StockNews.com Initiates Coverage on Green Plains Partners (NASDAQ:GPP)

Equities researchers at StockNews.com initiated coverage on shares of Green Plains Partners (NASDAQ:GPP – Get Rating) in a research note issued on Wednesday. The brokerage set a “buy” rating on the transportation company’s stock.

GPP has been the subject of several other reports. TheStreet downgraded Green Plains Partners from a “b” rating to a “c+” rating in a research note on Thursday, May 4th. Stifel Nicolaus dropped their price objective on Green Plains Partners from $15.00 to $14.50 in a report on Thursday, May 18th.

Green Plains Partners Stock Down 0.0 %

NASDAQ:GPP opened at $12.94 on Wednesday. The firm has a market capitalization of $300.86 million, a price-to-earnings ratio of 7.61 and a beta of 0.77. Green Plains Partners has a twelve month low of $11.05 and a twelve month high of $14.40. The stock’s 50 day moving average price is $12.77 and its two-hundred day moving average price is $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 (NASDAQ:GPP – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The transportation company reported $0.42 earnings per share for the quarter. Green Plains Partners had a return on equity of 3,308.95% and a net margin of 49.38%. The firm had revenue of $20.78 million for the quarter.

Insiders Place Their Bets

In other Green Plains Partners news, Director Jerry L. Peters sold 5,000 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $13.03, for a total value of $65,150.00. Following the completion of the transaction, the director now owns 46,752 shares of the company’s stock, valued at approximately $609,178.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On Green Plains Partners

A number of institutional investors have recently made changes to their positions in GPP. JPMorgan Chase & Co. boosted its holdings in Green Plains Partners by 12.4% in the first quarter. JPMorgan Chase & Co. now owns 274,674 shares of the transportation company’s stock worth $3,889,000 after acquiring an additional 30,280 shares in the last quarter. EVR Research LP raised its stake in shares of Green Plains Partners by 1.0% in the first quarter. EVR Research LP now owns 639,800 shares of the transportation company’s stock worth $9,060,000 after purchasing an additional 6,500 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Green Plains Partners by 19.9% in the first quarter. Goldman Sachs Group Inc. now owns 208,739 shares of the transportation company’s stock worth $2,956,000 after purchasing an additional 34,656 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Green Plains Partners by 28.6% in the first quarter. Royal Bank of Canada now owns 4,500 shares of the transportation company’s stock worth $64,000 after purchasing an additional 1,000 shares during the last quarter. Finally, BNP Paribas Arbitrage SA purchased a new stake in shares of Green Plains Partners in the first quarter worth approximately $157,000. Institutional investors own 16.50% of the company’s stock.

About Green Plains Partners

(Get Rating)

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.