Insider Selling: Gevo, Inc. (NASDAQ:GEVO) Insider Sells $13,300.00 in Stock

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $1.33, for a total transaction of $13,300.00. Following the transaction, the insider now directly owns 322,430 shares of the company’s stock, valued at approximately $428,831.90. This trade represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gevo Stock Performance

Shares of NASDAQ GEVO opened at $1.14 on Friday. The company has a 50-day simple moving average of $1.55 and a 200-day simple moving average of $1.75. 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 company has a market cap of $271.73 million, a PE ratio of -3.34 and a beta of 2.72. Gevo, Inc. has a 12 month low of $0.48 and a 12 month high of $3.39.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, March 27th. The energy company reported ($0.09) EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4.15 million during the quarter, compared to analysts’ expectations of $3.85 million. On average, equities analysts anticipate that Gevo, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $14.00 price target on shares of Gevo in a research report on Friday.

Hedge Funds Weigh In On Gevo

Several institutional investors have recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. purchased a new stake in Gevo in the 4th quarter valued at about $189,000. Two Sigma Investments LP boosted its position in shares of Gevo by 671.3% in the fourth quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company’s stock worth $690,000 after acquiring an additional 287,150 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Gevo in the fourth quarter valued at approximately $282,000. Balyasny Asset Management L.P. acquired a new position in Gevo during the fourth quarter worth approximately $234,000. Finally, Bank of America Corp DE raised its stake in Gevo by 160.7% during the fourth quarter. Bank of America Corp DE now owns 360,559 shares of the energy company’s stock worth $754,000 after purchasing an additional 222,237 shares during the period. 35.17% of the stock is currently owned by institutional investors and hedge funds.

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.