12,327 Shares in Imperial Petroleum Inc. (NASDAQ:IMPP) Acquired by Marshall Wace LLP

Marshall Wace LLP bought a new position in Imperial Petroleum Inc. (NASDAQ:IMPP) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 12,327 shares of the company’s stock, valued at approximately $48,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Privium Fund Management UK Ltd boosted its stake in Imperial Petroleum by 95.3% in the second quarter. Privium Fund Management UK Ltd now owns 89,757 shares of the company’s stock worth $337,000 after buying an additional 43,796 shares in the last quarter. PEAK6 Investments LLC purchased a new stake in shares of Imperial Petroleum during the first quarter valued at approximately $108,000. Finally, Deuterium Capital Management LLC boosted its stake in shares of Imperial Petroleum by 174.4% during the first quarter. Deuterium Capital Management LLC now owns 398,396 shares of the company’s stock valued at $1,247,000 after purchasing an additional 253,230 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Imperial Petroleum Stock Performance

NASDAQ:IMPP opened at $3.98 on Monday. The firm has a market cap of $118.66 million, a PE ratio of 2.84 and a beta of 1.19. Imperial Petroleum Inc. has a fifty-two week low of $1.44 and a fifty-two week high of $4.59. The business has a 50 day moving average price of $4.00 and a 200-day moving average price of $3.84.

Imperial Petroleum (NASDAQ:IMPP) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.64 earnings per share for the quarter. The firm had revenue of $47.04 million during the quarter. Imperial Petroleum had a return on equity of 16.33% and a net margin of 37.13%.

Imperial Petroleum Company Profile

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.