Wall Street Zen Downgrades StealthGas (NASDAQ:GASS) to Hold

Wall Street Zen lowered shares of StealthGas (NASDAQ:GASS - Free Report) from a buy rating to a hold rating in a report released on Friday morning.

StealthGas Stock Performance

NASDAQ GASS traded up $0.09 during trading hours on Friday, reaching $5.98. The stock had a trading volume of 66,902 shares, compared to its average volume of 125,099. 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 of $5.40 and a 200 day moving average of $5.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.59 and a current ratio of 2.66. The stock has a market cap of $221.13 million, a P/E ratio of 3.38 and a beta of 0.28.

StealthGas (NASDAQ:GASS - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The shipping company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.33 by $0.11. The business had revenue of $42.03 million for the quarter, compared to the consensus estimate of $40.40 million. StealthGas had a net margin of 40.87% and a return on equity of 11.36%.

Institutional Investors Weigh In On StealthGas

Hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of StealthGas in the 4th quarter valued at about $53,000. Bank of America Corp DE grew its holdings in 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 period. Lazard Asset Management LLC purchased a new position in StealthGas during the fourth quarter valued at approximately $61,000. Jump Financial LLC acquired a new position in StealthGas in the first quarter valued at approximately $63,000. Finally, Altshuler Shaham Ltd boosted its position in StealthGas by 5,542.0% in the 4th quarter. Altshuler Shaham Ltd now owns 14,500 shares of the shipping company's stock worth $82,000 after purchasing an additional 14,243 shares in the last quarter. 66.32% of the stock is owned by hedge funds and other institutional investors.

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.