Virtu Financial LLC acquired a new stake in StealthGas Inc. (NASDAQ:GASS – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 25,118 shares of the shipping company’s stock, valued at approximately $142,000.
Several other large investors have also modified their holdings of the company. R Squared Ltd purchased a new stake in StealthGas during the 4th quarter valued at approximately $53,000. DGS Capital Management LLC increased its holdings in shares of StealthGas by 12.8% in the fourth quarter. DGS Capital Management LLC now owns 21,698 shares of the shipping company’s stock valued at $123,000 after purchasing an additional 2,461 shares during the period. Quadrature Capital Ltd raised its stake in shares of 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 during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of StealthGas by 34.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,808 shares of the shipping company’s stock worth $140,000 after purchasing an additional 6,299 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in StealthGas in the 3rd quarter valued at $194,000. 66.32% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of StealthGas from a “hold” rating to a “buy” rating in a research report on Friday, March 14th.
StealthGas Price Performance
Shares of NASDAQ:GASS opened at $5.79 on Monday. StealthGas Inc. has a 52 week low of $4.82 and a 52 week high of $8.84. The company has a 50-day moving average price of $5.68 and a 200 day moving average price of $5.88. The company has a market cap of $212.73 million, a P/E ratio of 3.27 and a beta of 0.75. The company has a quick ratio of 2.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.13.
StealthGas (NASDAQ:GASS – Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The shipping company reported $0.38 EPS for the quarter. StealthGas had a return on equity of 11.36% and a net margin of 40.87%. The business had revenue of $40.25 million during the quarter.
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.
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