Towerview LLC Has $16.74 Million Stock Holdings in StealthGas Inc. (NASDAQ:GASS)

Towerview LLC lifted its position in shares of StealthGas Inc. (NASDAQ:GASS - Free Report) by 10.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,457,500 shares of the shipping company's stock after purchasing an additional 222,500 shares during the quarter. StealthGas comprises 10.8% of Towerview LLC's investment portfolio, making the stock its 2nd biggest holding. Towerview LLC owned approximately 6.69% of StealthGas worth $16,736,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GASS. Acadian Asset Management LLC lifted its holdings in shares of StealthGas by 17.8% during the first quarter. Acadian Asset Management LLC now owns 1,250,536 shares of the shipping company's stock valued at $7,403,000 after purchasing an additional 189,157 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of StealthGas by 9.0% during the first quarter. Janney Montgomery Scott LLC now owns 97,163 shares of the shipping company's stock valued at $577,000 after acquiring an additional 8,054 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of StealthGas in the 1st quarter worth about $62,000. Russell Investments Group Ltd. boosted its stake in StealthGas by 21.0% in the 1st quarter. Russell Investments Group Ltd. now owns 54,736 shares of the shipping company's stock worth $325,000 after purchasing an additional 9,512 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in StealthGas in the 2nd quarter worth about $504,000. 66.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

StealthGas Stock Down 1.5 %

GASS stock traded down $0.09 during midday trading on Thursday, hitting $5.92. The company's stock had a trading volume of 74,284 shares, compared to its average volume of 151,195. The firm's 50-day moving average is $6.47 and its 200-day moving average is $6.72. The company has a current ratio of 2.50, a quick ratio of 2.43 and a debt-to-equity ratio of 0.17. StealthGas Inc. has a 12 month low of $5.33 and a 12 month high of $8.84. The company has a market cap of $217.50 million, a PE ratio of 3.20 and a beta of 0.83.

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

StealthGas Profile

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.