Financial Advocates Investment Management Takes $114,000 Position in Gevo, Inc. (NASDAQ:GEVO)

Financial Advocates Investment Management bought a new stake in shares of Gevo, Inc. (NASDAQ:GEVO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 70,020 shares of the energy company’s stock, valued at approximately $114,000.

Several other large investors have also modified their holdings of GEVO. Bayesian Capital Management LP purchased a new position in shares of Gevo during the first quarter valued at $27,000. Alternative Investment Advisors LLC. acquired a new stake in shares of Gevo in the second quarter valued at about $51,000. Point72 DIFC Ltd acquired a new stake in Gevo in the 2nd quarter valued at approximately $64,000. Paloma Partners Management Co bought a new position in Gevo during the first quarter worth $74,000. Finally, XTX Topco Ltd raised its position in shares of Gevo by 61.8% during the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after buying an additional 51,057 shares during the last quarter. 35.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on GEVO shares. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 target price on shares of Gevo in a research report on Friday, October 18th. UBS Group upped their target price on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd.

Insider Transactions at Gevo

In related news, COO Christopher Michael Ryan sold 84,014 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $63,850.64. Following the completion of the sale, the chief operating officer now owns 1,573,934 shares of the company’s stock, valued at $1,196,189.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, COO Christopher Michael Ryan sold 84,014 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 $63,850.64. Following the completion of the sale, the chief operating officer now directly owns 1,573,934 shares in the company, valued at $1,196,189.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Bloom sold 16,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $3.06, for a total transaction of $48,960.00. Following the transaction, the insider now owns 947,882 shares in the company, valued at approximately $2,900,518.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 350,563 shares of company stock worth $303,228. Corporate insiders own 4.00% of the company’s stock.

Gevo Stock Up 5.8 %

NASDAQ GEVO opened at $2.37 on Tuesday. The stock’s 50 day simple moving average is $1.69 and its 200 day simple moving average is $1.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09. Gevo, Inc. has a one year low of $0.48 and a one year high of $3.39. The firm has a market cap of $567.54 million, a PE ratio of -7.50 and a beta of 2.94.

Gevo (NASDAQ:GEVO) last released its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.09). The business had revenue of $5.26 million during the quarter, compared to analysts’ expectations of $3.93 million. Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. During the same period in the previous year, the business posted ($0.06) earnings per share. As a group, sell-side analysts forecast that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.

Gevo Company 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.