L Lynn Smull Sells 36,611 Shares of Gevo, Inc. (NASDAQ:GEVO) Stock

Key Points

• L Lynn Smull, EVP of Gevo, Inc., sold 36,611 shares at an average price of $1.23, reducing his ownership to approximately 1,102,131 shares, a 3.22% decrease.
• Following recent executive sales, Gevo stock is trading down 4.9% to $1.17, with significant exchange volume compared to its average.
• Gevo reported revenue of $29.11 million in its last quarterly earnings, exceeding expectations, but has a negative return on equity of 16.41%.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) EVP L Lynn Smull sold 36,611 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1.23, for a total value of $45,031.53. Following the completion of the sale, the executive vice president owned 1,102,131 shares in the company, valued at approximately $1,355,621.13. This represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

L Lynn Smull also recently made the following trade(s):

• On Friday, August 1st, L Lynn Smull sold 32,808 shares of Gevo stock. The shares were sold at an average price of $1.25, for a total value of $41,010.00.
• On Tuesday, July 1st, L Lynn Smull sold 3,929 shares of Gevo stock. The shares were sold at an average price of $1.33, for a total value of $5,225.57.
• On Friday, May 30th, L Lynn Smull sold 60,331 shares of Gevo stock. The stock was sold at an average price of $1.28, for a total value of $77,223.68.

Gevo Trading Down 4.9%

Shares of GEVO stock traded down $0.06 on Wednesday, reaching $1.17. 2,665,916 shares of the stock were exchanged, compared to its average volume of 2,695,451. The stock has a market cap of $280.29 million, a P/E ratio of -3.25 and a beta of 2.67. The company has a quick ratio of 1.71, a current ratio of 2.04 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $1.35 and a two-hundred day moving average of $1.35. Gevo, Inc. has a 1-year low of $0.51 and a 1-year high of $3.39.

Gevo (NASDAQ:GEVO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $29.11 million during the quarter, compared to the consensus estimate of $22.19 million. On average, research analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current year.

Hedge Funds Weigh In On Gevo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in shares of Gevo by 441.0% during the fourth quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock worth $8,966,000 after purchasing an additional 3,497,007 shares during the last quarter. Millennium Management LLC increased its stake in shares of Gevo by 1.9% in the first quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company's stock valued at $3,803,000 after purchasing an additional 61,919 shares during the period. Geode Capital Management LLC increased its stake in shares of Gevo by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock valued at $5,626,000 after acquiring an additional 234,727 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Gevo by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company's stock worth $1,351,000 after buying an additional 123,170 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Gevo during the fourth quarter worth approximately $904,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. HC Wainwright restated a "buy" rating and issued a $14.00 price target on shares of Gevo in a research report on Friday, May 30th. Wall Street Zen cut Gevo from a "hold" rating to a "sell" rating in a report on Saturday.

About Gevo

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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