StealthGas (NASDAQ:GASS) Raised to Buy at Wall Street Zen

Key Points

• StealthGas has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating a positive outlook for the company's stock.
• In its latest quarterly earnings report, StealthGas reported earnings per share of $0.44, exceeding analysts' estimates by $0.11, with revenue of $42.03 million.
• Institutional investors hold 66.32% of StealthGas shares, with significant recent investments from firms such as Jane Street Group and Jump Financial LLC.

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

StealthGas Stock Performance

NASDAQ:GASS traded up $0.02 during mid-day trading on Friday, reaching $7.48. The stock had a trading volume of 78,577 shares, compared to its average volume of 174,518. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.73 and a current ratio of 3.87. The firm has a market capitalization of $277.96 million, a price-to-earnings ratio of 4.53 and a beta of 0.32. StealthGas has a twelve month low of $4.82 and a twelve month high of $8.18. The business has a 50 day simple moving average of $6.88 and a 200 day simple moving average of $6.10.

Institutional Trading of StealthGas

A number of institutional investors have recently modified their holdings of GASS. Sowell Financial Services LLC raised its position in StealthGas by 14.4% in the second quarter. Sowell Financial Services LLC now owns 19,900 shares of the shipping company's stock worth $128,000 after acquiring an additional 2,500 shares in the last quarter. XTX Topco Ltd boosted its position in shares of StealthGas by 18.3% during the 1st quarter. XTX Topco Ltd now owns 18,328 shares of the shipping company's stock worth $104,000 after purchasing an additional 2,837 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of StealthGas by 9.4% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 64,557 shares of the shipping company's stock worth $414,000 after purchasing an additional 5,563 shares during the period. Towerview LLC increased its holdings in shares of StealthGas by 0.3% in the 1st quarter. Towerview LLC now owns 2,770,000 shares of the shipping company's stock valued at $15,650,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. increased its holdings in shares of StealthGas by 49.7% in the 2nd quarter. Mraz Amerine & Associates Inc. now owns 26,500 shares of the shipping company's stock valued at $170,000 after purchasing an additional 8,800 shares in the last quarter. 66.32% of the stock is currently 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.