StealthGas (NASDAQ:GASS) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of StealthGas (NASDAQ:GASS) from a hold rating to a buy rating in a report released on Friday morning.

StealthGas Stock Down 0.4 %

Shares of NASDAQ:GASS opened at $5.55 on Friday. The company has a current ratio of 2.66, a quick ratio of 2.59 and a debt-to-equity ratio of 0.13. StealthGas has a 12 month low of $4.82 and a 12 month high of $8.84. The company has a 50-day moving average price of $5.70 and a 200 day moving average price of $5.90. The company has a market cap of $203.91 million, a price-to-earnings ratio of 3.14 and a beta of 0.75.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings results on Friday, February 21st. The shipping company reported $0.38 EPS for the quarter. StealthGas had a net margin of 40.87% and a return on equity of 11.36%. The firm had revenue of $40.25 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Towerview LLC raised its position in StealthGas by 12.4% in the 4th quarter. Towerview LLC now owns 2,762,500 shares of the shipping company’s stock worth $15,608,000 after purchasing an additional 305,000 shares during the period. Two Sigma Advisers LP raised its position in StealthGas by 22.5% in the 4th quarter. Two Sigma Advisers LP now owns 335,200 shares of the shipping company’s stock worth $1,894,000 after purchasing an additional 61,500 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in StealthGas in the 4th quarter worth about $333,000. JPMorgan Chase & Co. raised its position in StealthGas by 156.1% in the 4th quarter. JPMorgan Chase & Co. now owns 72,770 shares of the shipping company’s stock worth $411,000 after purchasing an additional 44,354 shares during the period. Finally, Marshall Wace LLP raised its position in StealthGas by 11.9% in the 4th quarter. Marshall Wace LLP now owns 366,203 shares of the shipping company’s stock worth $2,069,000 after purchasing an additional 39,027 shares during the period. Institutional investors own 66.32% of the company’s stock.

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.