Lauterbach Financial Advisors LLC Acquires New Shares in Gevo, Inc. (NASDAQ:GEVO)

Lauterbach Financial Advisors LLC purchased a new position in Gevo, Inc. (NASDAQ:GEVO) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 18,000 shares of the energy company’s stock, valued at approximately $29,000.

Several other large investors also recently modified their holdings of the business. Bayesian Capital Management LP bought a new position in shares of Gevo during the first quarter worth about $27,000. XTX Topco Ltd boosted its position in Gevo by 61.8% during the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after purchasing an additional 51,057 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Gevo by 79.5% during the first 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 last quarter. Financial Advocates Investment Management acquired a new position in Gevo during the third quarter valued at approximately $114,000. Finally, Alternative Investment Advisors LLC. acquired a new position in Gevo during the second quarter valued at approximately $51,000. 35.17% of the stock is currently owned by institutional investors.

Insider Activity at Gevo

In other Gevo news, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the completion of the transaction, the insider now directly owns 947,882 shares of the company’s stock, valued at $2,900,518.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the transaction, the insider now owns 947,882 shares of the company’s stock, valued at approximately $2,900,518.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Christopher Michael Ryan sold 84,014 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was 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 of the company’s stock, valued at $1,196,189.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 377,474 shares of company stock worth $367,007 in the last ninety days. 4.00% of the stock is owned by company insiders.

Gevo Stock Down 16.3 %

GEVO opened at $1.59 on Friday. The business has a fifty day simple moving average of $1.80 and a 200 day simple moving average of $1.05. Gevo, Inc. has a 1 year low of $0.48 and a 1 year high of $3.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22.

Gevo (NASDAQ:GEVO) last released its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The business had revenue of $5.26 million during the quarter, compared to the consensus estimate of $3.93 million. Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. During the same period in the previous year, the company posted ($0.06) EPS. Equities analysts anticipate that Gevo, Inc. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GEVO has been the subject of a number of recent analyst reports. UBS Group raised their price objective on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research report on Friday, October 18th.

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.