Gevo, Inc. (NASDAQ:GEVO) CEO Patrick R. Gruber Sells 104,488 Shares

Posted by Defense World Staff on Aug 2nd, 2023

Gevo, Inc. (NASDAQ:GEVO – Get Free Report) CEO Patrick R. Gruber sold 104,488 shares of Gevo stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $1.65, for a total value of $172,405.20. Following the sale, the chief executive officer now directly owns 2,392,271 shares in the company, valued at approximately $3,947,247.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Gevo Stock Performance

NASDAQ GEVO opened at $1.64 on Wednesday. The stock has a market capitalization of $389.09 million, a PE ratio of -3.81 and a beta of 3.06. The business has a 50 day simple moving average of $1.52 and a two-hundred day simple moving average of $1.58. The company has a debt-to-equity ratio of 0.11, a current ratio of 15.12 and a quick ratio of 14.95. Gevo, Inc. has a 1-year low of $1.01 and a 1-year high of $3.73.

Gevo (NASDAQ:GEVO – Get Free Report) last released its quarterly earnings results on Wednesday, May 10th. The energy company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The firm had revenue of $4.06 million for the quarter, compared to analysts’ expectations of $2.28 million. Gevo had a negative net margin of 1,997.84% and a negative return on equity of 16.07%. On average, research analysts predict that Gevo, Inc. will post -0.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus decreased their target price on Gevo from $3.00 to $2.70 in a research note on Tuesday, June 27th.

Hedge Funds Weigh In On Gevo

Institutional investors have recently added to or reduced their stakes in the company. Bailard Inc. purchased a new position in shares of Gevo in the 4th quarter worth approximately $50,000. Benjamin Edwards Inc. boosted its holdings in shares of Gevo by 746.2% in the 4th quarter. Benjamin Edwards Inc. now owns 79,957 shares of the energy company’s stock worth $152,000 after purchasing an additional 70,508 shares during the period. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Gevo in the 1st quarter worth approximately $43,000. Virtu Financial LLC boosted its holdings in shares of Gevo by 468.9% in the 2nd quarter. Virtu Financial LLC now owns 62,965 shares of the energy company’s stock worth $96,000 after purchasing an additional 51,897 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Gevo by 20.5% in the 1st quarter. Barclays PLC now owns 270,722 shares of the energy company’s stock worth $417,000 after purchasing an additional 46,146 shares during the period. Hedge funds and other institutional investors own 42.67% of the company’s stock.

About Gevo

(Get Free Report)

Gevo, Inc operates as a renewable fuels company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company offers renewable gasoline and diesel, isooctane, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.