Towerview LLC raised its holdings in shares of Imperial Petroleum Inc. (NASDAQ:IMPP - Free Report) by 51.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 360,000 shares of the company's stock after acquiring an additional 122,510 shares during the quarter. Imperial Petroleum makes up 0.8% of Towerview LLC's investment portfolio, making the stock its 13th largest holding. Towerview LLC owned 1.21% of Imperial Petroleum worth $1,084,000 as of its most recent SEC filing.
Separately, Wexford Capital LP increased its stake in shares of Imperial Petroleum by 41.8% in the third quarter. Wexford Capital LP now owns 312,201 shares of the company's stock worth $1,296,000 after acquiring an additional 92,105 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.
Imperial Petroleum Stock Performance
Shares of NASDAQ:IMPP traded down $0.05 during midday trading on Monday, hitting $2.45. 244,546 shares of the stock were exchanged, compared to its average volume of 275,126. The business's fifty day simple moving average is $2.94 and its two-hundred day simple moving average is $3.42. Imperial Petroleum Inc. has a 52-week low of $2.40 and a 52-week high of $4.59. The company has a market capitalization of $73.04 million, a PE ratio of 1.71 and a beta of 1.10.
Imperial Petroleum (NASDAQ:IMPP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.12 earnings per share for the quarter. The company had revenue of $26.21 million during the quarter. Imperial Petroleum had a return on equity of 17.50% and a net margin of 34.01%.
About Imperial Petroleum
(
Free Report)
Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.
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