Gevo, Inc. (NASDAQ:GEVO) Shares Sold by RBF Capital LLC

RBF Capital LLC reduced its position in Gevo, Inc. (NASDAQ:GEVO - Free Report) by 70.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 200,000 shares of the energy company's stock after selling 474,286 shares during the period. RBF Capital LLC owned 0.08% of Gevo worth $326,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GEVO. Lauterbach Financial Advisors LLC acquired a new stake in Gevo during the 3rd quarter worth $29,000. Financial Advocates Investment Management purchased a new stake in shares of Gevo in the third quarter valued at about $114,000. Alternative Investment Advisors LLC. acquired a new stake in shares of Gevo during the second quarter worth about $51,000. Point72 DIFC Ltd purchased a new position in shares of Gevo during the second quarter worth about $64,000. Finally, XTX Topco Ltd increased its position in Gevo by 61.8% in the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company's stock valued at $74,000 after acquiring an additional 51,057 shares during the period. 35.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on GEVO. HC Wainwright reiterated a "buy" rating and issued a $14.00 target price on shares of Gevo in a research note on Wednesday, November 13th. UBS Group lifted their price objective on shares of Gevo from $0.85 to $3.25 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd.

Insiders Place Their Bets

In other news, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the completion of the sale, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. This trade represents a 7.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Bloom sold 16,000 shares of the business'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 sale, the insider now directly owns 947,882 shares in the company, valued at $2,900,518.92. This trade represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Gevo Stock Performance

NASDAQ GEVO traded up $0.02 during trading hours on Friday, hitting $1.55. 2,331,863 shares of the stock were exchanged, compared to its average volume of 5,823,666. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The company has a market cap of $371.09 million, a price-to-earnings ratio of -4.56 and a beta of 2.83. Gevo, Inc. has a 12-month low of $0.48 and a 12-month high of $3.39. The stock has a 50-day moving average of $1.96 and a 200 day moving average of $1.17.

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.