Two Sigma Investments LP Increases Holdings in Gevo, Inc. (NASDAQ:GEVO)

Two Sigma Investments LP increased its stake in shares of Gevo, Inc. (NASDAQ:GEVO - Free Report) by 671.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 329,928 shares of the energy company's stock after acquiring an additional 287,150 shares during the period. Two Sigma Investments LP owned about 0.14% of Gevo worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Gevo during the fourth quarter worth about $27,000. IHT Wealth Management LLC acquired a new stake in Gevo during the fourth quarter worth about $29,000. Commonwealth Equity Services LLC acquired a new stake in Gevo during the fourth quarter worth about $49,000. ExodusPoint Capital Management LP acquired a new stake in Gevo during the fourth quarter worth about $49,000. Finally, VisionPoint Advisory Group LLC grew its holdings in Gevo by 200.9% during the fourth quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company's stock worth $65,000 after acquiring an additional 18,734 shares during the period. 35.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Patrick R. Gruber sold 157,197 shares of the business'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 $201,212.16. Following the completion of the transaction, the chief executive officer now directly owns 3,610,779 shares of the company's stock, valued at $4,621,797.12. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kimberly T. Bowron sold 23,994 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1.28, for a total value of $30,712.32. Following the transaction, the insider now directly owns 391,274 shares of the company's stock, valued at $500,830.72. The trade was a 5.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 470,257 shares of company stock valued at $598,553. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on GEVO shares. UBS Group dropped their price objective on Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. HC Wainwright reissued a "buy" rating and issued a $14.00 price objective on shares of Gevo in a report on Friday, May 30th.

Gevo Stock Performance

NASDAQ GEVO opened at $1.16 on Friday. The company has a market cap of $277.89 million, a PE ratio of -3.41 and a beta of 2.53. The stock's 50 day simple moving average is $1.13 and its 200-day simple moving average is $1.48. Gevo, Inc. has a 1-year low of $0.48 and a 1-year high of $3.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05.

Gevo (NASDAQ:GEVO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. The firm had revenue of $29.11 million for the quarter, compared to the consensus estimate of $22.19 million. As a group, equities research analysts anticipate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.