Stabilis Solutions (NASDAQ:SLNG) Shares Up 14.7% - Here's What Happened

Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report)'s share price rose 14.7% during trading on Monday . The stock traded as high as $5.29 and last traded at $5.07. Approximately 25,284 shares changed hands during mid-day trading, an increase of 62% from the average daily volume of 15,578 shares. The stock had previously closed at $4.42.

Stabilis Solutions Trading Up 14.7%

The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $5.36 and a 200 day moving average of $5.59. The firm has a market cap of $94.30 million, a PE ratio of 72.44 and a beta of 0.17.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $19.30 million.

Hedge Funds Weigh In On Stabilis Solutions

Institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC purchased a new stake in shares of Stabilis Solutions during the fourth quarter worth $36,000. Renaissance Technologies LLC purchased a new stake in shares of Stabilis Solutions during the fourth quarter worth $56,000. Dimensional Fund Advisors LP lifted its position in shares of 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 acquiring an additional 1,531 shares in the last quarter. Northern Trust Corp lifted its position in shares of Stabilis Solutions by 82.9% during the fourth quarter. Northern Trust Corp now owns 39,879 shares of the company's stock worth $213,000 after acquiring an additional 18,077 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Stabilis Solutions during the first quarter worth $225,000. Hedge funds and other institutional investors own 3.81% of the company's stock.

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.

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