Keep Your Eyes on This Stock: Green Plains Inc. (NASDAQ:GPRE)

Green Plains Inc. (NASDAQ:GPRE) stock identified change of 2.47% away from 52-week low price and recently located move of -46.63% off 52-week high price. It has market worth of $468.55M and dividend yield of 4.29%. GPRE stock has been recorded -25.65% away from 50 day moving average and -28.95% away from 200 day moving average. Moving closer, we can see that shares have been trading -12.24% off 20-day moving average.

Green Plains Inc. (NASDAQ:GPRE) reported the completion of its offering of $105 million aggregate principal amount of 4.00% convertible senior notes due 2024. The notes were offered and sold in a private placement to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended, by the initial purchasers of the notes. The company’s estimated net proceeds from the offering were approximately $101 million after deducting the initial purchasers’ discounts and commissions and our estimated offering expenses. The company has also granted the initial purchasers of the notes a 30-day option to purchase up to an additional $20 million aggregate principal amount of notes.

The company used approximately $40 million of the net proceeds to repurchase approximately 3.2 million shares of common stock concurrently with the offering in privately negotiated transactions. The company also used approximately $57.8 million of the net proceeds to repurchase the outstanding $56.8 million outstanding principal amount of its 3.25% convertible senior notes due October 1, 2019, including accrued and unpaid interest, in privately negotiated transactions concurrently with this offering.  The remaining proceeds will be used for general corporate purposes.

The notes will bear interest at a rate of 4.00% per year, payable on January 1 and July 1 of each year, beginning January 1, 2020, and mature on July 1, 2024. The notes will be general senior, unsecured obligations of the company. On and after July 1, 2022, and prior to the maturity date, the company may redeem, for cash, all, but not less than all, of the notes if the last reported sale price of the company’s common stock equals or exceeds 140% of the applicable conversion price on (i) at least 20 trading days during the 30 consecutive trading day period ending on the trading day immediately prior to the date the company delivers notice of the redemption; and (ii) the trading day immediately before the date of the redemption notice. The redemption price will equal 100% of the principal amount of the notes to be redeemed, plus any accrued and unpaid interest to, but excluding, the redemption date. In addition, upon the occurrence of a “fundamental change” (as defined in the indenture for the notes), holders of the notes will have the right, at their option, to require the company to repurchase their notes for cash at a price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date.

 The Basic Materials sector company, Green Plains Inc. noticed change of -4.69% to $11.18 along volume of 1206310 shares in recent session compared to an average volume of 619K. The stock observed return of -6.99% in 5 days trading activity. The stock was at -26.20% over one month performance. GPRE’s shares are at -34.58% for the quarter and driving a -46.25% return over the course of the past year and is now at -14.72% since this point in 2018. 

 The average volatility for the week at 4.53% and for month was at 4.01%. There are 41.91M shares outstanding and 39.46M shares are floated in market. Right now the stock beta is 1.28. 

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