Gevo, Inc. (NASDAQ:GEVO) Shares Sold by Thomist Capital Management LP

Thomist Capital Management LP trimmed its position in Gevo, Inc. (NASDAQ:GEVO) by 41.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,399,764 shares of the energy company’s stock after selling 984,516 shares during the period. Thomist Capital Management LP owned approximately 0.59% of Gevo worth $830,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Gevo by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock worth $10,612,000 after buying an additional 409,693 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Gevo in the first quarter worth about $89,000. Bayesian Capital Management LP acquired a new stake in Gevo in the 1st quarter valued at about $27,000. Price T Rowe Associates Inc. MD boosted its position in shares of Gevo by 128.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company’s stock valued at $263,000 after purchasing an additional 192,457 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Gevo by 79.5% during the 1st quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock valued at $110,000 after purchasing an additional 63,179 shares in the last quarter. 35.17% of the stock is currently owned by institutional investors and hedge funds.

Gevo Stock Performance

GEVO opened at $1.50 on Thursday. The business has a fifty day simple moving average of $0.72 and a 200-day simple moving average of $0.69. The firm has a market cap of $354.35 million, a PE ratio of -5.17 and a beta of 2.94. The company has a quick ratio of 10.09, a current ratio of 10.22 and a debt-to-equity ratio of 0.13. Gevo, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $1.83.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. The firm had revenue of $5.26 million for the quarter, compared to the consensus estimate of $3.93 million. During the same quarter in the previous year, the company earned ($0.06) EPS. As a group, equities analysts predict that Gevo, Inc. will post -0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and issued a $14.00 target price on shares of Gevo in a report on Friday, September 13th.

Insider Activity

In related news, CEO Patrick R. Gruber sold 127,276 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total value of $64,910.76. Following the completion of the transaction, the chief executive officer now owns 3,922,404 shares of the company’s stock, valued at approximately $2,000,426.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Patrick R. Gruber sold 127,276 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total value of $64,910.76. Following the completion of the sale, the chief executive officer now owns 3,922,404 shares in the company, valued at $2,000,426.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick R. Gruber sold 108,966 shares of Gevo stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $0.59, for a total value of $64,289.94. Following the transaction, the chief executive officer now owns 4,049,680 shares in the company, valued at approximately $2,389,311.20. The disclosure for this sale can be found here. Insiders have sold 759,600 shares of company stock worth $486,431 over the last 90 days. 4.00% of the stock is owned by company insiders.

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.