A Director at Green Plains Inc (NASDAQ: GPRE) is Buying Shares

By Carrie Williams

Today, a Director at Green Plains Inc (NASDAQ: GPRE), James D. Anderson, bought shares of GPRE for $24K.

Following James D. Anderson’s last GPRE Buy transaction on May 17, 2016, the stock climbed by 9.5%. Following this transaction James D. Anderson’s holding in the company was increased by 1.58% to a total of $1.34 million.

Based on Green Plains Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $818 million and quarterly net profit of $7.93 million. In comparison, last year the company earned revenue of $748 million and had a net profit of $6.18 million. The company has a one year high of $28.37 and a one year low of $12.39. Currently, Green Plains Inc has an average volume of 498.7K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $32.50, reflecting a -25.1% downside. Nine different firms, including Credit Suisse and Feltl, currently also have a Buy rating on the stock. Starting in October 2016, GPRE received 5 Buy ratings in a row.

In the last 30 days, insiders have sold $501.7K worth of GPRE shares and purchased $24K worth of GPRE shares. The insider sentiment on Green Plains Inc has been negative according to 44 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Green Plains, Inc. produces fuel-grade ethanol and corn oil, provides grain handling and storage, commodity marketing and distribution services. The company operates through four segments: Ethanol Production, Partnership, Agribusiness and Marketing & Distribution. The Ethanol Production segment operates ethanol plants in Indiana, Iowa, Michigan, Minnesota, Nebraska and Tennessee. The Partnership segment provides fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The Agribusiness segment provides synergies with Ethanol production segment as it supplies a portion of the feedstock and utilizes a portion of the distillers grains output of its ethanol plants. This segment operates through bulk grain business and cattle feedlot operations. The Marketing & Distribution segment sells markets and distributes ethanol, distillers grains and corn oil produced at its ethanol plants. This segment also markets and distributes ethanol for third-party ethanol producers. The company was founded in June 2004 and is headquartered in Omaha, NE.