StealthGas Inc. (NASDAQ:GASS - Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 23,200 shares, a drop of 66.1% from the March 15th total of 68,500 shares. Based on an average daily trading volume, of 108,900 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company's shares are sold short.
Institutional Investors Weigh In On StealthGas
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in shares of StealthGas during the 4th quarter worth about $53,000. Bank of America Corp DE grew its holdings in StealthGas by 701.2% during the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company's stock valued at $58,000 after purchasing an additional 8,982 shares during the period. Lazard Asset Management LLC acquired a new position in StealthGas during the fourth quarter valued at approximately $61,000. Altshuler Shaham Ltd increased its stake in StealthGas by 5,542.0% in the fourth quarter. Altshuler Shaham Ltd now owns 14,500 shares of the shipping company's stock valued at $82,000 after purchasing an additional 14,243 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in StealthGas in the fourth quarter worth $88,000. Institutional investors own 66.32% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com raised StealthGas from a "hold" rating to a "buy" rating in a research note on Friday, March 14th.
Get Our Latest Stock Analysis on GASS
StealthGas Trading Up 1.0 %
Shares of NASDAQ GASS traded up $0.05 during mid-day trading on Friday, hitting $5.14. The company's stock had a trading volume of 32,366 shares, compared to its average volume of 135,490. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.66 and a quick ratio of 2.59. The stock has a market cap of $188.85 million, a price-to-earnings ratio of 2.90 and a beta of 0.54. The company's fifty day simple moving average is $5.54 and its 200-day simple moving average is $5.72. StealthGas has a one year low of $4.82 and a one year high of $8.84.
StealthGas (NASDAQ:GASS - Get Free Report) last released its earnings results on Friday, February 21st. The shipping company reported $0.38 EPS for the quarter. The firm had revenue of $40.25 million during the quarter. StealthGas had a net margin of 40.87% and a return on equity of 11.36%.
About StealthGas
(
Get Free Report)
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.
Recommended Stories
Before you consider StealthGas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and StealthGas wasn't on the list.
While StealthGas currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
