Gevo Sees Unusually High Options Volume (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO) was the recipient of some unusual options trading activity on Thursday. Stock investors acquired 12,387 call options on the stock. This is an increase of approximately 240% compared to the typical daily volume of 3,647 call options.

Insider Activity at Gevo

In related news, insider Andrew Shafer sold 26,911 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the transaction, the insider now directly owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. This trade represents a 7.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Bloom sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the sale, the insider now directly owns 947,882 shares of the company’s stock, valued at $2,900,518.92. The trade was a 1.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

A number of hedge funds have recently made changes to their positions in GEVO. Millennium Management LLC acquired a new stake in shares of Gevo during the 2nd quarter worth about $2,888,000. Point72 Asset Management L.P. increased its stake in shares of Gevo by 54.2% in 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 buying an additional 812,870 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Gevo during the second quarter valued at approximately $295,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Gevo in the second quarter valued at approximately $112,000. Finally, Point72 DIFC Ltd bought a new position in Gevo in the 2nd quarter valued at $64,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GEVO. UBS Group lifted their price objective on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. HC Wainwright reissued a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research report on Wednesday, November 13th.

Gevo Stock Performance

Shares of GEVO stock traded up $0.48 during mid-day trading on Thursday, reaching $1.99. The stock had a trading volume of 19,242,071 shares, compared to its average volume of 5,755,698. The firm has a market cap of $476.37 million, a PE ratio of -5.85 and a beta of 2.83. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. Gevo has a one year low of $0.48 and a one year high of $3.39. The firm’s 50 day simple moving average is $1.87 and its 200 day simple moving average is $1.25.

Gevo Company 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.