LPL Financial LLC Increases Position in Green Plains Partners LP (NASDAQ:GPP)

LPL Financial LLC increased its stake in shares of Green Plains Partners LP (NASDAQ:GPP – Get Rating) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,696 shares of the transportation company’s stock after buying an additional 9,544 shares during the quarter. LPL Financial LLC owned about 0.74% of Green Plains Partners worth $2,225,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. EVR Research LP grew its holdings in shares of Green Plains Partners by 1.0% during the first quarter. EVR Research LP now owns 639,800 shares of the transportation company’s stock valued at $9,060,000 after buying an additional 6,500 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Green Plains Partners by 12.4% during the first quarter. JPMorgan Chase & Co. now owns 274,674 shares of the transportation company’s stock valued at $3,889,000 after purchasing an additional 30,280 shares during the period. Goldman Sachs Group Inc. lifted its position in Green Plains Partners by 19.9% during the first quarter. Goldman Sachs Group Inc. now owns 208,739 shares of the transportation company’s stock valued at $2,956,000 after purchasing an additional 34,656 shares during the period. Blackstone Inc. lifted its position in Green Plains Partners by 26.6% during the third quarter. Blackstone Inc. now owns 63,087 shares of the transportation company’s stock valued at $770,000 after purchasing an additional 13,250 shares during the period. Finally, Bank of America Corp DE lifted its position in Green Plains Partners by 49.8% during the first quarter. Bank of America Corp DE now owns 38,006 shares of the transportation company’s stock valued at $538,000 after purchasing an additional 12,639 shares during the period. 16.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Green Plains Partners

In related news, Director Jerry L. Peters sold 5,000 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $13.03, for a total transaction of $65,150.00. Following the completion of the sale, the director now owns 46,752 shares of the company’s stock, valued at approximately $609,178.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GPP. TheStreet downgraded shares of Green Plains Partners from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Stifel Nicolaus decreased their price objective on shares of Green Plains Partners from $15.00 to $14.50 in a research report on Thursday. Finally, StockNews.com assumed coverage on shares of Green Plains Partners in a research report on Tuesday, May 16th. They issued a “buy” rating for the company.

Green Plains Partners Stock Up 0.6 %

GPP stock opened at $12.54 on Monday. The stock has a market capitalization of $291.56 million, a P/E ratio of 7.38 and a beta of 0.77. The firm has a 50-day simple moving average of $12.75 and a 200-day simple moving average of $12.74. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 78.08. Green Plains Partners LP has a 52 week low of $11.05 and a 52 week high of $14.40.

Green Plains Partners (NASDAQ:GPP – Get Rating) last released its earnings results on Thursday, May 4th. The transportation company reported $0.42 EPS for the quarter. The business had revenue of $20.78 million during the quarter. Green Plains Partners had a net margin of 49.38% and a return on equity of 3,308.95%.

Green Plains Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 12th. Investors of record on Friday, May 5th were paid a dividend of $0.455 per share. The ex-dividend date was Thursday, May 4th. This represents a $1.82 annualized dividend and a yield of 14.51%. Green Plains Partners’s dividend payout ratio is presently 107.06%.

Green Plains Partners Company Profile

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Green Plains Partners LP engages in the provision of ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The company was founded on March 2, 2015 and is headquartered in Omaha, NE.