Gevo (NASDAQ:GEVO) Shares Up 0.3% – Here’s What Happened

Gevo, Inc. (NASDAQ:GEVO) shares shot up 0.3% during trading on Monday . The stock traded as high as $1.47 and last traded at $1.44. 595,776 shares traded hands during trading, a decline of 90% from the average session volume of 5,921,144 shares. The stock had previously closed at $1.43.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group raised their price objective on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. HC Wainwright reaffirmed a “buy” rating and set a $14.00 price objective on shares of Gevo in a research note on Wednesday, November 13th.

Gevo Stock Up 1.3 %

The business’s 50 day simple moving average is $1.88 and its 200 day simple moving average is $1.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The company has a market capitalization of $346.69 million, a PE ratio of -4.22 and a beta of 2.94.

Insider Buying and Selling

In other news, CEO Patrick R. Gruber sold 164,428 shares of the business’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 $124,965.28. Following the sale, the chief executive officer now directly owns 3,757,976 shares of the company’s stock, valued at approximately $2,856,061.76. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO L Lynn Smull sold 69,738 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 $53,000.88. Following the transaction, the chief financial officer now directly owns 1,169,602 shares of the company’s stock, valued at $888,897.52. The trade was a 5.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 377,474 shares of company stock worth $367,007. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC purchased a new position in Gevo in the 2nd quarter valued at approximately $2,888,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Gevo in the 2nd quarter valued at about $295,000. Vanguard Group Inc. boosted its stake 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 valued at $10,612,000 after buying an additional 409,693 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Gevo in the 2nd quarter valued at about $112,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Gevo during the first quarter worth about $89,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

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.