Ardmore Shipping (ASC) News Today

Acadian Asset Management LLC acquired a new position in shares of Ardmore Shipping Co. (NYSE:ASC - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 131,070 shares of the shipping company's stock, valued at approximately $2,149,000. Acadian

Stifel Nicolaus increased their price objective on Ardmore Shipping from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday.

Evercore ISI lifted their price objective on shares of Ardmore Shipping from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday.

Janney Montgomery Scott LLC purchased a new stake in Ardmore Shipping Co. (NYSE:ASC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,972 shares of the shipping company's stock, valu

Sei Investments Co. grew its holdings in Ardmore Shipping Co. (NYSE:ASC - Free Report) by 15.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 495,593 shares of the shipping company's stock after purchasing an addi

SG Americas Securities LLC purchased a new position in Ardmore Shipping Co. (NYSE:ASC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 132,143 shares of the shipping co

LSV Asset Management acquired a new position in shares of Ardmore Shipping Co. (NYSE:ASC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 43,500 shares of the shipping company's stock, valu

Ardmore Shipping (NYSE:ASC) Sees Unusually-High Trading Volume

Wellington Management Group LLP boosted its position in shares of Ardmore Shipping Co. (NYSE:ASC - Free Report) by 23.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 696,697 shares of the sh

Ardmore Shipping Co. (NYSE:ASC - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 2,440,000 shares, a growth of 47.9% from the May 15th total of 1,650,000 shares. Based on an average daily volume of 653,900 shares, the days-to-cover ratio is currently 3.7 days.

Ardmore Shipping (NYSE:ASC) Trading Down 4.1%

Dimensional Fund Advisors LP grew its holdings in Ardmore Shipping Co. (NYSE:ASC - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,758,657 shares of the shipping company's stock after buying an

Ardmore Shipping Co. (NYSE:ASC - Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,650,000 shares, an increase of 88.5% from the April 30th total of 875,200 shares. Based on an average trading volume of 625,800 shares, the short-interest ratio is currently 2.6 days.

Ardmore Shipping (NYSE:ASC) Sets New 1-Year High at $22.77

StockNews.com raised Ardmore Shipping from a "hold" rating to a "buy" rating in a report on Wednesday.

Ardmore Shipping (NYSE:ASC) Reaches New 12-Month High at $21.19

Ardmore Shipping Co. (NYSE:ASC) announced a quarterly dividend on Thursday, May 9th. Shareholders of record on Friday, May 31st will be given a dividend of 0.31 per share by the shipping company on Friday, June 14th. This represents a $1.24 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date is Friday, May 31st. This is an increase from Ardmore Shipping's previous quarterly dividend of $0.21.

Ardmore Shipping (NYSE:ASC - Get Free Report) released its quarterly earnings results on Wednesday. The shipping company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.05. The company had revenue of $106.30 million for the quarter, compared to analysts' expectations of $72.46 million. Ardmore Shipping had a return on equity of 22.76% and a net margin of 29.50%. The business's quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 earnings per share.

Jefferies Financial Group increased their price target on Ardmore Shipping from $20.00 to $21.00 and gave the stock a "buy" rating in a research report on Wednesday.

Ardmore Shipping (NYSE:ASC) Trading 8.5% Higher

Russell Investments Group Ltd. boosted its stake in shares of Ardmore Shipping Co. (NYSE:ASC - Free Report) by 51.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 606,898 shares of the shippi

Ardmore Shipping (NYSE:ASC) Reaches New 1-Year High at $17.67

Ardmore Shipping (NYSE:ASC) will be releasing earnings before the market opens on Wednesday, May 8, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=589027)

Ardmore Shipping (NYSE:ASC) Hits New 1-Year High at $17.17

StockNews.com downgraded Ardmore Shipping from a "buy" rating to a "hold" rating in a research report on Monday.

Glenorchy Capital Ltd purchased a new position in shares of Ardmore Shipping Co. (NYSE:ASC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 147,700 shares of the shipping compa

Stifel Nicolaus lifted their target price on shares of Ardmore Shipping from $21.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday.

Ardmore Shipping Co. (NYSE:ASC - Get Free Report) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 984,300 shares, a decrease of 8.0% from the March 15th total of 1,070,000 shares. Based on an average daily trading volume, of 661,800 shares, the short-interest ratio is presently 1.5 days.

Ardmore Shipping (NYSE:ASC) Trading Up 3.3%