No Street GP LP recently announced the acquisition of new stake in Green Plains Partners LP (NASDAQ:GPP). The institutional investor has increased its shareholding in the Energy company by 0.50% to 2.0 million shares with purchase of 10000.0 shares. This fresh investment now brings its stake to 8.60% valued currently at $25.92 million. In addition, JPMorgan Securities LLC raised its holdings by 1970.0 to 0.27 million shares. And LPL Financial LLC has lifted its position by 1.31% or 2102.0 shares – to 0.16 million shares.
With over 0.11 million Green Plains Partners LP (GPP) shares trading Monday and a closing price of $13.60 on the day, the dollar volume was approximately $1.56 million. The shares have shown a positive half year performance of 6.00% and its price on 01/23/23 gained nearly 2.26%. Currently, there are 23.23M common shares owned by the public and among those 11.43M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for GPP have a consensus price objective of $15.00. The analysts have set the share’s price value over the next 12 months at a high of $15.00 and a low of $15.00. The average price target is 9.33% above its recent price level and an upside to the estimated low will see the stock gain 9.33% over that period. But an upside of 9.33% will see the stock hit the forecast high price target while median target price for the stock is $15.00.
Insiders at the company have transacted a total of 15 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 8 of these insider trades were purchases, accounting for 33,949 shares. Insider sales of the common stock occurred on 7 occasions, with total insider shares sold totaling 23,831 shares.
The top 3 mutual fund holders in Green Plains Partners LP are ClearBridge Energy MLP Opportunit, Fidelity Nasdaq Composite Index F, and USAA Extended Market Index Fund. ClearBridge Energy MLP Opportunit owns 0.2 million shares of the company’s stock, all valued at over $2.59 million. USAA Extended Market Index Fund bought 2534.0 shares to bring its total holdings to over 2534.0 shares at a value of $32841.0. USAA Extended Market Index Fund now owns shares totaling to 0.01% of the shares outstanding.
Shares of Green Plains Partners LP (NASDAQ: GPP) opened at $13.40, up $0.1 from a prior closing price of $13.30. However, the script later moved the day high at 13.60, up 2.26%. The company’s stock has a 5-day price change of 2.10% and 7.51% over the past three months. GPP shares are trading 4.94% year to date (YTD), with the 12-month market performance down to -7.48% lower. It has a 12-month low price of $11.05 and touched a high of $15.32 over the same period. GPP has an average intraday trading volume of 62.85K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.73%, 8.74%, and 5.70% respectively.
Institutional ownership of Green Plains Partners LP (NASDAQ: GPP) shares accounts for 16.90% of the company’s 23.23M shares outstanding. Mutual fund holders own 12.98%, while other institutional holders and individual stakeholders account for 30.17% and 0.96% respectively.
It has a market capitalization of $315.25M and a beta (3y monthly) value of 0.74. The stock’s trailing 12-month PE ratio is 7.71, while the earnings-per-share (ttm) stands at $1.76. The company has a PEG of 0.51 and a Quick Ratio of 1.50 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.55% over the week and 2.17% over the month.
Analysts forecast that Green Plains Partners LP (GPP) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2022. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.44 a year ago. EPS should grow at an annualized rate of 15.00% over the next five years, compared to -0.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Green Plains Partners LP (GPP) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the GPP, a number of firms have released research notes about the stock. Stifel stated their Hold rating for the stock in a research note on February 16, 2022, with the firm’s price target at $16-$15. Stifel coverage for the Green Plains Partners LP (GPP) stock in a research note released on August 03, 2021 offered a Buy rating with a price target of $16. Stifel on their part issued Buy rating on February 09, 2018.
