Nwam LLC decreased its stake in StealthGas Inc. (NASDAQ:GASS) by 25.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,150 shares of the shipping company’s stock after selling 10,450 shares during the quarter. Nwam LLC’s holdings in StealthGas were worth $109,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Millennium Management LLC purchased a new stake in shares of StealthGas during the fourth quarter worth about $41,000. Geode Capital Management LLC grew its position in shares of StealthGas by 71.5% during the fourth quarter. Geode Capital Management LLC now owns 29,544 shares of the shipping company’s stock worth $81,000 after purchasing an additional 12,321 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of StealthGas during the fourth quarter worth about $592,000. Towerview LLC grew its position in shares of StealthGas by 34.7% during the fourth quarter. Towerview LLC now owns 485,000 shares of the shipping company’s stock worth $1,339,000 after purchasing an additional 125,000 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of StealthGas by 1.9% during the third quarter. Renaissance Technologies LLC now owns 1,922,000 shares of the shipping company’s stock worth $6,842,000 after purchasing an additional 35,312 shares in the last quarter. Institutional investors and hedge funds own 60.39% of the company’s stock.
In other news, major shareholder Glendon Capital Management Lp purchased 60,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was bought at an average cost of $3.37 per share, with a total value of $203,885.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Opportunities Fund L. Glendon purchased 422,065 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were purchased at an average cost of $3.30 per share, with a total value of $1,392,814.50. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 611,246 shares of company stock valued at $2,013,337.
Several research firms recently issued reports on GASS. Maxim Group reiterated a “buy” rating and set a $5.50 target price on shares of StealthGas in a research report on Wednesday, March 27th. Zacks Investment Research upgraded StealthGas from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a research report on Friday, February 1st. Finally, ValuEngine cut StealthGas from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th.
Shares of StealthGas stock opened at $3.47 on Friday. StealthGas Inc. has a 12 month low of $2.73 and a 12 month high of $4.25. The company has a market cap of $138.32 million, a P/E ratio of 344.00 and a beta of 1.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.07 and a quick ratio of 1.02.
StealthGas (NASDAQ:GASS) last announced its quarterly earnings results on Thursday, February 21st. The shipping company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). StealthGas had a negative net margin of 7.47% and a positive return on equity of 0.03%. The firm had revenue of $34.02 million for the quarter, compared to the consensus estimate of $35.61 million. Research analysts predict that StealthGas Inc. will post 0.17 earnings per share for the current year.
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StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. It also provides crude oil and product carriers chartered to oil producers, refiners, and commodities traders. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.
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