Y Intercept Hong Kong Ltd Makes New $36,000 Investment in Gevo, Inc. (NASDAQ:GEVO)

Y Intercept Hong Kong Ltd bought a new position in Gevo, Inc. (NASDAQ:GEVO) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 30,940 shares of the energy company’s stock, valued at approximately $36,000.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Gevo in the fourth quarter worth about $27,000. IHT Wealth Management LLC bought a new stake in Gevo during the 4th quarter valued at approximately $29,000. Commonwealth Equity Services LLC purchased a new position in shares of Gevo during the 4th quarter worth approximately $49,000. ExodusPoint Capital Management LP purchased a new position in shares of Gevo during the 4th quarter worth approximately $49,000. Finally, Two Sigma Securities LLC bought a new position in shares of Gevo in the 4th quarter worth approximately $71,000. Institutional investors own 35.17% of the company’s stock.

Gevo Trading Down 2.3%

NASDAQ:GEVO opened at $1.30 on Friday. Gevo, Inc. has a one year low of $0.48 and a one year high of $3.39. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.04 and a quick ratio of 1.71. The company’s 50-day simple moving average is $1.35 and its 200 day simple moving average is $1.38. The firm has a market capitalization of $311.43 million, a P/E ratio of -3.61 and a beta of 2.52.

Gevo (NASDAQ:GEVO) last released its earnings results on Tuesday, May 13th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. Gevo had a negative net margin of 193.87% and a negative return on equity of 16.41%. The firm had revenue of $29.11 million during the quarter, compared to analyst estimates of $22.19 million. As a group, analysts forecast that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on GEVO. HC Wainwright restated a “buy” rating and set a $14.00 price target on shares of Gevo in a research report on Friday, May 30th. Wall Street Zen raised Gevo from a “sell” rating to a “hold” rating in a research report on Friday, July 18th.

Insider Activity at Gevo

In other news, insider Andrew Shafer sold 27,538 shares of Gevo stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $1.28, for a total value of $35,248.64. Following the completion of the transaction, the insider owned 284,892 shares of the company’s stock, valued at $364,661.76. The trade was a 8.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick R. Gruber sold 157,197 shares of the company’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $1.28, for a total transaction of $201,212.16. Following the completion of the transaction, the chief executive officer owned 3,610,779 shares in the company, valued at approximately $4,621,797.12. The trade was a 4.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 469,186 shares of company stock worth $599,429 over the last quarter. 6.80% of the stock is currently 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.