SBI Securities Co. Ltd. bought a new position in shares of Gevo, Inc. (NASDAQ:GEVO - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 223,730 shares of the energy company's stock, valued at approximately $468,000. SBI Securities Co. Ltd. owned 0.09% of Gevo as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in GEVO. International Assets Investment Management LLC acquired a new stake in Gevo in the 4th quarter valued at about $59,000. Point72 Asset Management L.P. raised its holdings in Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company's stock valued at $3,770,000 after acquiring an additional 812,870 shares in the last quarter. Ballentine Partners LLC purchased a new position in Gevo in the fourth quarter worth approximately $54,000. Signal Advisors Wealth LLC acquired a new position in Gevo during the 4th quarter worth approximately $34,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Gevo by 166.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company's stock valued at $94,000 after purchasing an additional 28,000 shares during the last quarter. 35.17% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reissued a "buy" rating and issued a $14.00 target price on shares of Gevo in a report on Tuesday, February 4th.
Check Out Our Latest Analysis on Gevo
Gevo Stock Performance
NASDAQ GEVO traded up $0.05 during trading hours on Friday, hitting $1.30. The company had a trading volume of 5,100,236 shares, compared to its average volume of 6,491,341. Gevo, Inc. has a 1-year low of $0.48 and a 1-year 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 has a market cap of $311.23 million, a PE ratio of -3.82 and a beta of 2.72. The business has a 50 day moving average of $1.87 and a 200-day moving average of $1.69.
Gevo Company Profile
(
Free Report)
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.
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