Morgan Stanley is Buying Green Plains Inc. (NASDAQ:GPRE) Shares


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Green Plains Inc. (NASDAQ:GPRE) reported that Morgan Stanley has picked up 517,787 of common stock as of 2017-06-07.

The acquisition brings the aggregate amount owned by Morgan Stanley to a total of 517,787 representing 1.2% stake in the company.

For those not familiar with the company, Green Plains Inc. is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership. The ethanol production segment includes production of ethanol, distillers grains and corn oil. The agribusiness and energy services segment includes grain procurement. The food and food ingredients segment includes a cattle feedlot operation. The Company’s master limited partnership, Green Plains Partners LP (the partnership), provides fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses.

A glance at Green Plains Inc. (NASDAQ:GPRE) key stats reveals a current market capitalization of 914.02 Million based on 40.01 Million shares outstanding and a price at last close of $22.65 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-09, Anderson picked up 4,000 at a purchase price of $22.06. This brings their total holding to 68,255 as of the date of the filing.

On the sell side, the most recent transaction saw Mapes unload 3,000 shares at a sale price of $23.31. This brings their total holding to 46,596.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Green Plains Inc. (NASDAQ:GPRE) as things move forward to see if its progress aligns with these transactions.

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