StealthGas (NASDAQ:GASS - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Friday.
StealthGas Stock Performance
Shares of NASDAQ GASS traded up $0.07 during mid-day trading on Friday, hitting $5.97. The company had a trading volume of 63,679 shares, compared to its average volume of 156,111. StealthGas has a 12 month low of $4.61 and a 12 month high of $8.84. The firm has a market cap of $215.77 million, a P/E ratio of 4.20 and a beta of 0.84. The business's 50-day simple moving average is $6.53 and its 200-day simple moving average is $6.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.25 and a quick ratio of 2.20.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Sei Investments Co. boosted its position in shares of StealthGas by 37.6% during the 2nd quarter. Sei Investments Co. now owns 26,412 shares of the shipping company's stock valued at $194,000 after acquiring an additional 7,222 shares in the last quarter. XTX Topco Ltd acquired a new stake in StealthGas during the second quarter valued at approximately $146,000. Inspire Advisors LLC boosted its holdings in StealthGas by 41.3% during the second quarter. Inspire Advisors LLC now owns 55,072 shares of the shipping company's stock valued at $405,000 after purchasing an additional 16,085 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of StealthGas by 9.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,374,210 shares of the shipping company's stock valued at $10,073,000 after purchasing an additional 123,674 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of StealthGas in the 1st quarter worth approximately $64,000. 66.32% of the stock is currently owned by institutional investors and hedge funds.
StealthGas Company Profile
(
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StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.
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