Numerai GP LLC Has $3.11 Million Stake in Ardmore Shipping Co. (NYSE:ASC)

Numerai GP LLC increased its position in Ardmore Shipping Co. (NYSE:ASC - Free Report) by 241.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 256,128 shares of the shipping company's stock after purchasing an additional 181,100 shares during the quarter. Ardmore Shipping makes up 0.9% of Numerai GP LLC's holdings, making the stock its 11th largest position. Numerai GP LLC owned about 0.61% of Ardmore Shipping worth $3,112,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Ardmore Shipping by 261.1% during the fourth quarter. GAMMA Investing LLC now owns 2,116 shares of the shipping company's stock worth $26,000 after acquiring an additional 1,530 shares during the period. Signaturefd LLC lifted its holdings in Ardmore Shipping by 63.3% during the 4th quarter. Signaturefd LLC now owns 2,371 shares of the shipping company's stock worth $29,000 after purchasing an additional 919 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Ardmore Shipping by 302.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,519 shares of the shipping company's stock valued at $31,000 after purchasing an additional 1,893 shares during the period. Lazard Asset Management LLC acquired a new position in Ardmore Shipping in the 4th quarter valued at $36,000. Finally, Quarry LP increased its position in Ardmore Shipping by 37.4% during the 4th quarter. Quarry LP now owns 4,890 shares of the shipping company's stock worth $59,000 after buying an additional 1,332 shares during the period. 62.22% of the stock is currently owned by institutional investors and hedge funds.

Ardmore Shipping Price Performance

ASC traded up $0.13 on Friday, hitting $10.05. 561,612 shares of the stock were exchanged, compared to its average volume of 694,586. The firm has a market capitalization of $408.15 million, a price-to-earnings ratio of 3.28 and a beta of -0.02. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.24 and a quick ratio of 3.86. Ardmore Shipping Co. has a 12 month low of $8.32 and a 12 month high of $23.44. The business has a 50-day moving average of $9.57 and a two-hundred day moving average of $10.93.

Ardmore Shipping (NYSE:ASC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The shipping company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Ardmore Shipping had a return on equity of 20.48% and a net margin of 32.78%. The firm had revenue of $74.00 million for the quarter, compared to analyst estimates of $43.04 million. During the same quarter in the prior year, the business posted $0.92 EPS. The business's revenue was down 30.4% on a year-over-year basis. Sell-side analysts forecast that Ardmore Shipping Co. will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ASC shares. Evercore ISI reduced their target price on shares of Ardmore Shipping from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Stifel Nicolaus cut their price objective on shares of Ardmore Shipping from $13.00 to $11.00 and set a "hold" rating for the company in a report on Friday, February 14th. Jefferies Financial Group reaffirmed a "buy" rating and set a $17.00 target price on shares of Ardmore Shipping in a report on Thursday, February 13th. Finally, Fearnley Fonds upgraded shares of Ardmore Shipping from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $13.67.

Ardmore Shipping Profile

Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and four chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers.