International Assets Investment Management LLC Buys New Position in Gevo, Inc. (NASDAQ:GEVO)

International Assets Investment Management LLC purchased a new position in Gevo, Inc. (NASDAQ:GEVO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,500 shares of the energy company’s stock, valued at approximately $59,000.

Other large investors have also added to or reduced their stakes in the company. Lauterbach Financial Advisors LLC purchased a new stake in Gevo in the third quarter worth $29,000. Financial Advocates Investment Management bought a new stake in shares of Gevo during the 3rd quarter valued at $114,000. Alternative Investment Advisors LLC. purchased a new stake in shares of Gevo in the 2nd quarter worth about $51,000. Point72 DIFC Ltd purchased a new stake in shares of Gevo in the 2nd quarter worth about $64,000. Finally, XTX Topco Ltd increased its stake in shares of Gevo by 61.8% in the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after acquiring an additional 51,057 shares in the last quarter. Institutional investors own 35.17% of the company’s stock.

Gevo Price Performance

NASDAQ GEVO opened at $2.09 on Wednesday. The company has a 50-day moving average price of $1.75 and a 200-day moving average price of $1.41. Gevo, Inc. has a 52 week low of $0.48 and a 52 week high of $3.39. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $500.36 million, a P/E ratio of -6.15 and a beta of 2.77.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. HC Wainwright restated a “buy” rating and issued a $14.00 price target on shares of Gevo in a research note on Wednesday, November 13th.

Insiders Place Their Bets

In other news, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $3.06, for a total value of $48,960.00. Following the sale, the insider now directly owns 947,882 shares in the company, valued at $2,900,518.92. The trade was a 1.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew Shafer sold 26,911 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the sale, the insider now owns 332,430 shares in the company, valued at approximately $787,859.10. This trade represents a 7.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

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.