Cadian Master Fund: Green Plains Renewable Energy Inc. (NASDAQ:GPRE)
has recently been added to the equity portfolio of Cadian Master Fund, which disclosed a passive stake of around 5.1%. According to a filing
with the SEC, the fund owns more than 1.5 million shares of Green Plains, with the value of the position amounting to $24.2 million.
Ethanol producer and distributor Green Plains Renewable Energy, this year, approved the installment of a quarterly cash dividend which amounts to $0.04 per common share. The company also reported a net profit of $6 million ($0.19 per share) for the second quarter of the year, versus a net loss of $7.6 million reported for the second quarter of last year, Green Plains said in a statement.
Cadian Master Fund is a partner of Eric Bannasch's Cadian Capital
, which at the end of last quarter held 2.1 million shares of the company. Another hedge fund, whose stake is worth mentioning is Aqr Capital Management
, managed by Cliff Asness, who is also long.
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