Stonehage Fleming Financial Services Holdings Ltd Purchases Shares of 87,700 Gevo, Inc. $GEVO

Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Gevo, Inc. (NASDAQ:GEVO) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 87,700 shares of the energy company’s stock, valued at approximately $116,000.

Several other hedge funds have also modified their holdings of GEVO. OMERS ADMINISTRATION Corp boosted its stake in shares of Gevo by 114.5% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 289,300 shares of the energy company’s stock worth $336,000 after acquiring an additional 154,400 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of Gevo during the 1st quarter worth about $174,000. Goldman Sachs Group Inc. boosted its stake in shares of Gevo by 11.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company’s stock worth $1,351,000 after acquiring an additional 123,170 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Gevo during the 1st quarter worth about $92,000. Finally, Millennium Management LLC boosted its stake in shares of Gevo by 1.9% during the 1st quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock worth $3,803,000 after acquiring an additional 61,919 shares in the last quarter. 35.17% of the stock is owned by hedge funds and other institutional investors.

Gevo Stock Down 3.5%

GEVO opened at $2.19 on Friday. The company has a market cap of $529.63 million, a PE ratio of -8.42 and a beta of 2.13. The company has a quick ratio of 2.10, a current ratio of 2.33 and a debt-to-equity ratio of 0.29. Gevo, Inc. has a twelve month low of $0.92 and a twelve month high of $3.39. The company has a 50-day moving average price of $1.79 and a 200 day moving average price of $1.44.

Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Monday, August 11th. The energy company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. The company had revenue of $43.41 million during the quarter, compared to the consensus estimate of $43.69 million. Gevo had a negative net margin of 72.76% and a negative return on equity of 12.04%. Sell-side analysts expect that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Gevo

In related news, Director Gary W. Mize sold 91,459 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $1.68, for a total transaction of $153,651.12. Following the completion of the transaction, the director owned 388,326 shares of the company’s stock, valued at approximately $652,387.68. This trade represents a 19.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Christopher Michael Ryan sold 42,499 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1.23, for a total transaction of $52,273.77. Following the transaction, the chief operating officer directly owned 1,633,621 shares of the company’s stock, valued at $2,009,353.83. The trade was a 2.54% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 752,956 shares of company stock worth $1,064,408. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on GEVO. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a research note on Wednesday. UBS Group upped their price target on shares of Gevo from $1.15 to $2.25 and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Zacks Research upgraded shares of Gevo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of Gevo from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.13.

Gevo 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.