Top 5 Stock Picks of Frederick DiSanto’s Ancora Advisors

3. Green Plains Inc. (NASDAQ:GPRE)

Ancora Advisors’ Stake Value: $109,602,000

Percentage of Ancora Advisors’ 13F Portfolio: 3.10%

Number of Hedge Fund Holders: 22

Omaha, Nebraska-based Green Plains Inc. (NASDAQ:GPRE) is a leading biorefining company focused on the development and utilization of fermentation, agricultural and biological technologies to process crops into sustainable value-added ingredients. It produces biofuels, renewable feedstocks for advanced biofuels and alcohols for use in cleaners and disinfectants.

As of Q2 2022, Frederick DiSanto’s Ancora Advisors holds 4,033,949 shares of Green Plains Inc. (NASDAQ:GPRE), accounting for 3.10% of the hedge fund’s 13F portfolio. The hedge fund increased its stake by 1% in Q2 2022, as compared to the previous quarter.

In August, Green Plains Inc. (NASDAQ:GPRE) released the financial results for the quarter ended June 30, 2022. Its total revenues increased by 40% y-o-y to $1.0 billion, while its net income surged by 227% y-o-y to $53 million, for the three months. It reported a normalized EPS of $0.30 for the quarter, beating the consensus by $0.16.

As of Q2 2022, 22 of the 895 hedge funds tracked by Insider Monkey held Green Plains Inc. (NASDAQ:GPRE) shares, valued at a combined total of $172 million. Ken Griffin’s Citadel Investment Group was its largest hedge fund shareholder after Ancora Advisors.