Gevo, Inc. (NASDAQ:GEVO) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP raised its position in shares of Gevo, Inc. (NASDAQ:GEVO - Free Report) by 671.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 329,928 shares of the energy company's stock after purchasing an additional 287,150 shares during the quarter. Two Sigma Investments LP owned 0.14% of Gevo worth $690,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp purchased a new stake in shares of Gevo in the fourth quarter worth about $282,000. Jefferies Financial Group Inc. purchased a new position in Gevo during the fourth quarter worth approximately $189,000. Balyasny Asset Management L.P. purchased a new position in Gevo during the fourth quarter worth approximately $234,000. Bank of America Corp DE boosted its position in Gevo by 160.7% during the fourth quarter. Bank of America Corp DE now owns 360,559 shares of the energy company's stock worth $754,000 after purchasing an additional 222,237 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Gevo during the fourth quarter worth approximately $562,000. Hedge funds and other institutional investors own 35.17% of the company's stock.

Insiders Place Their Bets

In other news, insider Kimberly T. Bowron sold 23,994 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1.28, for a total transaction of $30,712.32. Following the completion of the transaction, the insider now directly owns 391,274 shares in the company, valued at $500,830.72. This trade represents a 5.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP L Lynn Smull sold 60,331 shares of Gevo stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1.28, for a total value of $77,223.68. Following the completion of the transaction, the executive vice president now owns 1,109,271 shares of the company's stock, valued at approximately $1,419,866.88. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 470,257 shares of company stock valued at $598,553 over the last quarter. 6.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. HC Wainwright reiterated a "buy" rating and set a $14.00 price target on shares of Gevo in a research report on Friday, May 30th. UBS Group lowered their price target on Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd.

Gevo Price Performance

Shares of NASDAQ GEVO traded up $0.02 during midday trading on Wednesday, hitting $1.24. The stock had a trading volume of 2,330,629 shares, compared to its average volume of 5,433,701. Gevo, Inc. has a 1 year low of $0.48 and a 1 year high of $3.39. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $297.06 million, a PE ratio of -3.65 and a beta of 2.53. The stock has a 50 day simple moving average of $1.14 and a 200-day simple moving average of $1.48.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $29.11 million during the quarter, compared to analysts' expectations of $22.19 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. On average, sell-side analysts expect that Gevo, Inc. will post -0.42 EPS 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.