Two Sigma Advisers LP raised its holdings in shares of StealthGas Inc. (NASDAQ:GASS - Free Report) by 22.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 335,200 shares of the shipping company's stock after acquiring an additional 61,500 shares during the quarter. Two Sigma Advisers LP owned approximately 0.91% of StealthGas worth $1,894,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of StealthGas in the 4th quarter valued at approximately $53,000. Bank of America Corp DE boosted its holdings in shares of StealthGas by 701.2% in the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company's stock valued at $58,000 after buying an additional 8,982 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of StealthGas in the 4th quarter valued at approximately $61,000. Altshuler Shaham Ltd boosted its holdings in shares of StealthGas by 5,542.0% in the 4th quarter. Altshuler Shaham Ltd now owns 14,500 shares of the shipping company's stock valued at $82,000 after buying an additional 14,243 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of StealthGas in the 4th quarter valued at approximately $88,000. 66.32% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded StealthGas from a "buy" rating to a "hold" rating in a report on Friday.
View Our Latest Stock Analysis on StealthGas
StealthGas Stock Performance
StealthGas stock traded up $0.25 during mid-day trading on Tuesday, hitting $6.04. 164,989 shares of the company's stock traded hands, compared to its average volume of 125,982. The firm has a 50 day simple moving average of $5.40 and a two-hundred day simple moving average of $5.53. StealthGas Inc. has a fifty-two week low of $4.82 and a fifty-two week high of $8.78. The stock has a market cap of $223.35 million, a price-to-earnings ratio of 3.41 and a beta of 0.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.66 and a quick ratio of 2.59.
StealthGas (NASDAQ:GASS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The shipping company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.11. StealthGas had a return on equity of 11.36% and a net margin of 40.87%. The business had revenue of $42.03 million during the quarter, compared to the consensus estimate of $40.40 million.
About StealthGas
(
Free Report)
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.
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