Stabilis Solutions (NASDAQ:SLNG) Stock Price Down 2.3% - Here's Why

Key Points

• Stabilis Solutions' stock price fell by 2.3% on Tuesday, trading as low as $4.62 before closing at $4.68 with a significant drop in trading volume of 57% compared to the average.
• The company reported a loss of $0.09 earnings per share, which was below analysts' expectations, alongside a revenue of $17.34 million compared to a forecast of $19.30 million.
• Institutional investors currently hold only 3.81% of Stabilis Solutions' stock, although there have been various recent acquisitions and increases in stake from several hedge funds.

Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report) traded down 2.3% on Tuesday . The stock traded as low as $4.62 and last traded at $4.68. 4,949 shares changed hands during trading, a decline of 57% from the average session volume of 11,555 shares. The stock had previously closed at $4.79.

Stabilis Solutions Stock Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.47 and a current ratio of 1.49. The stock has a 50-day moving average of $5.10 and a 200 day moving average of $5.50. The firm has a market capitalization of $89.37 million, a P/E ratio of 68.65 and a beta of 0.17.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.11). Stabilis Solutions had a net margin of 2.16% and a return on equity of 2.34%. The firm had revenue of $17.34 million during the quarter, compared to analyst estimates of $19.30 million.

Institutional Trading of Stabilis Solutions

A number of institutional investors have recently modified their holdings of the business. Ancora Advisors LLC purchased a new position in shares of Stabilis Solutions in the 4th quarter worth about $36,000. Renaissance Technologies LLC purchased a new stake in Stabilis Solutions in the 4th quarter valued at about $56,000. Dimensional Fund Advisors LP lifted its holdings in Stabilis Solutions by 12.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,310 shares of the company's stock worth $77,000 after buying an additional 1,531 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Stabilis Solutions in the second quarter worth $83,000. Finally, Northern Trust Corp grew its stake in shares of Stabilis Solutions by 82.9% during the 4th quarter. Northern Trust Corp now owns 39,879 shares of the company's stock worth $213,000 after purchasing an additional 18,077 shares during the period. 3.81% of the stock is currently owned by hedge funds and other institutional investors.

About Stabilis Solutions

Stabilis Solutions, Inc, together with its subsidiaries, an energy transition company, provides clean energy production, storage, transportation, and fueling solutions primarily using liquefied natural gas (LNG) to various end markets in North America. The company offers LNG solutions to customers in aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets.