Imperial Petroleum Inc. (NASDAQ:IMPP - Get Free Report) shot up 1.8% on Friday . The stock traded as high as $2.91 and last traded at $2.90. 143,443 shares were traded during mid-day trading, a decline of 63% from the average session volume of 383,573 shares. The stock had previously closed at $2.85.
Imperial Petroleum Stock Up 1.8 %
The firm has a market cap of $86.46 million, a PE ratio of 2.21 and a beta of 1.11. The stock has a 50 day moving average price of $3.27 and a two-hundred day moving average price of $3.69.
Institutional Trading of Imperial Petroleum
Several large investors have recently bought and sold shares of the stock. Marshall Wace LLP acquired a new stake in shares of Imperial Petroleum during the second quarter worth $48,000. Cubist Systematic Strategies LLC purchased a new position in Imperial Petroleum in the 2nd quarter worth $119,000. Privium Fund Management UK Ltd lifted its position in Imperial Petroleum by 95.3% during the 2nd quarter. Privium Fund Management UK Ltd now owns 89,757 shares of the company's stock worth $337,000 after acquiring an additional 43,796 shares during the period. GSA Capital Partners LLP grew its stake in Imperial Petroleum by 28.9% during the 3rd quarter. GSA Capital Partners LLP now owns 109,258 shares of the company's stock valued at $453,000 after purchasing an additional 24,501 shares during the last quarter. Finally, Towerview LLC increased its holdings in shares of Imperial Petroleum by 4.6% in the third quarter. Towerview LLC now owns 237,490 shares of the company's stock valued at $986,000 after purchasing an additional 10,390 shares during the period. Hedge funds and other institutional investors own 94.44% of the company's stock.
Imperial Petroleum Company Profile
(
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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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