Kimberly T. Bowron Sells 23,994 Shares of Gevo, Inc. (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Kimberly T. Bowron sold 23,994 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1.28, for a total transaction of $30,712.32. Following the sale, the insider now owns 391,274 shares of the company's stock, valued at $500,830.72. This represents a 5.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gevo Trading Up 4.5%

Gevo stock traded up $0.05 during mid-day trading on Friday, reaching $1.16. 3,020,160 shares of the company traded hands, compared to its average volume of 5,423,322. 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 firm's 50 day moving average price is $1.13 and its 200 day moving average price is $1.48. The firm has a market capitalization of $277.89 million, a price-to-earnings ratio of -3.41 and a beta of 2.53. Gevo, Inc. has a 52-week low of $0.48 and a 52-week high of $3.39.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. The business had revenue of $29.11 million for the quarter, compared to the consensus estimate of $22.19 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. On average, analysts anticipate that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on GEVO. UBS Group lowered their price target on shares of Gevo from $3.25 to $1.15 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. HC Wainwright reissued a "buy" rating and set a $14.00 price objective on shares of Gevo in a research report on Friday, May 30th.

Institutional Trading of Gevo

A number of hedge funds and other institutional investors have recently modified their holdings of GEVO. Invesco Ltd. grew its position in shares of Gevo by 441.0% in the 4th quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock worth $8,966,000 after buying an additional 3,497,007 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Gevo in the 4th quarter worth about $904,000. Marshall Wace LLP purchased a new stake in shares of Gevo in the 4th quarter worth about $812,000. Two Sigma Investments LP grew its position in shares of Gevo by 671.3% in the 4th quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company's stock worth $690,000 after buying an additional 287,150 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Gevo in the 4th quarter worth about $562,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

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.