Insider Selling: Gevo, Inc. (NASDAQ:GEVO) Insider Sells 42,073 Shares of Stock

Key Points

• Gevo, Inc. insider Paul D. Bloom sold 42,073 shares at an average price of $1.23, resulting in a total sale value of approximately $51,749.79, reducing his ownership by 4.03%.
• The stock was trading at $1.17, reflecting a decline with a market capitalization of $280.29 million and a P/E ratio of -3.25.
• Hedge funds have recently increased their positions in Gevo, with institutional investors now owning 35.17% of the company’s stock, highlighting growing interest in the firm.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Paul D. Bloom sold 42,073 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1.23, for a total value of $51,749.79. Following the sale, the insider directly owned 1,000,683 shares of the company's stock, valued at $1,230,840.09. This represents a 4.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gevo Stock Performance

Shares of GEVO traded down $0.06 during mid-day trading on Wednesday, hitting $1.17. The stock had a trading volume of 2,665,916 shares, compared to its average volume of 2,695,451. The firm has a market cap of $280.29 million, a P/E ratio of -3.25 and a beta of 2.67. The business has a fifty day moving average price of $1.35 and a 200-day moving average price of $1.35. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.04 and a quick ratio of 1.71. Gevo, Inc. has a 52 week low of $0.51 and a 52 week high of $3.39.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its earnings results on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. Gevo had a negative return on equity of 16.41% and a negative net margin of 193.87%. The business had revenue of $29.11 million during the quarter, compared to analysts' expectations of $22.19 million. On average, equities research analysts expect that Gevo, Inc. will post -0.42 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of Gevo in the 2nd quarter worth approximately $26,000. Raymond James Financial Inc. purchased a new stake in shares of Gevo in the 4th quarter worth approximately $27,000. IHT Wealth Management LLC purchased a new stake in Gevo during the 4th quarter valued at $29,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Gevo in the 1st quarter worth $36,000. Finally, R Squared Ltd purchased a new stake in shares of Gevo during the second quarter valued at $39,000. Institutional investors own 35.17% of the company's stock.

Analyst Ratings Changes

GEVO has been the subject of a number of research reports. Wall Street Zen cut Gevo from a "hold" rating to a "sell" rating in a research note on Saturday. HC Wainwright reiterated a "buy" rating and set a $14.00 price target on shares of Gevo in a report on Friday, May 30th.

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.

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