StealthGas (NASDAQ:GASS) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• Technical breakout: StealthGas shares crossed above their 200-day moving average of $7.90, trading as high as $9.98 and last at $9.95 on volume of 116,195 shares.
• Quarterly fundamentals: The company beat EPS expectations ($0.36 vs. $0.32) while reporting $39.37M in revenue (slightly below the $39.80M estimate), and shows a 35.03% net margin, 9.08% ROE, market cap of $369.75M and a PE of 6.07.
• Institutional interest: About 66.32% of the stock is held by hedge funds and institutions, with recent position increases or new buys from firms including RBC, Bank of America, Lazard, XTX Topco and LOM Asset Management.

StealthGas, Inc. (NASDAQ:GASS - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.90 and traded as high as $9.98. StealthGas shares last traded at $9.95, with a volume of 116,195 shares.

StealthGas Stock Up 1.2%

The company's fifty day moving average is $9.28 and its 200 day moving average is $7.90. The stock has a market cap of $369.75 million, a PE ratio of 6.07 and a beta of 0.20.

StealthGas (NASDAQ:GASS - Get Free Report) last posted its quarterly earnings results on Monday, March 2nd. The shipping company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. StealthGas had a net margin of 35.03% and a return on equity of 9.08%. The firm had revenue of $39.37 million for the quarter, compared to analyst estimates of $39.80 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GASS. LOM Asset Management Ltd purchased a new position in StealthGas in the fourth quarter valued at about $35,000. Royal Bank of Canada raised its position in StealthGas by 343.3% in the fourth quarter. Royal Bank of Canada now owns 5,063 shares of the shipping company's stock valued at $36,000 after purchasing an additional 3,921 shares during the period. Bank of America Corp DE raised its position in StealthGas by 701.2% in the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company's stock valued at $58,000 after purchasing an additional 8,982 shares during the period. Lazard Asset Management LLC purchased a new position in StealthGas in the fourth quarter valued at about $78,000. Finally, XTX Topco Ltd purchased a new position in StealthGas in the fourth quarter valued at about $79,000. 66.32% of the stock is owned by hedge funds and other institutional investors.

StealthGas Company Profile

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.

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