Invesco Ltd. Sells 152,191 Shares of Gevo, Inc. $GEVO

Invesco Ltd. cut its position in Gevo, Inc. (NASDAQ:GEVO) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,137,758 shares of the energy company’s stock after selling 152,191 shares during the period. Invesco Ltd. owned about 1.73% of Gevo worth $4,800,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GEVO. Raymond James Financial Inc. bought a new position in shares of Gevo in the 4th quarter valued at about $27,000. Centerpoint Advisory Group raised its stake in Gevo by 55.6% in the 1st quarter. Centerpoint Advisory Group now owns 56,000 shares of the energy company’s stock worth $65,000 after purchasing an additional 20,000 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Gevo in the 1st quarter worth about $36,000. Two Sigma Securities LLC acquired a new stake in Gevo in the 4th quarter worth about $71,000. Finally, Deutsche Bank AG raised its stake in Gevo by 5,808.4% in the 1st quarter. Deutsche Bank AG now owns 40,709 shares of the energy company’s stock worth $47,000 after purchasing an additional 40,020 shares in the last quarter. 35.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Gevo

In other Gevo news, insider Paul D. Bloom sold 87,466 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1.28, for a total value of $111,956.48. Following the completion of the transaction, the insider owned 860,416 shares of the company’s stock, valued at $1,101,332.48. The trade was a 9.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Christopher Michael Ryan sold 73,934 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1.28, for a total transaction of $94,635.52. Following the completion of the transaction, the chief operating officer directly owned 1,510,000 shares of the company’s stock, valued at approximately $1,932,800. This represents a 4.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,123,464 shares of company stock valued at $1,475,392 in the last quarter. 6.80% of the stock is currently owned by company insiders.

Gevo Stock Performance

Shares of GEVO stock opened at $1.78 on Thursday. The firm has a market cap of $430.48 million, a price-to-earnings ratio of -6.85 and a beta of 2.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.10 and a current ratio of 2.33. The firm’s 50-day simple moving average is $1.47 and its two-hundred day simple moving average is $1.33. Gevo, Inc. has a 52 week low of $0.67 and a 52 week high of $3.39.

Gevo (NASDAQ:GEVO) last posted its earnings results on Monday, August 11th. The energy company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.07. The firm had revenue of $43.41 million during the quarter, compared to the consensus estimate of $43.69 million. Gevo had a negative net margin of 72.76% and a negative return on equity of 12.04%. As a group, equities analysts forecast that Gevo, Inc. will post -0.42 earnings per share for the current year.

Analyst Ratings Changes

GEVO has been the subject of several analyst reports. Zacks Research upgraded shares of Gevo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. HC Wainwright restated a “buy” rating and issued a $14.00 target price on shares of Gevo in a research report on Friday, May 30th. Finally, Wall Street Zen cut shares of Gevo from a “hold” rating to a “sell” rating in a research report on Sunday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Gevo currently has a consensus rating of “Hold” and a consensus target price of $7.58.

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.