Versor Investments LP Makes New $347,000 Investment in Gevo, Inc. (NASDAQ:GEVO)

Versor Investments LP bought a new position in Gevo, Inc. (NASDAQ:GEVOGet Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 152,300 shares of the energy company’s stock, valued at approximately $347,000. Versor Investments LP owned approximately 0.06% of Gevo at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. purchased a new position in Gevo during the second quarter valued at approximately $25,000. Mackenzie Financial Corp bought a new stake in shares of Gevo in the 3rd quarter valued at approximately $27,000. Aurora Private Wealth Inc. acquired a new position in Gevo in the second quarter worth approximately $35,000. Cubist Systematic Strategies LLC bought a new position in Gevo during the second quarter valued at approximately $39,000. Finally, Creative Planning grew its position in Gevo by 33.3% in the second quarter. Creative Planning now owns 17,627 shares of the energy company’s stock worth $41,000 after acquiring an additional 4,400 shares in the last quarter. 45.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Gevo

In other news, Director Andrew Marsh sold 41,904 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $2.04, for a total value of $85,484.16. Following the sale, the director now owns 203,562 shares in the company, valued at $415,266.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO L Lynn Smull sold 17,676 shares of the stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $1.89, for a total value of $33,407.64. Following the completion of the sale, the chief financial officer now owns 797,725 shares in the company, valued at $1,507,700.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrew Marsh sold 41,904 shares of Gevo stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $2.04, for a total value of $85,484.16. Following the sale, the director now directly owns 203,562 shares in the company, valued at $415,266.48. The disclosure for this sale can be found here. Insiders sold a total of 60,590 shares of company stock worth $120,659 over the last three months. 3.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GEVO. Jefferies Financial Group began coverage on shares of Gevo in a report on Wednesday, October 19th. They set a “hold” rating and a $2.30 price target on the stock. UBS Group initiated coverage on Gevo in a research report on Tuesday, December 13th. They issued a “neutral” rating and a $2.25 price target for the company.

Gevo Price Performance

NASDAQ GEVO opened at $1.90 on Monday. Gevo, Inc. has a 1 year low of $1.65 and a 1 year high of $5.49. The company has a fifty day simple moving average of $2.02 and a 200 day simple moving average of $2.43. The company has a current ratio of 24.49, a quick ratio of 24.25 and a debt-to-equity ratio of 0.13. The company has a market cap of $450.72 million, a P/E ratio of -4.63 and a beta of 3.03.

Gevo (NASDAQ:GEVOGet Rating) last issued its quarterly earnings results on Tuesday, November 8th. The energy company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). Gevo had a negative net margin of 13,031.14% and a negative return on equity of 15.04%. The business had revenue of $0.31 million during the quarter, compared to analyst estimates of $1.29 million. On average, sell-side analysts predict that Gevo, Inc. will post -0.35 EPS for the current year.

Gevo Profile

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Gevo, Inc operates as a renewable fuels company. It operates through four segments: Gevo, Agri-Energy, Renewable Natural Gas, and Net-Zero. The company commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives.

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Institutional Ownership by Quarter for Gevo (NASDAQ:GEVO)

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