Patrick R. Gruber Sells 164,428 Shares of Gevo, Inc. (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) CEO Patrick R. Gruber sold 164,428 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $124,965.28. Following the completion of the sale, the chief executive officer now directly owns 3,757,976 shares of the company’s stock, valued at $2,856,061.76. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Gevo Stock Performance

GEVO opened at $0.93 on Wednesday. The company has a market cap of $218.68 million, a price-to-earnings ratio of -3.19 and a beta of 2.90. The company’s fifty day moving average price is $0.63 and its two-hundred day moving average price is $0.69. Gevo, Inc. has a 1-year low of $0.48 and a 1-year high of $1.43. The company has a current ratio of 12.80, a quick ratio of 12.62 and a debt-to-equity ratio of 0.13.

Gevo (NASDAQ:GEVO) last posted its earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09). The company had revenue of $5.26 million for the quarter, compared to analyst estimates of $3.93 million. Gevo had a negative net margin of 393.88% and a negative return on equity of 11.97%. During the same quarter in the prior year, the business posted ($0.06) EPS. On average, analysts expect that Gevo, Inc. will post -0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research note on Monday, August 12th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bayesian Capital Management LP purchased a new stake in Gevo in the 1st quarter valued at $27,000. Tower Research Capital LLC TRC lifted its position in shares of Gevo by 136.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 49,134 shares of the energy company’s stock valued at $57,000 after purchasing an additional 28,323 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new position in Gevo during the first quarter worth about $38,000. RPO LLC bought a new stake in Gevo in the 4th quarter worth about $77,000. Finally, Paloma Partners Management Co bought a new stake in Gevo in the 1st quarter worth about $74,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Gevo Company 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.