Financial Advocates Investment Management Has $188,000 Holdings in Gevo, Inc. (NASDAQ:GEVO)

Financial Advocates Investment Management increased its position in shares of Gevo, Inc. (NASDAQ:GEVO) by 28.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,000 shares of the energy company’s stock after acquiring an additional 19,980 shares during the quarter. Financial Advocates Investment Management’s holdings in Gevo were worth $188,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Millennium Management LLC purchased a new position in Gevo during the second quarter valued at approximately $2,888,000. Cubist Systematic Strategies LLC purchased a new position in Gevo during the second quarter valued at approximately $112,000. Lauterbach Financial Advisors LLC purchased a new position in Gevo during the third quarter valued at approximately $29,000. Point72 Asset Management L.P. grew its position in Gevo by 54.2% during 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 purchasing an additional 812,870 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Gevo during the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

Gevo Stock Performance

GEVO stock opened at $1.77 on Tuesday. 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 capitalization of $423.76 million, a price-to-earnings ratio of -5.21 and a beta of 2.73. Gevo, Inc. has a 12 month low of $0.48 and a 12 month high of $3.39. The firm has a 50 day moving average of $1.88 and a two-hundred day moving average of $1.59.

Analysts Set New Price Targets

A number of brokerages recently commented on GEVO. HC Wainwright reaffirmed a “buy” rating and set a $14.00 price objective on shares of Gevo in a research report on Tuesday, February 4th. UBS Group boosted their target price on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

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.