low of $10.36 and a 1 year high of $28.50. The stock has a 50-day simple moving average of $11.97 and a 200-day simple moving average of $14.27.

About Green Plains

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.