StealthGas (NASDAQ:GASS - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Thursday.
StealthGas Price Performance
Shares of StealthGas stock traded down $0.15 during trading on Thursday, reaching $5.42. 109,877 shares of the company's stock were exchanged, compared to its average volume of 123,537. The company has a market cap of $199.14 million, a P/E ratio of 3.06 and a beta of 0.75. 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 1-year low of $4.82 and a 1-year high of $8.84. The firm's 50-day moving average price is $5.72 and its 200 day moving average price is $5.91.
StealthGas (NASDAQ:GASS - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The shipping company reported $0.38 earnings per share (EPS) for the quarter. The firm had revenue of $40.25 million for the quarter. StealthGas had a net margin of 40.87% and a return on equity of 11.36%.
Hedge Funds Weigh In On StealthGas
Several large investors have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in StealthGas in the fourth quarter valued at approximately $333,000. Squarepoint Ops LLC boosted its holdings in shares of StealthGas by 32.3% during the fourth quarter. Squarepoint Ops LLC now owns 52,348 shares of the shipping company's stock worth $296,000 after purchasing an additional 12,777 shares during the period. Two Sigma Advisers LP increased its stake in shares of StealthGas by 22.5% during the fourth quarter. Two Sigma Advisers LP now owns 335,200 shares of the shipping company's stock valued at $1,894,000 after buying an additional 61,500 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of StealthGas in the 4th quarter worth about $61,000. Finally, Bank of America Corp DE grew its holdings in shares of StealthGas by 701.2% during the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company's stock worth $58,000 after acquiring an additional 8,982 shares during the period. Hedge funds and other institutional investors own 66.32% of the company's stock.
About StealthGas
(
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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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