BlackRock Amends Green Plains Inc. Stake, Maintains Passive Investment
Ticker: GPRE · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1309402
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns Green Plains Inc. stock, showing continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of Green Plains Inc. common stock as of December 31, 2023. This filing, an amendment number 3, shows BlackRock's continued passive investment in Green Plains Inc. and is important for investors as it confirms a major institutional investor's ongoing stake, potentially signaling confidence in the company's long-term prospects.
Why It Matters
This filing confirms BlackRock, a major institutional investor, continues to hold a significant, passive stake in Green Plains Inc., which can be a positive signal for other investors.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate new risks or significant changes in strategy.
Analyst Insight
Investors should note BlackRock's continued passive stake in Green Plains Inc. as a sign of ongoing institutional interest, but this filing alone doesn't suggest any immediate buy or sell action.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Green Plains Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the date the SC 13G/A was filed
- 393222104 (number) — the CUSIP number for Green Plains Inc. Common Stock
Forward-Looking Statements
- BlackRock Inc. will maintain its passive investment in Green Plains Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3)' sections.
Who is the reporting person in this filing?
The reporting person, or the entity that filed this statement, is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is Green Plains Inc., as stated under the 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Green Plains Inc.' section and 'GREEN PLAINS INC (Name of Issuer)'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing under 'Date of Event Which Requires Filing of this Statement'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding Green Plains Inc. (GPRE).