Marshall Wace LLP Invests $812,000 in Gevo, Inc. (NASDAQ:GEVO)

Marshall Wace LLP purchased a new position in Gevo, Inc. (NASDAQ:GEVO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 388,428 shares of the energy company's stock, valued at approximately $812,000. Marshall Wace LLP owned 0.16% of Gevo at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in Gevo in the 4th quarter worth about $27,000. Signal Advisors Wealth LLC bought a new position in shares of Gevo in the fourth quarter valued at approximately $34,000. Commonwealth Equity Services LLC purchased a new position in Gevo during the fourth quarter valued at approximately $49,000. ExodusPoint Capital Management LP bought a new stake in Gevo during the 4th quarter worth approximately $49,000. Finally, Ballentine Partners LLC purchased a new stake in Gevo in the 4th quarter worth approximately $54,000. 35.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. HC Wainwright restated a "buy" rating and set a $14.00 price target on shares of Gevo in a research report on Friday, March 28th. UBS Group reduced their target price on Gevo from $3.25 to $1.15 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd.

Gevo Price Performance

GEVO traded down $0.03 on Monday, reaching $1.04. The company had a trading volume of 1,779,857 shares, compared to its average volume of 4,747,053. Gevo, Inc. has a 52-week low of $0.48 and a 52-week high of $3.39. The company has a market cap of $248.00 million, a price-to-earnings ratio of -3.04 and a beta of 2.51. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The business has a 50 day simple moving average of $1.20 and a 200 day simple moving average of $1.66.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.02. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The company had revenue of $4.15 million during the quarter, compared to the consensus estimate of $3.85 million. As a group, sell-side analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current year.

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.