12,775 Shares in Gevo, Inc. (NASDAQ:GEVO) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Gevo, Inc. (NASDAQ:GEVO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,775 shares of the energy company’s stock, valued at approximately $27,000.

Several other large investors have also bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Gevo in the fourth quarter valued at about $468,000. VisionPoint Advisory Group LLC boosted its holdings in Gevo by 200.9% in the fourth quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company’s stock valued at $65,000 after acquiring an additional 18,734 shares during the last quarter. Centerpoint Advisory Group bought a new stake in Gevo in the fourth quarter valued at approximately $75,000. Financial Advocates Investment Management increased its position in Gevo by 28.5% during the 4th quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company’s stock valued at $188,000 after purchasing an additional 19,980 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Gevo by 166.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company’s stock worth $94,000 after purchasing an additional 28,000 shares during the last quarter. 35.17% of the stock is owned by institutional investors.

Gevo Trading Up 4.6 %

NASDAQ GEVO opened at $1.14 on Monday. The stock has a market capitalization of $273.16 million, a P/E ratio of -3.35 and a beta of 2.62. The business has a 50 day simple moving average of $1.37 and a 200 day simple moving average of $1.74. 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.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Thursday, March 27th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. The firm had revenue of $4.15 million for the quarter, compared to analysts’ expectations of $3.85 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. Research analysts expect that Gevo, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group reduced their price objective on shares of Gevo from $3.25 to $1.15 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. HC Wainwright restated a “buy” rating and issued a $14.00 target price on shares of Gevo in a report on Friday, March 28th.

About Gevo

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.