StockNews.com assumed coverage on shares of Green Plains Partners (NASDAQ:GPP – Free Report) in a research report sent to investors on Monday. The firm issued a buy rating on the transportation company’s stock.
Green Plains Partners Stock Performance
Shares of NASDAQ GPP opened at $12.31 on Monday. Green Plains Partners has a 12 month low of $11.72 and a 12 month high of $16.25. The stock has a 50 day moving average of $12.47 and a 200-day moving average of $13.26. The company has a market capitalization of $286.33 million, a P/E ratio of 7.60 and a beta of 0.75.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of Green Plains Partners by 28.6% during the 1st quarter. Royal Bank of Canada now owns 4,500 shares of the transportation company’s stock worth $64,000 after acquiring an additional 1,000 shares during the period. International Assets Investment Management LLC bought a new stake in Green Plains Partners in the 4th quarter valued at $99,000. BNP Paribas Arbitrage SNC boosted its stake in Green Plains Partners by 81.0% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 9,530 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 4,265 shares during the period. Creative Planning bought a new stake in Green Plains Partners in the 2nd quarter valued at $130,000. Finally, BNP Paribas Arbitrage SA acquired a new stake in shares of Green Plains Partners during the first quarter worth $157,000. 16.50% of the stock is currently owned by institutional investors.
Green Plains Partners Company Profile
Green Plains Partners LP provides fuel storage and transportation services in the United States. The company acquires, owns, develops, and operates ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. It also owns and operates a fleet of 19 trucks and tankers for transportation of ethanol and other products.
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