StealthGas Inc. (NASDAQ:GASS - Get Free Report) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 33,500 shares, a drop of 13.4% from the January 31st total of 38,700 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 153,700 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of GASS. R Squared Ltd bought a new stake in StealthGas in the fourth quarter worth $53,000. Bank of America Corp DE grew its stake in shares of StealthGas by 701.2% in the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company's stock worth $58,000 after buying an additional 8,982 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of StealthGas in the 4th quarter worth about $61,000. Altshuler Shaham Ltd raised its position in shares of StealthGas by 5,542.0% during the 4th quarter. Altshuler Shaham Ltd now owns 14,500 shares of the shipping company's stock valued at $82,000 after buying an additional 14,243 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of StealthGas in the 4th quarter valued at about $88,000. 66.32% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of StealthGas from a "buy" rating to a "hold" rating in a report on Thursday.
Read Our Latest Stock Analysis on StealthGas
StealthGas Price Performance
Shares of GASS traded down $0.15 during midday trading on Monday, hitting $5.42. 109,877 shares of the company traded hands, compared to its average volume of 123,537. The stock has a market cap of $199.14 million, a price-to-earnings ratio of 3.06 and a beta of 0.75. The firm has a 50 day moving average of $5.72 and a 200-day moving average of $5.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.59 and a current ratio of 2.66. StealthGas has a 52 week low of $4.82 and a 52 week high of $8.84.
StealthGas (NASDAQ:GASS - Get Free Report) last posted its earnings results on Friday, February 21st. The shipping company reported $0.38 EPS for the quarter. The company had revenue of $40.25 million for the quarter. StealthGas had a return on equity of 11.36% and a net margin of 40.87%.
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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