Cubist Systematic Strategies LLC Has $278,000 Stake in StealthGas Inc. (NASDAQ:GASS)

Cubist Systematic Strategies LLC cut its position in StealthGas Inc. (NASDAQ:GASS - Free Report) by 65.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,771 shares of the shipping company's stock after selling 72,505 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.10% of StealthGas worth $278,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Sei Investments Co. boosted its position in shares of StealthGas by 37.6% in the 2nd quarter. Sei Investments Co. now owns 26,412 shares of the shipping company's stock worth $194,000 after buying an additional 7,222 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of StealthGas during the 2nd quarter valued at approximately $146,000. Inspire Advisors LLC increased its position in StealthGas by 41.3% in the second quarter. Inspire Advisors LLC now owns 55,072 shares of the shipping company's stock worth $405,000 after buying an additional 16,085 shares during the period. Acadian Asset Management LLC boosted its position in StealthGas by 9.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,374,210 shares of the shipping company's stock worth $10,073,000 after acquiring an additional 123,674 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of StealthGas during the 1st quarter valued at $64,000. 66.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered StealthGas from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 15th.

StealthGas Stock Performance

Shares of GASS traded down $0.07 during mid-day trading on Friday, hitting $7.09. The company's stock had a trading volume of 95,259 shares, compared to its average volume of 153,931. The stock's 50-day moving average is $6.34 and its two-hundred day moving average is $6.67. The firm has a market capitalization of $256.25 million, a PE ratio of 4.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.43 and a current ratio of 2.50. StealthGas Inc. has a one year low of $4.78 and a one year high of $8.84.

StealthGas (NASDAQ:GASS - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The shipping company reported $0.70 EPS for the quarter. The firm had revenue of $39.12 million for the quarter. StealthGas had a return on equity of 11.63% and a net margin of 44.79%.

About StealthGas

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.