Investors Purchase High Volume of Call Options on Gevo (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO) saw unusually large options trading activity on Monday. Investors purchased 5,806 call options on the company. This represents an increase of approximately 1,073% compared to the average daily volume of 495 call options.

Insiders Place Their Bets

In other news, CEO Patrick R. Gruber sold 127,276 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total value of $64,910.76. Following the completion of the transaction, the chief executive officer now owns 3,922,404 shares of the company’s stock, valued at $2,000,426.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Patrick R. Gruber sold 127,276 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total value of $64,910.76. Following the completion of the transaction, the chief executive officer now owns 3,922,404 shares of the company’s stock, valued at $2,000,426.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO L Lynn Smull sold 69,738 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $53,000.88. Following the transaction, the chief financial officer now directly owns 1,169,602 shares of the company’s stock, valued at approximately $888,897.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 759,600 shares of company stock worth $486,431. Insiders own 4.00% of the company’s stock.

Institutional Trading of Gevo

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Gevo by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock worth $10,612,000 after acquiring an additional 409,693 shares during the period. Millennium Management LLC acquired a new stake in shares of Gevo in the 2nd quarter worth about $2,888,000. Thomist Capital Management LP acquired a new stake in shares of Gevo in the 1st quarter worth about $1,833,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Gevo in the 2nd quarter valued at about $295,000. Finally, Price T Rowe Associates Inc. MD grew its position in Gevo by 128.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company’s stock valued at $263,000 after buying an additional 192,457 shares in the last quarter. Institutional investors and hedge funds own 35.17% of the company’s stock.

Gevo Stock Up 17.9 %

Shares of NASDAQ:GEVO opened at $1.38 on Tuesday. The stock has a market capitalization of $326.00 million, a price-to-earnings ratio of -4.76 and a beta of 2.94. Gevo has a 1-year low of $0.48 and a 1-year high of $1.43. The company’s fifty day moving average is $0.68 and its two-hundred day moving average is $0.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22.

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

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and issued a $14.00 target price on shares of Gevo in a research note on Friday.

About Gevo

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.