Janney Montgomery Scott LLC Grows Position in Gevo, Inc. (NASDAQ:GEVO)

Janney Montgomery Scott LLC raised its stake in shares of Gevo, Inc. (NASDAQ:GEVO) by 166.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,825 shares of the energy company’s stock after buying an additional 28,000 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Gevo were worth $94,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Lauterbach Financial Advisors LLC purchased a new position in Gevo during the third quarter valued at $29,000. Signal Advisors Wealth LLC bought a new stake in shares of Gevo in the 4th quarter worth $34,000. Ballentine Partners LLC bought a new stake in shares of Gevo in the 4th quarter worth $54,000. International Assets Investment Management LLC bought a new stake in shares of Gevo in the 4th quarter worth $59,000. Finally, Financial Advocates Investment Management bought a new stake in shares of Gevo in the 3rd quarter worth $114,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Gevo Stock Performance

Shares of GEVO opened at $1.81 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. Gevo, Inc. has a one year low of $0.48 and a one year high of $3.39. The firm has a market capitalization of $433.33 million, a P/E ratio of -5.32 and a beta of 2.73. The business has a fifty day moving average of $1.90 and a 200 day moving average of $1.60.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GEVO. HC Wainwright reissued a “buy” rating and issued a $14.00 target price on shares of Gevo in a report on Tuesday, February 4th. UBS Group lifted their target price on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd.

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.