StealthGas (NASDAQ:GASS) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• StealthGas shares briefly crossed above their 200-day moving average of $9.20, reaching $9.23 before last trading at $8.87. The stock has a market capitalization of about $333.8 million and a price-to-earnings ratio of 5.58.
• Analysts have recently downgraded the stock, with Weiss Ratings and Wall Street Zen moving their recommendations from “Buy” to “Hold”; the consensus rating is now Hold. The company also missed quarterly expectations, reporting $0.46 in earnings per share versus the $0.53 consensus and revenue of $42.91 million versus $44.90 million expected.
• Director Michael Jolliffe sold 36,200 shares for approximately $334,850, reducing his ownership by nearly 40%. Institutional investors own 66.32% of StealthGas, while insiders hold 22.10%.

Shares of StealthGas, Inc. (NASDAQ:GASS - Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $9.20 and traded as high as $9.23. StealthGas shares last traded at $8.87, with a volume of 64,970 shares traded.

Analysts Set New Price Targets

Several research firms have recently commented on GASS. Weiss Ratings downgraded StealthGas from a "buy (b)" rating to a "hold (c)" rating in a research report on Thursday, September 3rd. Wall Street Zen cut StealthGas from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, StealthGas currently has a consensus rating of "Hold".

StealthGas Stock Down 0.2%

The firm has a market capitalization of $333.78 million, a price-to-earnings ratio of 5.58 and a beta of 0.25. The company's 50 day moving average is $9.17 and its 200 day moving average is $9.20.

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

Insider Activity at StealthGas

In other news, Director Michael Jolliffe sold 36,200 shares of StealthGas 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 sale, the director directly owned 54,500 shares in the company, valued at approximately $504,125. The trade was a 39.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 22.10% of the company's stock.

Institutional Investors Weigh In On StealthGas

A number of large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC acquired a new position in StealthGas in the 2nd quarter valued at $130,000. SG Americas Securities LLC bought a new stake in shares of StealthGas during the 1st quarter valued at $132,000. WINTON GROUP Ltd grew its holdings in shares of StealthGas by 3.7% during the 2nd quarter. WINTON GROUP Ltd now owns 41,680 shares of the shipping company's stock worth $329,000 after purchasing an additional 1,483 shares in the last quarter. R Squared Ltd grew its holdings in shares of StealthGas by 8.7% during the 1st quarter. R Squared Ltd now owns 38,175 shares of the shipping company's stock worth $350,000 after purchasing an additional 3,071 shares in the last quarter. Finally, Militia Capital Management LLC bought a new position in shares of StealthGas in the first quarter worth $422,000. Institutional investors and hedge funds own 66.32% of the company's stock.

StealthGas Company Profile

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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