Squarepoint Ops LLC Sells 72,451 Shares of StealthGas Inc. (NASDAQ:GASS)

Squarepoint Ops LLC lessened its holdings in shares of StealthGas Inc. (NASDAQ:GASS) by 68.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,127 shares of the shipping company’s stock after selling 72,451 shares during the period. Squarepoint Ops LLC owned 0.09% of StealthGas worth $251,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in shares of StealthGas in the 1st quarter valued at about $62,000. Virtu Financial LLC acquired a new position in shares of StealthGas during the first quarter valued at about $64,000. Heron Bay Capital Management acquired a new position in StealthGas during the 1st quarter valued at about $78,000. DGS Capital Management LLC bought a new stake in StealthGas during the first quarter worth $106,000. Finally, XTX Topco Ltd bought a new stake in shares of StealthGas in the 2nd quarter worth $146,000. 66.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered StealthGas from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 15th.

StealthGas Trading Down 1.5 %

NASDAQ:GASS opened at $6.64 on Friday. StealthGas Inc. has a 12 month low of $4.84 and a 12 month high of $8.84. The company has a current ratio of 2.50, a quick ratio of 2.43 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $6.39 and its 200 day moving average is $6.70. The stock has a market capitalization of $239.98 million, a PE ratio of 4.68 and a beta of 0.81.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings results on Thursday, September 5th. The shipping company reported $0.70 EPS for the quarter. The company had revenue of $39.12 million for the quarter. StealthGas had a net margin of 44.79% and a return on equity of 11.63%.

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.