Imperial Petroleum Inc. (NASDAQ:IMPP) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC grew its position in Imperial Petroleum Inc. (NASDAQ:IMPP - Free Report) by 207.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 166,500 shares of the company's stock after acquiring an additional 112,300 shares during the period. Renaissance Technologies LLC owned about 0.56% of Imperial Petroleum worth $501,000 at the end of the most recent quarter.

Separately, Deuterium Capital Management LLC boosted its stake in shares of Imperial Petroleum by 43.6% in the fourth quarter. Deuterium Capital Management LLC now owns 1,393,770 shares of the company's stock worth $4,195,000 after acquiring an additional 423,183 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Imperial Petroleum Trading Up 1.1 %

IMPP traded up $0.03 on Friday, hitting $2.74. 58,752 shares of the company's stock were exchanged, compared to its average volume of 253,587. The stock has a market cap of $81.69 million, a price-to-earnings ratio of 1.92 and a beta of 1.07. Imperial Petroleum Inc. has a fifty-two week low of $2.12 and a fifty-two week high of $4.59. The firm has a 50-day moving average price of $2.47 and a 200-day moving average price of $2.89.

Imperial Petroleum (NASDAQ:IMPP - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $26.21 million for the quarter. Imperial Petroleum had a net margin of 34.01% and a return on equity of 17.50%.

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.