Gevo, Inc. (NASDAQ:GEVO) Director Andrew Marsh Sells 41,904 Shares of Stock

Gevo, Inc. (NASDAQ:GEVOGet Rating) Director Andrew Marsh sold 41,904 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $2.04, for a total transaction of $85,484.16. Following the sale, the director now directly owns 203,562 shares of the company’s stock, valued at approximately $415,266.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Gevo Trading Down 0.5 %

Shares of GEVO stock traded down $0.01 on Thursday, hitting $2.10. 3,897,465 shares of the stock traded hands, compared to its average volume of 7,562,362. The firm’s 50-day moving average price is $2.27 and its two-hundred day moving average price is $2.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 24.25 and a current ratio of 24.49. The stock has a market capitalization of $498.16 million, a PE ratio of -5.12 and a beta of 3.10. Gevo, Inc. has a twelve month low of $1.80 and a twelve month high of $6.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp lifted its position in Gevo by 48.2% in the second quarter. State Street Corp now owns 35,309,857 shares of the energy company’s stock valued at $82,978,000 after buying an additional 11,479,096 shares during the last quarter. Two Sigma Investments LP lifted its position in Gevo by 1,276.8% in the third quarter. Two Sigma Investments LP now owns 3,854,576 shares of the energy company’s stock valued at $8,788,000 after buying an additional 3,574,604 shares during the last quarter. Millennium Management LLC lifted its position in Gevo by 1,360.0% in the second quarter. Millennium Management LLC now owns 3,114,027 shares of the energy company’s stock valued at $7,318,000 after buying an additional 2,900,744 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Gevo in the third quarter valued at about $4,875,000. Finally, Rafferty Asset Management LLC lifted its position in Gevo by 112.8% in the second quarter. Rafferty Asset Management LLC now owns 3,461,757 shares of the energy company’s stock valued at $8,135,000 after buying an additional 1,834,887 shares during the last quarter. Institutional investors and hedge funds own 49.47% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group initiated coverage on shares of Gevo in a report on Wednesday, October 19th. They set a “hold” rating and a $2.30 target price for the company.

Gevo Company Profile

(Get Rating)

Gevo, Inc operates as a renewable fuels company. It operates through four segments: Gevo, Agri-Energy, Renewable Natural Gas, and Net-Zero. The company commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives.

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