Point72 DIFC Ltd Takes $64,000 Position in Gevo, Inc. (NASDAQ:GEVO)

Point72 DIFC Ltd purchased a new stake in shares of Gevo, Inc. (NASDAQ:GEVO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 114,430 shares of the energy company’s stock, valued at approximately $64,000.

A number of other institutional investors and hedge funds have also modified their holdings of GEVO. Vanguard Group Inc. lifted its stake in Gevo by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock worth $10,612,000 after acquiring an additional 409,693 shares in the last quarter. Thomist Capital Management LP purchased a new stake in shares of Gevo in the first quarter worth approximately $1,833,000. Price T Rowe Associates Inc. MD lifted its position in shares of Gevo by 128.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company’s stock worth $263,000 after purchasing an additional 192,457 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Gevo by 79.5% during the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock worth $110,000 after purchasing an additional 63,179 shares during the period. Finally, XTX Topco Ltd grew its position in Gevo by 61.8% during the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after purchasing an additional 51,057 shares in the last quarter. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Gevo Stock Up 17.1 %

Shares of Gevo stock opened at $1.71 on Friday. The firm has a market cap of $403.96 million, a price-to-earnings ratio of -5.90 and a beta of 2.94. The stock has a 50-day simple moving average of $0.85 and a 200-day simple moving average of $0.73. Gevo, Inc. has a 52-week low of $0.48 and a 52-week high of $1.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09.

Gevo (NASDAQ:GEVO) last posted its earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The firm had revenue of $5.26 million during the quarter, compared to analysts’ expectations of $3.93 million. During the same period in the previous year, the company earned ($0.06) earnings per share. On average, equities research analysts expect that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $14.00 target price on shares of Gevo in a research note on Friday, September 13th.

Insider Activity at Gevo

In other Gevo news, CEO Patrick R. Gruber sold 164,428 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $124,965.28. Following the transaction, the chief executive officer now directly owns 3,757,976 shares of the company’s stock, valued at $2,856,061.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Christopher Michael Ryan sold 84,014 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $63,850.64. Following the completion of the sale, the chief operating officer now directly owns 1,573,934 shares in the company, valued at approximately $1,196,189.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick R. Gruber sold 164,428 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $124,965.28. Following the sale, the chief executive officer now directly owns 3,757,976 shares of the company’s stock, valued at approximately $2,856,061.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 759,600 shares of company stock valued at $486,431. Insiders own 4.00% of the company’s stock.

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.