Cubist Systematic Strategies LLC Grows 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 raised its stake in StealthGas, Inc. (NASDAQ:GASS - Free Report) by 136.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,009 shares of the shipping company's stock after purchasing an additional 41,497 shares during the quarter. Cubist Systematic Strategies LLC owned 0.19% of StealthGas worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GASS. Bank of America Corp DE grew its holdings in shares of StealthGas by 701.2% in the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company's stock valued at $58,000 after acquiring an additional 8,982 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of StealthGas in the fourth quarter valued at approximately $61,000. Jump Financial LLC bought a new position in shares of StealthGas in the first quarter valued at approximately $63,000. Sowell Financial Services LLC bought a new position in shares of StealthGas in the first quarter valued at approximately $98,000. Finally, Mraz Amerine & Associates Inc. bought a new position in StealthGas during the first quarter valued at $102,000. 66.32% of the stock is owned by hedge funds and other institutional investors.

StealthGas Price Performance

Shares of StealthGas stock remained flat at $7.30 during trading hours on Friday. The stock had a trading volume of 57,854 shares, compared to its average volume of 169,770. StealthGas, Inc. has a 52-week low of $4.82 and a 52-week high of $8.18. The business has a 50 day moving average price of $6.98 and a two-hundred day moving average price of $6.16. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.73 and a current ratio of 3.87. The company has a market cap of $271.27 million, a price-to-earnings ratio of 4.42 and a beta of 0.32.

Analyst Ratings Changes

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

About StealthGas

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.