J. Derek Lewis & Associates Inc. Takes $870,000 Position in Gevo, Inc. $GEVO

J. Derek Lewis & Associates Inc. purchased a new position in shares of Gevo, Inc. (NASDAQ:GEVO) during the fourth quarter, Holdings Channel.com reports. The fund purchased 435,000 shares of the energy company’s stock, valued at approximately $870,000.

Several other hedge funds have also made changes to their positions in GEVO. Key Client Fiduciary Advisors LLC acquired a new position in Gevo during the 4th quarter valued at approximately $25,000. Berger Financial Group Inc acquired a new stake in Gevo in the fourth quarter worth $26,000. Franklin Resources Inc. bought a new stake in Gevo in the fourth quarter valued at $28,000. Mackenzie Financial Corp acquired a new position in shares of Gevo during the third quarter valued at $29,000. Finally, Cibc World Markets Corp bought a new position in shares of Gevo during the fourth quarter worth about $31,000. Institutional investors own 35.17% of the company’s stock.

Insider Activity

In other news, COO Christopher Michael Ryan sold 100,000 shares of the company’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $2.76, for a total value of $276,000.00. Following the completion of the sale, the chief operating officer owned 1,431,938 shares in the company, valued at $3,952,148.88. This represents a 6.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Paul D. Bloom sold 75,735 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1.76, for a total value of $133,293.60. Following the transaction, the chief executive officer directly owned 1,518,588 shares of the company’s stock, valued at $2,672,714.88. This represents a 4.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 900,709 shares of company stock worth $1,615,651 in the last quarter. 7.09% of the stock is currently owned by corporate insiders.

Gevo Stock Performance

Shares of GEVO opened at $1.54 on Friday. The firm has a market capitalization of $374.85 million, a PE ratio of -11.85 and a beta of 0.99. The company has a quick ratio of 3.51, a current ratio of 4.31 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $1.75 and a 200 day moving average price of $1.98. Gevo, Inc. has a 52-week low of $1.12 and a 52-week high of $2.97.

Gevo (NASDAQ:GEVO) last released its quarterly earnings results on Thursday, May 7th. The energy company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The company had revenue of $42.95 million for the quarter, compared to the consensus estimate of $44.90 million. Gevo had a negative return on equity of 5.06% and a negative net margin of 19.38%. On average, sell-side analysts anticipate that Gevo, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on GEVO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a report on Tuesday, April 21st. HC Wainwright restated a “buy” rating on shares of Gevo in a research note on Tuesday, May 26th. Northland Securities set a $3.50 price target on Gevo and gave the company an “outperform” rating in a report on Thursday, April 16th. Zacks Research lowered Gevo from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Finally, Wall Street Zen cut Gevo from a “hold” rating to a “strong sell” rating in a research report on Sunday, May 10th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.75.

About Gevo

Gevo, Inc (NASDAQ: GEVO) is a renewable chemicals and biofuels company that develops and produces low-carbon alternatives to petroleum-based products. The company’s core technology platform converts fermentable sugars into isobutanol, which can be further processed into sustainable aviation fuel (SAF), renewable gasoline, diesel, and jet fuel. Gevo’s integrated biorefinery model combines fermentation, recovery, and downstream processing to deliver scalable, drop-in replacements for conventional fossil-derived hydrocarbons.

Gevo’s primary products include isobutanol, a four-carbon alcohol used as a building block for various fuels and chemicals, and hydrocarbon fuels that meet ASTM specifications for aviation and road transport.