Green Plains Inc (GPRE) : Tourbillon Capital Partners scooped up 369,300 additional shares in Green Plains Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 3,602,879 shares of Green Plains Inc which is valued at $84,667,657.Green Plains Inc makes up approximately 2.75% of Tourbillon Capital Partners’s portfolio.
Other Hedge Funds, Including , Envestnet Asset Management Inc reduced its stake in GPRE by selling 221 shares or 5.72% in the most recent quarter. The Hedge Fund company now holds 3,642 shares of GPRE which is valued at $85,587.Blackrock Advisors boosted its stake in GPRE in the latest quarter, The investment management firm added 1,305 additional shares and now holds a total of 18,496 shares of Green Plains Inc which is valued at $458,701.Tiaa Cref Investment Management boosted its stake in GPRE in the latest quarter, The investment management firm added 61,885 additional shares and now holds a total of 196,516 shares of Green Plains Inc which is valued at $4,873,597.Great West Life Assurance Co Can boosted its stake in GPRE in the latest quarter, The investment management firm added 1,542 additional shares and now holds a total of 47,185 shares of Green Plains Inc which is valued at $1,212,655.
Green Plains Inc opened for trading at $24.65 and hit $25.05 on the upside on Monday, eventually ending the session at $24.75, with a gain of 1.64% or 0.4 points. The heightened volatility saw the trading volume jump to 6,96,920 shares. Company has a market cap of $950 M.
On the company’s financial health, Green Plains Inc reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Oct 31, 2016. Analyst had a consensus of $0.24. The company had revenue of $841.90 million for the quarter, compared to analysts expectations of $863.46 million. The company’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
Investors should note that on Nov 16, 2016, Green Plains Inc announced a cash dividend of $0.1200. The company’s management has announced Nov 22, 2016 as the ex-dividend date and fixed the record date on Nov 25, 2016. The payable date has been fixed on Dec 16, 2016.
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.