VisionPoint Advisory Group LLC Has $65,000 Stock Position in Gevo, Inc. (NASDAQ:GEVO)

VisionPoint Advisory Group LLC lifted its stake in Gevo, Inc. (NASDAQ:GEVO) by 200.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,057 shares of the energy company’s stock after purchasing an additional 18,734 shares during the quarter. VisionPoint Advisory Group LLC’s holdings in Gevo were worth $65,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of Gevo in the 4th quarter valued at $59,000. Point72 Asset Management L.P. boosted its position in shares of Gevo by 54.2% in the 3rd 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 during the period. Ballentine Partners LLC acquired a new position in shares of Gevo in the 4th quarter valued at $54,000. Signal Advisors Wealth LLC acquired a new position in shares of Gevo in the 4th quarter valued at $34,000. Finally, Janney Montgomery Scott LLC boosted its position 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 purchasing an additional 28,000 shares during the period. Institutional investors and hedge funds own 35.17% of the company’s stock.

Gevo Stock Down 6.2 %

Shares of Gevo stock opened at $1.52 on Friday. The stock has a 50-day moving average price of $1.91 and a 200 day moving average price of $1.65. The company has a market cap of $363.90 million, a P/E ratio of -4.47 and a beta of 2.73. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. Gevo, Inc. has a 1 year low of $0.48 and a 1 year high of $3.39.

Wall Street Analyst Weigh In

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.