Paloma Partners Management Co Invests $840,000 in Green Plains Inc. (NASDAQ:GPRE)

Paloma Partners Management Co bought a new stake in Green Plains Inc. (NASDAQ:GPRE) in the 3rd quarter, Holdings Channel.com reports. The fund bought 62,005 shares of the specialty chemicals company’s stock, valued at approximately $840,000.

Other large investors have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in shares of Green Plains during the 2nd quarter valued at about $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Green Plains during the second quarter worth approximately $41,000. Quest Partners LLC purchased a new position in Green Plains during the third quarter worth approximately $52,000. nVerses Capital LLC acquired a new position in shares of Green Plains in the 3rd quarter valued at $65,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of Green Plains during the 3rd quarter worth $153,000.

Green Plains Stock Performance

Shares of GPRE stock opened at $11.36 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16. The company’s fifty day moving average price is $11.94 and its two-hundred day moving average price is $14.21. The firm has a market capitalization of $734.44 million, a P/E ratio of -29.89 and a beta of 1.53. Green Plains Inc. has a 12 month low of $10.36 and a 12 month high of $28.50.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GPRE shares. UBS Group reduced their target price on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a report on Monday, August 19th. Truist Financial decreased their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. BMO Capital Markets cut their price target 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. StockNews.com upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Craig Hallum cut their target price 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Green Plains presently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Green Plains Profile

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.