Renaissance Technologies LLC cut its holdings in shares of StealthGas Inc. (NASDAQ:GASS - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,766,276 shares of the shipping company's stock after selling 307,565 shares during the quarter. Renaissance Technologies LLC owned about 4.81% of StealthGas worth $9,979,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. R Squared Ltd bought a new position in StealthGas during the fourth quarter worth $53,000. DGS Capital Management LLC raised its position in shares of StealthGas by 12.8% during the fourth quarter. DGS Capital Management LLC now owns 21,698 shares of the shipping company's stock valued at $123,000 after buying an additional 2,461 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of StealthGas by 34.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,808 shares of the shipping company's stock valued at $140,000 after buying an additional 6,299 shares during the period. Virtu Financial LLC acquired a new stake in StealthGas during the fourth quarter worth about $142,000. Finally, JPMorgan Chase & Co. bought a new position in StealthGas during the third quarter valued at about $194,000. 66.32% of the stock is currently owned by institutional investors and hedge funds.
StealthGas Stock Performance
GASS stock traded up $0.05 during midday trading on Tuesday, hitting $5.08. The stock had a trading volume of 78,934 shares, compared to its average volume of 135,808. The firm has a market capitalization of $186.64 million, a price-to-earnings ratio of 2.87 and a beta of 0.54. The company has a current ratio of 2.66, a quick ratio of 2.59 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $5.50 and a 200 day simple moving average of $5.67. StealthGas Inc. has a 52 week low of $4.82 and a 52 week high of $8.84.
StealthGas (NASDAQ:GASS - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The shipping company reported $0.38 EPS for the quarter. The company had revenue of $40.25 million during the quarter. StealthGas had a net margin of 40.87% and a return on equity of 11.36%.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded StealthGas from a "hold" rating to a "buy" rating in a research report on Friday, March 14th.
Get Our Latest Research Report on StealthGas
StealthGas Company Profile
(
Free Report)
StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.
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