Gevo, Inc. (NASDAQ:GEVO – Get Free Report) insider David Michael Kettner bought 12,500 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was acquired at an average price of $1.55 per share, for a total transaction of $19,375.00. Following the transaction, the insider owned 276,788 shares of the company’s stock, valued at approximately $429,021.40. The trade was a 4.73% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Gevo Stock Down 2.4%
Shares of NASDAQ GEVO opened at $1.65 on Thursday. The company has a market cap of $407.95 million, a price-to-earnings ratio of -1.85 and a beta of 1.04. The company has a current ratio of 2.70, a quick ratio of 2.19 and a debt-to-equity ratio of 0.61. Gevo, Inc. has a 12 month low of $1.37 and a 12 month high of $2.97. The stock has a 50-day moving average price of $1.54 and a two-hundred day moving average price of $1.79.
Gevo (NASDAQ:GEVO – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $46.50 million for the quarter, compared to analyst estimates of $46.40 million. Gevo had a negative net margin of 119.93% and a negative return on equity of 6.50%. As a group, analysts forecast that Gevo, Inc. will post -0.37 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Gevo
Hedge Funds Weigh In On Gevo
Several large investors have recently modified their holdings of GEVO. Nuveen LLC lifted its holdings in Gevo by 107.7% during the 4th quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock worth $8,277,000 after buying an additional 2,146,019 shares during the period. Invesco Ltd. increased its stake in shares of Gevo by 41.3% in the fourth quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company’s stock valued at $11,758,000 after buying an additional 1,719,381 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Gevo by 118.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,859,441 shares of the energy company’s stock valued at $5,719,000 after buying an additional 1,548,302 shares during the period. Bank of America Corp DE raised its position in shares of Gevo by 166.1% during the first quarter. Bank of America Corp DE now owns 2,186,704 shares of the energy company’s stock worth $5,970,000 after acquiring an additional 1,364,924 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Gevo by 153.8% during the first quarter. Renaissance Technologies LLC now owns 2,215,194 shares of the energy company’s stock worth $6,047,000 after acquiring an additional 1,342,400 shares during the last quarter. Institutional investors own 35.17% of the company’s stock.
About Gevo
Gevo, Inc (NASDAQ: GEVO) is a renewable chemicals and biofuels company that develops and produces low-carbon alternatives to petroleum-based products. The company’s core technology platform converts fermentable sugars into isobutanol, which can be further processed into sustainable aviation fuel (SAF), renewable gasoline, diesel, and jet fuel. Gevo’s integrated biorefinery model combines fermentation, recovery, and downstream processing to deliver scalable, drop-in replacements for conventional fossil-derived hydrocarbons.
Gevo’s primary products include isobutanol, a four-carbon alcohol used as a building block for various fuels and chemicals, and hydrocarbon fuels that meet ASTM specifications for aviation and road transport.
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