Sanctuary Advisors LLC Grows Stock Holdings in StealthGas Inc. (NASDAQ:GASS)

Sanctuary Advisors LLC raised its stake in StealthGas Inc. (NASDAQ:GASS) by 16.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 79,987 shares of the shipping company’s stock after buying an additional 11,383 shares during the quarter. Sanctuary Advisors LLC’s holdings in StealthGas were worth $545,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in shares of StealthGas in the 2nd quarter worth approximately $146,000. Quadrature Capital Ltd boosted its position in StealthGas by 14.8% during the third quarter. Quadrature Capital Ltd now owns 22,799 shares of the shipping company’s stock worth $155,000 after purchasing an additional 2,933 shares in the last quarter. Sei Investments Co. grew its holdings in StealthGas by 37.6% in the second quarter. Sei Investments Co. now owns 26,412 shares of the shipping company’s stock valued at $194,000 after purchasing an additional 7,222 shares during the last quarter. PDT Partners LLC increased its position in shares of StealthGas by 42.6% in the third quarter. PDT Partners LLC now owns 34,211 shares of the shipping company’s stock valued at $233,000 after buying an additional 10,224 shares in the last quarter. Finally, State Street Corp raised its stake in shares of StealthGas by 44.7% during the 3rd quarter. State Street Corp now owns 45,596 shares of the shipping company’s stock worth $311,000 after buying an additional 14,093 shares during the last quarter. 66.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of StealthGas from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 15th.

StealthGas Stock Up 0.8 %

GASS stock opened at $5.09 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.66 and a quick ratio of 2.59. The company’s 50 day simple moving average is $5.64 and its 200-day simple moving average is $6.34. StealthGas Inc. has a 12 month low of $4.82 and a 12 month high of $8.84. The firm has a market capitalization of $187.01 million, a PE ratio of 2.88 and a beta of 0.80.

About StealthGas

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.