First Affirmative Financial Network Sells 11,500 Shares of Gevo, Inc. (NASDAQ:GEVO)

First Affirmative Financial Network lowered its stake in Gevo, Inc. (NASDAQ:GEVO) by 35.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,122 shares of the energy company’s stock after selling 11,500 shares during the quarter. First Affirmative Financial Network’s holdings in Gevo were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its holdings in Gevo by 166.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company’s stock worth $94,000 after acquiring an additional 28,000 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of Gevo during the 4th quarter valued at $54,000. Signal Advisors Wealth LLC bought a new position in Gevo in the 4th quarter worth $34,000. International Assets Investment Management LLC purchased a new position in shares of Gevo in the fourth quarter valued at about $59,000. Finally, Point72 Asset Management L.P. lifted its holdings in 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 purchasing an additional 812,870 shares in the last quarter. 35.17% of the stock is owned by hedge funds and other institutional investors.

Gevo Trading Down 0.6 %

GEVO opened at $1.77 on Friday. 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 stock’s 50 day moving average price is $1.85 and its 200-day moving average price is $1.52. Gevo, Inc. has a one year low of $0.48 and a one year high of $3.39. The stock has a market cap of $423.75 million, a price-to-earnings ratio of -5.21 and a beta of 2.77.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The company had revenue of $1.97 million for the quarter, compared to the consensus estimate of $6.08 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. During the same quarter in the prior year, the company posted ($0.07) EPS. On average, equities analysts forecast that Gevo, Inc. will post -0.32 EPS for the current year.

Insider Activity at Gevo

In other Gevo news, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction 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 completion of the sale, the insider now directly owns 332,430 shares of the company’s stock, valued at $787,859.10. The trade was a 7.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on GEVO shares. UBS Group boosted their price target on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. HC Wainwright restated a “buy” rating and issued a $14.00 price target on shares of Gevo in a research report on Wednesday, November 13th.

Gevo 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.