StealthGas' (GASS) Buy (B-) Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated its "buy (B-)" rating for StealthGas (NASDAQ:GASS), which signals a positive outlook for the company's stock.
• Wall Street Zen upgraded StealthGas from a "hold" rating to a "buy," reflecting a favorable sentiment among analysts regarding the stock’s potential.
• StealthGas currently has a market capitalization of $236.34 million and a price-to-earnings ratio of 3.85, indicating it may be undervalued compared to its earnings.

StealthGas (NASDAQ:GASS - Get Free Report)'s stock had its "buy (b-)" rating reiterated by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded StealthGas from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy".

StealthGas Trading Down 1.2%

NASDAQ GASS opened at $6.36 on Wednesday. The stock has a market capitalization of $236.34 million, a price-to-earnings ratio of 3.85 and a beta of 0.30. The stock's 50 day moving average price is $7.02 and its two-hundred day moving average price is $6.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.73 and a current ratio of 3.87. StealthGas has a 52 week low of $4.82 and a 52 week high of $8.18.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GASS. Bank of America Corp DE increased its holdings in shares of StealthGas by 701.2% during the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company's stock worth $58,000 after acquiring an additional 8,982 shares during the last quarter. Jump Financial LLC acquired a new position in shares of StealthGas during the 1st quarter worth approximately $63,000. Nipun Capital L.P. acquired a new position in shares of StealthGas during the 2nd quarter worth approximately $90,000. Jane Street Group LLC acquired a new position in shares of StealthGas during the 2nd quarter worth approximately $91,000. Finally, Sowell Financial Services LLC acquired a new position in shares of StealthGas during the 1st quarter worth approximately $98,000. 66.32% of the stock is owned by institutional investors and hedge funds.

StealthGas Company Profile

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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