Imperial Petroleum Inc. (NASDAQ:IMPP) is Deuterium Capital Management LLC's 5th Largest Position

Key Points

• Deuterium Capital Management LLC increased its stake in Imperial Petroleum by 11.5%, making it the fund's 5th largest position with approximately 1.55 million shares valued at around $3.8 million.
• Imperial Petroleum reported a $0.34 EPS for the last quarter and had a return on equity of 17.55% with revenue of $32.09 million.
• The stock currently has a market capitalization of $94.20 million and a P/E ratio of 2.57, with shares trading between a 1-year low of $2.12 and a high of $4.55.

Deuterium Capital Management LLC lifted its stake in Imperial Petroleum Inc. (NASDAQ:IMPP - Free Report) by 11.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,553,450 shares of the company's stock after purchasing an additional 159,680 shares during the quarter. Imperial Petroleum comprises about 8.5% of Deuterium Capital Management LLC's portfolio, making the stock its 5th largest holding. Deuterium Capital Management LLC owned about 5.21% of Imperial Petroleum worth $3,806,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Mackenzie Financial Corp acquired a new stake in Imperial Petroleum during the fourth quarter worth about $35,000. Walleye Capital LLC purchased a new position in shares of Imperial Petroleum in the fourth quarter valued at approximately $75,000. PEAK6 LLC acquired a new stake in Imperial Petroleum in the fourth quarter valued at approximately $104,000. Squarepoint Ops LLC acquired a new stake in Imperial Petroleum during the fourth quarter worth approximately $147,000. Finally, Bank of America Corp DE grew its position in shares of Imperial Petroleum by 36.2% during the fourth quarter. Bank of America Corp DE now owns 55,785 shares of the company's stock worth $168,000 after acquiring an additional 14,822 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Imperial Petroleum Stock Performance

Shares of IMPP opened at $3.16 on Tuesday. The stock has a market capitalization of $94.20 million, a P/E ratio of 2.57 and a beta of 1.13. Imperial Petroleum Inc. has a 1 year low of $2.12 and a 1 year high of $4.55. The company's fifty day moving average is $3.09 and its two-hundred day moving average is $2.79.

Imperial Petroleum (NASDAQ:IMPP - Get Free Report) last released its earnings results on Friday, May 23rd. The company reported $0.34 EPS for the quarter. Imperial Petroleum had a return on equity of 17.55% and a net margin of 32.37%. The company had revenue of $32.09 million during the quarter.

Imperial Petroleum Company Profile

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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