StealthGas (NASDAQ:GASS) Director Michael Jolliffe Sells 36,200 Shares of Stock

Key Points

• Director Michael Jolliffe sold 36,200 StealthGas shares at an average price of $9.25, generating $334,850 and reducing his position by 39.91% to 54,500 shares. He also sold 1,300 shares the previous day for $11,973.
• StealthGas shares traded near $9.33, with a market capitalization of approximately $351 million. The company recently reported quarterly EPS of $0.46 and revenue of $42.91 million, both below analyst expectations.
• Analyst sentiment is currently neutral: both Weiss Ratings and Wall Street Zen downgraded the stock to “hold,” matching the overall consensus rating. Institutional investors own about 66.32% of the company.

StealthGas, Inc. (NASDAQ:GASS - Get Free Report) Director Michael Jolliffe sold 36,200 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $9.25, for a total value of $334,850.00. Following the completion of the transaction, the director owned 54,500 shares of the company's stock, valued at approximately $504,125. The trade was a 39.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, September 14th, Michael Jolliffe sold 1,300 shares of StealthGas stock. The shares were sold at an average price of $9.21, for a total value of $11,973.00.

StealthGas Price Performance

GASS stock traded up $0.01 during midday trading on Wednesday, hitting $9.33. The stock had a trading volume of 174,564 shares, compared to its average volume of 141,453. The firm has a market cap of $351.09 million, a price-to-earnings ratio of 5.87 and a beta of 0.25. The business has a 50-day moving average of $9.08 and a two-hundred day moving average of $9.22. StealthGas, Inc. has a 52-week low of $6.12 and a 52-week high of $10.55.

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

Wall Street Analyst Weigh In

GASS has been the topic of several research reports. Weiss Ratings lowered shares of StealthGas from a "buy (b)" rating to a "hold (c)" rating in a research note on Thursday, September 3rd. Wall Street Zen downgraded shares of StealthGas from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Hedge Funds Weigh In On StealthGas

Institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC bought a new position in StealthGas in the 2nd quarter worth about $130,000. SG Americas Securities LLC bought a new stake in StealthGas during the 1st quarter valued at about $132,000. WINTON GROUP Ltd increased its stake in StealthGas by 3.7% during the 2nd quarter. WINTON GROUP Ltd now owns 41,680 shares of the shipping company's stock valued at $329,000 after purchasing an additional 1,483 shares in the last quarter. R Squared Ltd raised its holdings in StealthGas by 8.7% in the first quarter. R Squared Ltd now owns 38,175 shares of the shipping company's stock worth $350,000 after buying an additional 3,071 shares during the last quarter. Finally, Militia Capital Management LLC bought a new position in shares of StealthGas in the first quarter worth approximately $422,000. 66.32% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.