Point72 Asia Singapore Pte. Ltd. Acquires New Position in Gevo, Inc. (NASDAQ:GEVO)

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Gevo, Inc. (NASDAQ:GEVO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 529,046 shares of the energy company's stock, valued at approximately $295,000. Point72 Asia Singapore Pte. Ltd. owned about 0.22% of Gevo at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GEVO. Bayesian Capital Management LP bought a new stake in shares of Gevo during the 1st quarter worth $27,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Gevo during the first quarter worth $38,000. Paloma Partners Management Co acquired a new stake in Gevo during the 1st quarter worth about $74,000. Point72 DIFC Ltd bought a new stake in Gevo in the second quarter worth approximately $64,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Gevo in the 1st quarter valued at $89,000. Institutional investors own 35.17% of the company's stock.

Gevo Stock Up 17.1 %

Shares of Gevo stock traded up $0.25 on Friday, hitting $1.71. The company had a trading volume of 10,840,441 shares, compared to its average volume of 5,212,831. The stock has a market capitalization of $409.49 million, a price-to-earnings ratio of -5.55 and a beta of 2.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22. Gevo, Inc. has a 1 year low of $0.48 and a 1 year high of $1.83. The stock has a 50 day moving average of $0.83 and a 200-day moving average of $0.72.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. The business had revenue of $5.26 million for the quarter, compared to analysts' expectations of $3.93 million. During the same period last year, the business earned ($0.06) EPS. As a group, sell-side analysts forecast that Gevo, Inc. will post -0.34 earnings per share for the current year.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $14.00 target price on shares of Gevo in a research report on Friday, September 13th.

Insider Activity at Gevo

In other Gevo news, CFO L Lynn Smull sold 69,738 shares of the company'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 $53,000.88. Following the completion of the sale, the chief financial officer now directly owns 1,169,602 shares of the company's stock, valued at approximately $888,897.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO L Lynn Smull sold 69,738 shares of Gevo stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $53,000.88. Following the sale, the chief financial officer now directly owns 1,169,602 shares in the company, valued at $888,897.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick R. Gruber sold 164,428 shares of the company's stock in a transaction on 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 transaction, the chief executive officer now 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. Insiders have sold 759,600 shares of company stock valued at $486,431 over the last ninety days. Corporate insiders own 4.00% 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.