Deuterium Capital Management LLC increased its holdings in Imperial Petroleum Inc. (NASDAQ:IMPP - Free Report) by 43.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,393,770 shares of the company's stock after acquiring an additional 423,183 shares during the period. Imperial Petroleum comprises about 11.0% of Deuterium Capital Management LLC's holdings, making the stock its 4th largest holding. Deuterium Capital Management LLC owned approximately 4.68% of Imperial Petroleum worth $4,195,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of IMPP. GSA Capital Partners LLP lifted its stake in Imperial Petroleum by 28.9% in the 3rd quarter. GSA Capital Partners LLP now owns 109,258 shares of the company's stock worth $453,000 after acquiring an additional 24,501 shares in the last quarter. Towerview LLC lifted its stake in Imperial Petroleum by 4.6% in the 3rd quarter. Towerview LLC now owns 237,490 shares of the company's stock worth $986,000 after acquiring an additional 10,390 shares in the last quarter. Finally, Wexford Capital LP raised its stake in shares of Imperial Petroleum by 41.8% during the 3rd quarter. Wexford Capital LP now owns 312,201 shares of the company's stock worth $1,296,000 after purchasing an additional 92,105 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.
Imperial Petroleum Stock Up 0.4 %
Shares of IMPP traded up $0.01 during midday trading on Friday, reaching $2.39. 96,299 shares of the stock were exchanged, compared to its average volume of 263,530. Imperial Petroleum Inc. has a 12-month low of $2.34 and a 12-month high of $4.59. The firm has a 50 day simple moving average of $2.90 and a 200-day simple moving average of $3.39. The company has a market cap of $71.25 million, a price-to-earnings ratio of 1.67 and a beta of 1.13.
Imperial Petroleum (NASDAQ:IMPP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.12 earnings per share for the quarter. Imperial Petroleum had a return on equity of 17.50% and a net margin of 34.01%. The company had revenue of $26.21 million during the quarter.
Imperial Petroleum Company Profile
(
Free Report)
Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.
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