Investors Purchase Large Volume of Call Options on Gevo (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO) saw some unusual options trading on Thursday. Investors bought 12,387 call options on the company. This represents an increase of 240% compared to the typical volume of 3,647 call options.

Insider Activity

In other news, insider Paul D. Bloom sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the completion of the transaction, the insider now owns 947,882 shares of the company’s stock, valued at $2,900,518.92. This represents a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the sale, the insider now owns 332,430 shares in the company, valued at approximately $787,859.10. This represents a 7.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gevo

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. raised its position in shares of Gevo by 54.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after acquiring an additional 812,870 shares in the last quarter. Lauterbach Financial Advisors LLC acquired a new stake in Gevo during the third quarter worth approximately $29,000. Financial Advocates Investment Management acquired a new stake in Gevo during the third quarter worth approximately $114,000. Alternative Investment Advisors LLC. bought a new stake in Gevo in the second quarter worth approximately $51,000. Finally, Point72 DIFC Ltd acquired a new position in Gevo in the second quarter valued at approximately $64,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GEVO. HC Wainwright reaffirmed a “buy” rating and set a $14.00 target price on shares of Gevo in a research report on Wednesday, November 13th. UBS Group increased their price target on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd.

Gevo Stock Up 2.9 %

Shares of NASDAQ GEVO opened at $2.10 on Friday. Gevo has a 52-week low of $0.48 and a 52-week high of $3.39. 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 company’s 50 day moving average price is $1.86 and its 200-day moving average price is $1.25. The company has a market capitalization of $502.75 million, a P/E ratio of -6.18 and a beta of 2.83.

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.