Green Plains Inc (GPRE) : Candlewood Investment Group Lp reduced its stake in Green Plains Inc by 25.12% during the most recent quarter end. The investment management company now holds a total of 747,935 shares of Green Plains Inc which is valued at $16,970,645 after selling 250,917 shares in Green Plains Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Green Plains Inc makes up approximately 20.10% of Candlewood Investment Group Lp’s portfolio.
Other Hedge Funds, Including , Bluecrest Capital Management Ltd sold out all of its stake in GPRE during the most recent quarter. The investment firm sold 15,010 shares of GPRE which is valued $340,577.Riverhead Capital Management reduced its stake in GPRE by selling 7,178 shares or 78.76% in the most recent quarter. The Hedge Fund company now holds 1,936 shares of GPRE which is valued at $43,928. Tower Research Capital (trc) sold out all of its stake in GPRE during the most recent quarter. The investment firm sold 423 shares of GPRE which is valued $9,598.Lsv Asset Management reduced its stake in GPRE by selling 394,700 shares or 97.5% in the most recent quarter. The Hedge Fund company now holds 10,100 shares of GPRE which is valued at $227,452.Swiss National Bank boosted its stake in GPRE in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 65,600 shares of Green Plains Inc which is valued at $1,394,656.
Green Plains Inc opened for trading at $24.24 and hit $24.45 on the upside on Thursday, eventually ending the session at $24.42, with a gain of 0.58% or 0.14 points. The heightened volatility saw the trading volume jump to 5,41,292 shares. Company has a market cap of $934 M.
On the company’s financial health, Green Plains Inc reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.02. The company had revenue of $887.70 million for the quarter, compared to analysts expectations of $851.09 million. The company’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.
Green Plains Inc. is a producer marketer and distributor of ethanol. The Company operates in four segments: Ethanol Production segment which is engaged in the production of ethanol and related distillers grain; Corn Oil Production segment which is engaged in corn oil extraction systems; Agribusiness segment which is engaged in grain handling and storage and cattle feedlot operations and Marketing and Distribution segment which is engaged in marketing and providing logistical services for ethanol and other commodities for a third-party ethanol producer. It owns an ethanol production facility which includes approximately 100 million gallons per year of production capacity a corn oil extraction system and other related assets. It processes approximately 12 million tons of corn annually producing over 1.2 billion gallons of ethanol approximately 3.4 million tons of livestock feed and approximately 275 million pounds of industrial grade corn oil at full capacity.