StockNews.com upgraded shares of StealthGas (NASDAQ:GASS - Free Report) from a hold rating to a buy rating in a research report released on Friday.
StealthGas Stock Down 0.2 %
GASS stock traded down $0.01 during midday trading on Friday, reaching $5.65. 75,610 shares of the company were exchanged, compared to its average volume of 137,867. 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 stock's 50-day simple moving average is $5.69 and its 200 day simple moving average is $5.90. The company has a market cap of $207.59 million, a price-to-earnings ratio of 3.19 and a beta of 0.75.
StealthGas (NASDAQ:GASS - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The shipping company reported $0.38 earnings per share for the quarter. The company 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
A number of institutional investors have recently modified their holdings of the business. DGS Capital Management LLC increased its stake in StealthGas by 12.8% in the 4th quarter. DGS Capital Management LLC now owns 21,698 shares of the shipping company's stock valued at $123,000 after buying an additional 2,461 shares during the period. Quadrature Capital Ltd increased its stake in StealthGas by 14.8% in the 3rd quarter. Quadrature Capital Ltd now owns 22,799 shares of the shipping company's stock valued at $155,000 after buying an additional 2,933 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in StealthGas by 34.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,808 shares of the shipping company's stock valued at $140,000 after buying an additional 6,299 shares during the period. Navellier & Associates Inc. increased its stake in StealthGas by 12.0% in the 4th quarter. Navellier & Associates Inc. now owns 69,686 shares of the shipping company's stock valued at $394,000 after buying an additional 7,440 shares during the period. Finally, Bank of America Corp DE increased its stake in StealthGas by 701.2% in the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company's stock valued at $58,000 after buying an additional 8,982 shares during the period. 66.32% of the stock is owned by institutional investors and hedge funds.
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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