StealthGas Inc. (NASDAQ:GASS - Get Free Report) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 4,700 shares, a decrease of 68.0% from the April 30th total of 14,700 shares. Based on an average trading volume of 81,500 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company's stock are short sold.
Institutional Trading of StealthGas
Several institutional investors have recently added to or reduced their stakes in GASS. R Squared Ltd bought a new stake in StealthGas during the fourth quarter valued at $53,000. Bank of America Corp DE grew its position in shares of StealthGas by 701.2% during the fourth 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. Lazard Asset Management LLC bought a new position in shares of StealthGas during the fourth quarter worth about $61,000. Jump Financial LLC bought a new position in shares of StealthGas during the first quarter worth about $63,000. Finally, Altshuler Shaham Ltd grew its position in shares of StealthGas by 5,542.0% during the fourth quarter. Altshuler Shaham Ltd now owns 14,500 shares of the shipping company's stock worth $82,000 after acquiring an additional 14,243 shares during the last quarter. Institutional investors own 66.32% of the company's stock.
StealthGas Stock Performance
GASS stock traded up $0.09 during trading on Friday, hitting $5.98. 66,902 shares of the company's stock traded hands, compared to its average volume of 125,099. The company has a quick ratio of 2.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.13. StealthGas has a 52 week low of $4.82 and a 52 week high of $8.78. The stock has a fifty day moving average price of $5.40 and a two-hundred day moving average price of $5.53. The stock has a market capitalization of $221.13 million, a price-to-earnings ratio of 3.38 and a beta of 0.28.
StealthGas (NASDAQ:GASS - Get Free Report) last released its earnings results on Wednesday, May 28th. The shipping company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.11. StealthGas had a net margin of 40.87% and a return on equity of 11.36%. The firm had revenue of $42.03 million during the quarter, compared to analyst estimates of $40.40 million.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut shares of StealthGas from a "buy" rating to a "hold" rating in a report on Friday.
Read Our Latest Stock Report on StealthGas
About StealthGas
(
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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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