Cubist Systematic Strategies LLC Has $407,000 Stock Holdings in StealthGas, Inc. $GASS

Key Points

• Cubist Systematic Strategies LLC increased its stake in StealthGas, Inc. by 136.0% in the first quarter, owning 72,009 shares worth approximately $407,000.
• Other hedge funds have also significantly increased their positions, with Bank of America raising its stake by 701.2% during the fourth quarter.
• Wall Street Zen upgraded StealthGas from a "hold" rating to a "buy" rating, indicating positive forecasts for growth.

Cubist Systematic Strategies LLC increased its stake in shares of StealthGas, Inc. (NASDAQ:GASS - Free Report) by 136.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,009 shares of the shipping company's stock after acquiring an additional 41,497 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.19% of StealthGas worth $407,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GASS. Two Sigma Advisers LP increased its position in StealthGas by 22.5% during the fourth quarter. Two Sigma Advisers LP now owns 335,200 shares of the shipping company's stock worth $1,894,000 after acquiring an additional 61,500 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in StealthGas during the fourth quarter worth $333,000. Mraz Amerine & Associates Inc. bought a new position in StealthGas during the first quarter worth $102,000. Sowell Financial Services LLC bought a new position in StealthGas during the first quarter worth $98,000. Finally, Navellier & Associates Inc. increased its position in StealthGas by 18.5% during the first quarter. Navellier & Associates Inc. now owns 82,572 shares of the shipping company's stock worth $453,000 after acquiring an additional 12,886 shares during the period. Institutional investors own 66.32% of the company's stock.

StealthGas Stock Performance

GASS traded down $0.15 during trading on Tuesday, reaching $7.14. 94,442 shares of the company's stock were exchanged, compared to its average volume of 166,033. StealthGas, Inc. has a fifty-two week low of $4.82 and a fifty-two week high of $8.18. The company has a quick ratio of 3.73, a current ratio of 3.87 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $7.00 and a 200 day moving average price of $6.19. The company has a market capitalization of $265.32 million, a P/E ratio of 4.33 and a beta of 0.32.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of StealthGas from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th.

StealthGas Company Profile

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.