StealthGas (NASDAQ:GASS) Director Michael Jolliffe Sells 1,300 Shares

Key Points

• Director Michael Jolliffe sold 1,300 StealthGas shares at an average price of $9.21, generating $11,973 and reducing his direct ownership by 1.41%. He also sold 36,200 shares the following day for $334,850.
• StealthGas shares traded at $9.33, near their 50-day and 200-day moving averages. The company reported quarterly EPS of $0.46 and revenue of $42.91 million, both below analyst expectations.
• Analyst sentiment is neutral, with research firms downgrading the stock to “hold.” Institutional investors own 66.32% of StealthGas shares.

StealthGas, Inc. (NASDAQ:GASS - Get Free Report) Director Michael Jolliffe sold 1,300 shares of the company's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $9.21, for a total transaction of $11,973.00. Following the sale, the director directly owned 90,700 shares of the company's stock, valued at approximately $835,347. This represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Michael Jolliffe also recently made the following trade(s):

• On Tuesday, September 15th, Michael Jolliffe sold 36,200 shares of StealthGas stock. The shares were sold at an average price of $9.25, for a total transaction of $334,850.00.

StealthGas Trading Up 0.1%

GASS stock traded up $0.01 during trading on Wednesday, reaching $9.33. 174,564 shares of the stock were exchanged, compared to its average volume of 141,453. StealthGas, Inc. has a twelve month low of $6.12 and a twelve month high of $10.55. The company has a market capitalization of $351.09 million, a P/E ratio of 5.87 and a beta of 0.25. The stock has a 50 day simple moving average of $9.08 and a 200-day simple moving average of $9.22.

StealthGas (NASDAQ:GASS - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The shipping company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.07). The firm had revenue of $42.91 million during the quarter, compared to analyst estimates of $44.90 million. StealthGas had a net margin of 34.97% and a return on equity of 7.87%.

Analyst Ratings Changes

A number of research firms recently commented on GASS. Wall Street Zen lowered StealthGas from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings downgraded StealthGas from a "buy (b)" rating to a "hold (c)" rating in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, StealthGas has an average rating of "Hold".

Institutional Investors Weigh In On StealthGas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GASS. Renaissance Technologies LLC increased its holdings in shares of StealthGas by 0.8% in the first quarter. Renaissance Technologies LLC now owns 2,032,631 shares of the shipping company's stock valued at $18,660,000 after purchasing an additional 17,100 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in StealthGas by 2.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 514,871 shares of the shipping company's stock worth $4,727,000 after purchasing an additional 12,142 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in StealthGas by 1.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 155,140 shares of the shipping company's stock worth $1,424,000 after buying an additional 1,929 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in StealthGas by 24.1% during the 2nd quarter. NewEdge Advisors LLC now owns 62,191 shares of the shipping company's stock worth $491,000 after buying an additional 12,097 shares in the last quarter. Finally, Militia Capital Management LLC bought a new position in StealthGas in the 1st quarter valued at $422,000. Institutional investors and hedge funds own 66.32% of the company's stock.

About StealthGas

StealthGas, Inc NASDAQ: GASS is a maritime transportation company that owns and operates vessels used to transport liquefied petroleum gas (LPG). The company focuses primarily on small- and medium-sized LPG carriers, which transport products such as propane and butane for energy companies, commodity traders and other commercial customers.

StealthGas provides seaborne transportation services through a combination of time charters, voyage charters and other contractual arrangements. Its vessels serve international LPG trade routes, connecting production and export regions with markets and distribution facilities worldwide.

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