State Street Corp Raises Stock Holdings in StealthGas Inc. (NASDAQ:GASS)

State Street Corp boosted its holdings in shares of StealthGas Inc. (NASDAQ:GASS) by 44.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 45,596 shares of the shipping company’s stock after purchasing an additional 14,093 shares during the period. State Street Corp’s holdings in StealthGas were worth $311,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in GASS. Acadian Asset Management LLC lifted its position in StealthGas by 9.9% in the second quarter. Acadian Asset Management LLC now owns 1,374,210 shares of the shipping company’s stock valued at $10,073,000 after purchasing an additional 123,674 shares during the period. Inspire Advisors LLC increased its stake in shares of StealthGas by 41.3% during the 2nd quarter. Inspire Advisors LLC now owns 55,072 shares of the shipping company’s stock worth $405,000 after purchasing an additional 16,085 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of StealthGas during the 2nd quarter worth approximately $146,000. Sei Investments Co. grew its holdings in StealthGas by 37.6% during the 2nd quarter. Sei Investments Co. now owns 26,412 shares of the shipping company’s stock valued at $194,000 after buying an additional 7,222 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of StealthGas in the second quarter worth $504,000. 66.32% of the stock is owned by institutional investors and hedge funds.

StealthGas Stock Up 0.3 %

GASS opened at $6.01 on Friday. StealthGas Inc. has a 1 year low of $4.82 and a 1 year high of $8.84. The firm has a 50 day moving average price of $5.54 and a 200 day moving average price of $6.24. The company has a market cap of $220.81 million, a PE ratio of 3.40 and a beta of 0.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.59 and a current ratio of 2.66.

Analysts Set New Price Targets

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

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.