Insider Selling: Gevo, Inc. (NASDAQ:GEVO) COO Sells $63,850.64 in Stock

Gevo, Inc. (NASDAQ:GEVO) COO Christopher Michael Ryan sold 84,014 shares of Gevo stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $63,850.64. Following the transaction, the chief operating officer now directly owns 1,573,934 shares in the company, valued at approximately $1,196,189.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Christopher Michael Ryan also recently made the following trade(s):

• On Tuesday, August 6th, Christopher Michael Ryan sold 46,608 shares of Gevo stock. The shares were sold at an average price of $0.51, for a total transaction of $23,770.08.
• On Wednesday, July 31st, Christopher Michael Ryan sold 39,821 shares of Gevo stock. The stock was sold at an average price of $0.59, for a total value of $23,494.39.

Gevo Stock Performance

Shares of GEVO opened at $0.89 on Thursday. The firm has a market cap of $210.79 million, a price-to-earnings ratio of -3.08 and a beta of 2.90. The company’s fifty day moving average is $0.63 and its 200-day moving average is $0.69. The company has a quick ratio of 12.62, a current ratio of 12.80 and a debt-to-equity ratio of 0.13. Gevo, Inc. has a 12 month low of $0.48 and a 12 month high of $1.43.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.09). Gevo had a negative return on equity of 11.97% and a negative net margin of 393.88%. The business had revenue of $5.26 million for the quarter, compared to the consensus estimate of $3.93 million. During the same period last year, the business earned ($0.06) EPS. Equities analysts expect that Gevo, Inc. will post -0.34 EPS for the current fiscal year.

Institutional Trading of Gevo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RPO LLC acquired a new position in shares of Gevo during the fourth quarter valued at about $77,000. Tower Research Capital LLC TRC lifted its holdings in Gevo by 136.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 49,134 shares of the energy company’s stock valued at $57,000 after purchasing an additional 28,323 shares during the last quarter. Thomist Capital Management LP acquired a new stake in shares of Gevo during the first quarter worth approximately $1,833,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Gevo in the 1st quarter valued at $89,000. Finally, BNP Paribas Financial Markets lifted its position in Gevo by 79.5% during the 1st quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock valued at $110,000 after purchasing an additional 63,179 shares during the period. Institutional investors and hedge funds own 35.17% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $14.00 target price on shares of Gevo in a research report on Monday, August 12th.

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.