Ballentine Partners LLC Buys Shares of 25,640 Gevo, Inc. (NASDAQ:GEVO)

Ballentine Partners LLC bought a new stake in Gevo, Inc. (NASDAQ:GEVO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 25,640 shares of the energy company’s stock, valued at approximately $54,000.

Other hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd grew its holdings in shares of Gevo by 61.8% during the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after purchasing an additional 51,057 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Gevo during the second quarter worth approximately $64,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Gevo in the 2nd quarter valued at about $112,000. Millennium Management LLC bought a new position in Gevo during the 2nd quarter worth approximately $2,888,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Gevo during the second quarter valued at $295,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Gevo Price Performance

Shares of NASDAQ:GEVO opened at $1.86 on Monday. The company’s fifty day moving average is $1.82 and its two-hundred day moving average is $1.50. 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 company has a market cap of $444.11 million, a P/E ratio of -5.46 and a beta of 2.77. Gevo, Inc. has a 12-month low of $0.48 and a 12-month high of $3.39.

Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $1.97 million during the quarter, compared to analysts’ expectations of $6.08 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. During the same quarter last year, the firm earned ($0.07) earnings per share. Equities analysts expect that Gevo, Inc. will post -0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Gevo

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 of the company’s stock, valued at $787,859.10. This trade represents a 7.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.00% of the company’s stock.

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.