Gevo (NASDAQ:GEVO) Shares Down 4.1% – Here’s What Happened

Gevo, Inc. (NASDAQ:GEVO)’s stock price dropped 4.1% during trading on Thursday . The stock traded as low as $2.24 and last traded at $2.33. Approximately 7,042,123 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 16,332,476 shares. The stock had previously closed at $2.43.

Analyst Ratings Changes

GEVO has been the topic of several recent analyst reports. UBS Group increased their target price on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. HC Wainwright restated a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research note on Wednesday, November 13th.

Gevo Stock Down 3.0 %

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 cap of $541.06 million, a price-to-earnings ratio of -6.65 and a beta of 2.77. The firm’s 50 day simple moving average is $1.76 and its 200-day simple moving average is $1.37.

Insider Buying and Selling at Gevo

In other news, insider Paul D. Bloom sold 16,000 shares of the 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 completion of the sale, the insider now owns 947,882 shares in the company, valued at approximately $2,900,518.92. This represents a 1.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew Shafer sold 26,911 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the completion of the sale, the insider now owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. The trade was a 7.49 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Gevo

A number of hedge funds have recently added to or reduced their stakes in the company. Lauterbach Financial Advisors LLC acquired a new stake in Gevo in the third quarter valued at about $29,000. International Assets Investment Management LLC acquired a new stake in Gevo in the fourth quarter valued at about $59,000. XTX Topco Ltd lifted its position in Gevo by 61.8% in the second 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 during the period. Financial Advocates Investment Management acquired a new stake in Gevo in the third quarter valued at about $114,000. Finally, Alternative Investment Advisors LLC. acquired a new stake in Gevo in the second quarter valued at about $51,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

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.