Invesco Ltd. lessened its position in shares of Gevo, Inc. (NASDAQ:GEVO - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,137,758 shares of the energy company's stock after selling 152,191 shares during the quarter. Invesco Ltd. owned about 1.73% of Gevo worth $4,800,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG grew its holdings in Gevo by 5,808.4% in the first quarter. Deutsche Bank AG now owns 40,709 shares of the energy company's stock worth $47,000 after purchasing an additional 40,020 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new stake in shares of Gevo in the 1st quarter worth $174,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Gevo in the 1st quarter worth $36,000. WNY Asset Management LLC purchased a new position in Gevo during the 1st quarter worth $58,000. Finally, Cannon Global Investment Management LLC acquired a new position in Gevo during the 1st quarter valued at about $58,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Gevo
In other news, Director Gary W. Mize sold 91,459 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $1.68, for a total transaction of $153,651.12. Following the sale, the director owned 388,326 shares of the company's stock, valued at $652,387.68. This trade represents a 19.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Oluwagbemileke Yusuf Agiri sold 57,651 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $1.63, for a total transaction of $93,971.13. Following the completion of the transaction, the chief financial officer owned 277,835 shares of the company's stock, valued at approximately $452,871.05. This represents a 17.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 673,207 shares of company stock valued at $901,438. 4.00% of the stock is owned by insiders.
Gevo Stock Performance
NASDAQ GEVO traded up $0.03 on Tuesday, hitting $1.76. 1,508,784 shares of the company's stock traded hands, compared to its average volume of 4,948,479. The firm has a market capitalization of $424.43 million, a PE ratio of -6.75 and a beta of 2.18. Gevo, Inc. has a 1-year low of $0.67 and a 1-year high of $3.39. The firm's 50-day moving average price is $1.50 and its two-hundred day moving average price is $1.32. The company has a current ratio of 2.33, a quick ratio of 2.10 and a debt-to-equity ratio of 0.29.
Gevo (NASDAQ:GEVO - Get Free Report) last posted its earnings results on Monday, August 11th. The energy company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.07. The company had revenue of $43.41 million during the quarter, compared to the consensus estimate of $43.69 million. Gevo had a negative net margin of 72.76% and a negative return on equity of 12.04%. As a group, analysts expect that Gevo, Inc. will post -0.42 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have commented on GEVO. HC Wainwright reiterated a "buy" rating and issued a $14.00 price target on shares of Gevo in a research note on Friday, May 30th. Wall Street Zen downgraded shares of Gevo from a "hold" rating to a "sell" rating in a research report on Sunday, August 24th. Finally, Zacks Research raised shares of Gevo from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Gevo currently has an average rating of "Hold" and a consensus price target of $7.58.
Read Our Latest Report on Gevo
Gevo Profile
(
Free Report)
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.
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