Cubist Systematic Strategies LLC Acquires Shares of 201,264 Gevo, Inc. (NASDAQ:GEVO)

Cubist Systematic Strategies LLC bought a new position in Gevo, Inc. (NASDAQ:GEVO) during the 2nd quarter, HoldingsChannel reports. The fund bought 201,264 shares of the energy company’s stock, valued at approximately $112,000.

A number of other hedge funds have also made changes to their positions in the company. Bayesian Capital Management LP bought a new stake in Gevo during the first quarter worth about $27,000. FinTrust Capital Advisors LLC acquired a new stake in Gevo during the 1st quarter valued at $38,000. XTX Topco Ltd increased its holdings in Gevo by 61.8% during the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after purchasing an additional 51,057 shares in the last quarter. BNP Paribas Financial Markets raised its position in Gevo by 79.5% in the 1st quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock valued at $110,000 after purchasing an additional 63,179 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in Gevo in the first quarter worth $74,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Patrick R. Gruber sold 164,428 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $124,965.28. Following the sale, the chief executive officer now owns 3,757,976 shares of the company’s stock, valued at approximately $2,856,061.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Gevo news, CEO Patrick R. Gruber sold 164,428 shares of Gevo stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $124,965.28. Following the sale, the chief executive officer now owns 3,757,976 shares of the company’s stock, valued at $2,856,061.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Patrick R. Gruber sold 127,276 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total value of $64,910.76. Following the transaction, the chief executive officer now directly owns 3,922,404 shares of the company’s stock, valued at approximately $2,000,426.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 759,600 shares of company stock worth $486,431. Company insiders own 4.00% of the company’s stock.

Gevo Stock Up 4.0 %

NASDAQ:GEVO opened at $2.08 on Wednesday. The stock’s fifty day simple moving average is $1.15 and its 200-day simple moving average is $0.82. The firm has a market capitalization of $491.36 million, a P/E ratio of -7.17 and a beta of 2.98. The company has a quick ratio of 10.09, a current ratio of 10.22 and a debt-to-equity ratio of 0.13. Gevo, Inc. has a 12-month low of $0.48 and a 12-month high of $2.11.

Gevo (NASDAQ:GEVO) last posted its earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. The company had revenue of $5.26 million during the quarter, compared to analyst estimates of $3.93 million. During the same period in the previous year, the company earned ($0.06) EPS. Equities research analysts expect that Gevo, Inc. will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $14.00 price target on shares of Gevo in a report on Friday, September 13th.

Gevo Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.