Gevo, Inc. (NASDAQ:GEVO) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd increased its position in Gevo, Inc. (NASDAQ:GEVO) by 61.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 133,674 shares of the energy company’s stock after buying an additional 51,057 shares during the quarter. XTX Topco Ltd owned about 0.06% of Gevo worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEVO. Vanguard Group Inc. increased its stake in Gevo by 3.1% during the first 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 last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Gevo during the 1st quarter worth approximately $89,000. Bayesian Capital Management LP purchased a new position in Gevo in the first quarter valued at approximately $27,000. Price T Rowe Associates Inc. MD lifted its position in Gevo by 128.8% during the first 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. Finally, BNP Paribas Financial Markets grew its stake in Gevo by 79.5% during the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock worth $110,000 after buying an additional 63,179 shares during the period. Institutional investors and hedge funds own 35.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Gevo

In other Gevo news, CEO Patrick R. Gruber sold 127,276 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 3,922,404 shares in the company, valued at approximately $2,000,426.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Christopher Michael Ryan sold 84,014 shares of the 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 $63,850.64. Following the completion of the transaction, the chief operating officer now directly owns 1,573,934 shares in the company, valued at approximately $1,196,189.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Patrick R. Gruber sold 127,276 shares of Gevo stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total transaction of $64,910.76. Following the completion of the sale, the chief executive officer now owns 3,922,404 shares of the company’s stock, valued at approximately $2,000,426.04. The disclosure for this sale can be found here. In the last three months, insiders sold 759,600 shares of company stock valued at $486,431. Corporate insiders own 4.00% of the company’s stock.

Gevo Price Performance

GEVO stock opened at $1.51 on Wednesday. The firm has a market cap of $356.71 million, a P/E ratio of -5.21 and a beta of 2.94. 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, Inc. has a 1 year low of $0.48 and a 1 year high of $1.84. The stock has a 50-day simple moving average of $0.87 and a 200-day simple moving average of $0.73.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The company had revenue of $5.26 million during the quarter, compared to the consensus estimate of $3.93 million. Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. During the same quarter last year, the company earned ($0.06) earnings per share. On average, equities analysts predict that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.

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.