Stabilis Solutions (NASDAQ:SLNG) Shares Down 2.3% - Here's What Happened

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)'s share price was down 2.3% during trading on Tuesday . The stock traded as low as $4.62 and last traded at $4.68. Approximately 4,949 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 11,555 shares. The stock had previously closed at $4.79.

Stabilis Solutions Stock Performance

The company has a market capitalization of $82.96 million, a PE ratio of 63.72 and a beta of 0.20. 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's fifty day simple moving average is $5.04 and its 200-day simple moving average is $5.47.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SLNG. Sequoia Financial Advisors LLC purchased a new position in Stabilis Solutions in the 2nd quarter worth about $83,000. Ancora Advisors LLC grew its stake in Stabilis Solutions by 803.7% during the 1st quarter. Ancora Advisors LLC now owns 61,391 shares of the company's stock valued at $298,000 after acquiring an additional 54,598 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Stabilis Solutions during the 1st quarter valued at about $225,000. Northern Trust Corp grew its stake in Stabilis Solutions by 82.9% during the 4th quarter. Northern Trust Corp now owns 39,879 shares of the company's stock valued at $213,000 after acquiring an additional 18,077 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Stabilis Solutions by 12.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,310 shares of the company's stock valued at $77,000 after acquiring an additional 1,531 shares in the last quarter. 3.81% of the stock is owned by institutional investors and hedge funds.

Stabilis Solutions Company Profile

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.