Stabilis Solutions (NASDAQ:SLNG) Director Edward Kuntz Purchases 5,000 Shares

Key Points

• Director Edward Kuntz purchased 5,000 Stabilis Solutions shares at an average price of $5.41, investing $27,050 and increasing his direct ownership by 7.16% to 74,839 shares.
• SLNG shares traded at $5.32, above both their 50-day and 200-day moving averages, but the company reported a quarterly loss of $0.25 per share, missing estimates by $0.17 despite revenue exceeding forecasts.
• Analyst sentiment remains cautious, with ratings of Hold and Sell producing a consensus “Reduce” rating; institutional investors own only 3.81% of the company.

Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report) Director Edward Kuntz acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, September 9th. The shares were purchased at an average cost of $5.41 per share, with a total value of $27,050.00. Following the transaction, the director directly owned 74,839 shares of the company's stock, valued at $404,878.99. This trade represents a 7.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Stabilis Solutions Price Performance

SLNG stock traded up $0.11 during mid-day trading on Thursday, hitting $5.32. The stock had a trading volume of 32,178 shares, compared to its average volume of 40,617. The firm has a fifty day simple moving average of $4.99 and a 200 day simple moving average of $4.48. The firm has a market capitalization of $98.95 million, a P/E ratio of -12.67 and a beta of -0.26. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 0.10. Stabilis Solutions, Inc. has a 52 week low of $3.21 and a 52 week high of $7.07.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.17). Stabilis Solutions had a negative return on equity of 12.33% and a negative net margin of 14.06%.The firm had revenue of $11.92 million for the quarter, compared to analyst estimates of $10.84 million.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Stabilis Solutions in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce".

Institutional Investors Weigh In On Stabilis Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC increased its holdings in Stabilis Solutions by 11.5% in the second quarter. Sequoia Financial Advisors LLC now owns 19,464 shares of the company's stock worth $79,000 after purchasing an additional 2,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Stabilis Solutions by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company's stock worth $81,000 after buying an additional 2,207 shares in the last quarter. Citadel Advisors LLC grew its position in shares of Stabilis Solutions by 37.7% during the 3rd quarter. Citadel Advisors LLC now owns 19,146 shares of the company's stock worth $83,000 after buying an additional 5,238 shares during the period. Russell Investments Group Ltd. grew its position in shares of Stabilis Solutions by 22.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 57,034 shares of the company's stock worth $249,000 after buying an additional 10,643 shares during the period. Finally, BlackRock Inc. bought a new stake in shares of Stabilis Solutions in the 2nd quarter valued at $50,000. Institutional investors own 3.81% of the company's stock.

About Stabilis Solutions

Stabilis Solutions NASDAQ: SLNG is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.

In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.

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