Deuterium Capital Management LLC Raises Holdings in Imperial Petroleum Inc. (NASDAQ:IMPP)

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 position in Imperial Petroleum Inc. (NASDAQ:IMPP - Free Report) by 11.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,553,450 shares of the company's stock after purchasing an additional 159,680 shares during the quarter. Imperial Petroleum comprises approximately 8.5% of Deuterium Capital Management LLC's portfolio, making the stock its 5th largest holding. Deuterium Capital Management LLC owned approximately 5.21% of Imperial Petroleum worth $3,806,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IMPP. Mackenzie Financial Corp purchased a new position in shares of Imperial Petroleum during the 4th quarter valued at about $35,000. Walleye Capital LLC purchased a new stake in shares of Imperial Petroleum in the 4th quarter valued at $75,000. PEAK6 LLC purchased a new stake in shares of Imperial Petroleum in the 4th quarter valued at $104,000. Squarepoint Ops LLC purchased a new stake in shares of Imperial Petroleum in the 4th quarter valued at $147,000. Finally, Bank of America Corp DE boosted its stake in shares of Imperial Petroleum by 36.2% in the 4th quarter. Bank of America Corp DE now owns 55,785 shares of the company's stock valued at $168,000 after purchasing an additional 14,822 shares in the last quarter. Institutional investors own 94.44% of the company's stock.

Imperial Petroleum Stock Down 0.5%

Shares of Imperial Petroleum stock traded down $0.02 during trading on Friday, reaching $3.06. The company's stock had a trading volume of 200,945 shares, compared to its average volume of 211,508. The firm's 50-day moving average is $3.13 and its two-hundred day moving average is $2.80. Imperial Petroleum Inc. has a 52-week low of $2.12 and a 52-week high of $4.55. The company has a market cap of $91.07 million, a price-to-earnings ratio of 2.48 and a beta of 1.13.

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

About Imperial Petroleum

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.