Wall Street Zen downgraded shares of StealthGas (NASDAQ:GASS - Free Report) from a buy rating to a hold rating in a research report released on Friday morning.
StealthGas Stock Up 3.5%
Shares of GASS stock traded up $0.20 during trading hours on Friday, hitting $5.99. 109,341 shares of the company's stock traded hands, compared to its average volume of 125,905. The company has a quick ratio of 2.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.13. The stock's fifty day simple moving average is $5.40 and its two-hundred day simple moving average is $5.53. StealthGas has a 12-month low of $4.82 and a 12-month high of $8.78. The stock has a market cap of $221.50 million, a price-to-earnings ratio of 3.38 and a beta of 0.28.
StealthGas (NASDAQ:GASS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The shipping company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.11. StealthGas had a return on equity of 11.36% and a net margin of 40.87%. The business had revenue of $42.03 million during the quarter, compared to analysts' expectations of $40.40 million.
Institutional Investors Weigh In On StealthGas
Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in StealthGas in the 3rd quarter valued at approximately $194,000. R Squared Ltd purchased a new stake in shares of StealthGas during the fourth quarter valued at $53,000. Navellier & Associates Inc. boosted its position in shares of StealthGas by 12.0% during the fourth quarter. Navellier & Associates Inc. now owns 69,686 shares of the shipping company's stock valued at $394,000 after buying an additional 7,440 shares during the last quarter. Towerview LLC increased its holdings in StealthGas by 12.4% in the 4th quarter. Towerview LLC now owns 2,762,500 shares of the shipping company's stock worth $15,608,000 after buying an additional 305,000 shares in the last quarter. Finally, Inspire Advisors LLC raised its position in StealthGas by 22.4% in the 4th quarter. Inspire Advisors LLC now owns 121,206 shares of the shipping company's stock worth $685,000 after buying an additional 22,203 shares during the last quarter. Institutional investors own 66.32% of the company's stock.
StealthGas Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider StealthGas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and StealthGas wasn't on the list.
While StealthGas currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
