Green Plains Partners LP (NASDAQ:GPP) announced a quarterly dividend on Friday, April 21st. Stockholders of record on Friday, May 5th will be paid a dividend of 0.44 per share by the transportation company on Monday, May 15th. This represents a $1.76 annualized dividend and a dividend yield of 8.82%. The ex-dividend date of this dividend is Wednesday, May 3rd. This is an increase from Green Plains Partners’s previous quarterly dividend of $0.43.
Shares of Green Plains Partners (NASDAQ:GPP) traded up 0.25% during mid-day trading on Friday, hitting $19.95. The stock had a trading volume of 91,395 shares. Green Plains Partners has a 12 month low of $13.40 and a 12 month high of $21.75. The stock’s 50-day moving average is $19.88 and its 200 day moving average is $19.54. The firm has a market cap of $634.41 million, a PE ratio of 11.39 and a beta of 1.00.
Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings data on Wednesday, February 8th. The transportation company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $28.30 million for the quarter, compared to analyst estimates of $29.08 million. Green Plains Partners had a net margin of 54.74% and a negative return on equity of 348.14%. Green Plains Partners’s quarterly revenue was up 24.7% on a year-over-year basis. Equities research analysts predict that Green Plains Partners will post $1.99 earnings per share for the current fiscal year.
GPP has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Green Plains Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, January 17th. Royal Bank of Canada restated a “buy” rating and issued a $22.00 price objective on shares of Green Plains Partners in a research note on Friday, March 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $21.50.
In other news, CEO Todd A. Becker purchased 5,000 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were acquired at an average cost of $19.96 per share, for a total transaction of $99,800.00. Following the completion of the purchase, the chief executive officer now directly owns 62,556 shares in the company, valued at approximately $1,248,617.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
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Green Plains Partners Company Profile
Green Plains Partners LP provides fuel storage and transportation services. The Company owns, operates, develops and acquires ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).
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