Gevo, Inc. (NASDAQ:GEVO) Stock Position Raised by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC raised its position in shares of Gevo, Inc. (NASDAQ:GEVO) by 200.9% in the fourth quarter, Holdings Channel reports. The firm owned 28,057 shares of the energy company’s stock after buying an additional 18,734 shares during the period. VisionPoint Advisory Group LLC’s holdings in Gevo were worth $65,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GEVO. Point72 Asset Management L.P. raised its stake in shares of Gevo by 54.2% during 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. Financial Advocates Investment Management purchased a new stake in shares of Gevo during the 3rd quarter worth about $114,000. Centerpoint Advisory Group bought a new position in shares of Gevo in the 4th quarter valued at approximately $75,000. Janney Montgomery Scott LLC raised its stake 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 acquiring an additional 28,000 shares in the last quarter. Finally, Ballentine Partners LLC bought a new position in shares of Gevo in the 4th quarter valued at approximately $54,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

Gevo Stock Down 6.2 %

Shares of GEVO stock opened at $1.52 on Friday. The stock’s 50 day simple moving average is $1.91 and its 200 day simple moving average is $1.65. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. Gevo, Inc. has a twelve month low of $0.48 and a twelve month high of $3.39. The company has a market capitalization of $363.90 million, a price-to-earnings ratio of -4.47 and a beta of 2.73.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research note on Tuesday, February 4th.

About Gevo

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.