Financial Advocates Investment Management Has $188,000 Stock Position in Gevo, Inc. (NASDAQ:GEVO)

Financial Advocates Investment Management lifted its position in Gevo, Inc. (NASDAQ:GEVO) by 28.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,000 shares of the energy company’s stock after buying an additional 19,980 shares during the quarter. Financial Advocates Investment Management’s holdings in Gevo were worth $188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Millennium Management LLC acquired a new stake in shares of Gevo in the second quarter worth $2,888,000. Point72 Asset Management L.P. lifted its stake in shares of Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after buying an additional 812,870 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Gevo in the second quarter worth $112,000. Janney Montgomery Scott LLC raised its stake in Gevo by 166.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company’s stock valued at $94,000 after purchasing an additional 28,000 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new position in Gevo during the 4th quarter valued at $54,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group upped their target price on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. HC Wainwright reiterated a “buy” rating and set a $14.00 target price on shares of Gevo in a research note on Tuesday, February 4th.

Gevo Price Performance

NASDAQ:GEVO opened at $1.77 on Tuesday. Gevo, Inc. has a one year low of $0.48 and a one year high of $3.39. The stock has a market cap of $423.76 million, a P/E ratio of -5.21 and a beta of 2.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The company has a fifty day moving average price of $1.88 and a 200 day moving average price of $1.59.

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.