Gevo, Inc. (NASDAQ:GEVO) Shares Sold by First Affirmative Financial Network

First Affirmative Financial Network reduced its position in Gevo, Inc. (NASDAQ:GEVO) by 35.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 21,122 shares of the energy company’s stock after selling 11,500 shares during the quarter. First Affirmative Financial Network’s holdings in Gevo were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in shares of Gevo in the second quarter worth about $112,000. Millennium Management LLC acquired a new position in Gevo in the 2nd quarter worth about $2,888,000. Point72 DIFC Ltd purchased a new position in Gevo during the second quarter worth approximately $64,000. Alternative Investment Advisors LLC. acquired a new stake in Gevo in the second quarter valued at approximately $51,000. Finally, Financial Advocates Investment Management purchased a new stake in shares of Gevo in the third quarter valued at approximately $114,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Andrew Shafer sold 26,911 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the completion of the sale, the insider now owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. This trade represents a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GEVO shares. HC Wainwright reissued a “buy” rating and issued a $14.00 price target on shares of Gevo in a report on Wednesday, November 13th. UBS Group upped their price target on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

Gevo Stock Down 0.6 %

Shares of GEVO opened at $1.77 on Friday. The stock has a 50 day moving average price of $1.85 and a 200 day moving average price of $1.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The stock has a market capitalization of $423.75 million, a price-to-earnings ratio of -5.21 and a beta of 2.77. Gevo, Inc. has a one year low of $0.48 and a one year high of $3.39.

Gevo (NASDAQ:GEVO) last issued its earnings results on Thursday, November 7th. The energy company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The business had revenue of $1.97 million during the quarter, compared to analysts’ expectations of $6.08 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. During the same period in the prior year, the business earned ($0.07) earnings per share. Equities research analysts forecast that Gevo, Inc. will post -0.32 earnings per share for the current fiscal year.

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.