Janney Montgomery Scott LLC Buys 28,000 Shares of Gevo, Inc. (NASDAQ:GEVO)

Janney Montgomery Scott LLC raised its stake in shares of Gevo, Inc. (NASDAQ:GEVO) by 166.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 44,825 shares of the energy company’s stock after purchasing an additional 28,000 shares during the period. Janney Montgomery Scott LLC’s holdings in Gevo were worth $94,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Ballentine Partners LLC bought a new stake in Gevo during the fourth quarter valued at about $54,000. Signal Advisors Wealth LLC purchased a new position in shares of Gevo in the fourth quarter valued at about $34,000. International Assets Investment Management LLC purchased a new position in shares of Gevo in the fourth quarter valued at about $59,000. Point72 Asset Management L.P. lifted its position 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 acquiring an additional 812,870 shares in the last quarter. Finally, Lauterbach Financial Advisors LLC purchased a new position in shares of Gevo in the third quarter valued at about $29,000. Institutional investors own 35.17% of the company’s stock.

Gevo Price Performance

NASDAQ:GEVO opened at $1.81 on Friday. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $433.33 million, a P/E ratio of -5.32 and a beta of 2.73. Gevo, Inc. has a 12 month low of $0.48 and a 12 month high of $3.39. The business’s 50-day moving average is $1.90 and its 200 day moving average is $1.60.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GEVO shares. UBS Group boosted their price objective on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. HC Wainwright restated a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research report on Tuesday, February 4th.

Gevo 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.