StealthGas (NASDAQ:GASS) Downgraded by StockNews.com to “Buy”

StealthGas (NASDAQ:GASSGet Free Report) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

StealthGas Price Performance

GASS stock opened at $6.32 on Thursday. StealthGas has a 1 year low of $2.51 and a 1 year high of $7.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.15 and a current ratio of 3.20. The stock’s 50 day moving average price is $7.06 and its 200 day moving average price is $5.99. The firm has a market cap of $240.92 million, a P/E ratio of 4.61 and a beta of 0.86.

StealthGas (NASDAQ:GASSGet Free Report) last issued its quarterly earnings results on Tuesday, November 21st. The shipping company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.16. The company had revenue of $34.65 million during the quarter. StealthGas had a return on equity of 9.26% and a net margin of 36.19%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GASS. Millennium Management LLC raised its holdings in StealthGas by 1,712.1% in the 2nd quarter. Millennium Management LLC now owns 400,059 shares of the shipping company’s stock valued at $1,284,000 after acquiring an additional 377,982 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of StealthGas by 103.4% during the 2nd quarter. Marshall Wace LLP now owns 566,171 shares of the shipping company’s stock worth $2,412,000 after buying an additional 287,859 shares during the last quarter. Towerview LLC increased its holdings in shares of StealthGas by 12.2% during the 2nd quarter. Towerview LLC now owns 2,505,000 shares of the shipping company’s stock worth $10,671,000 after buying an additional 273,301 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of StealthGas by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,096,360 shares of the shipping company’s stock worth $8,930,000 after buying an additional 154,171 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of StealthGas during the 3rd quarter worth $387,000. 66.31% of the stock is currently owned by institutional investors and hedge funds.

About StealthGas

(Get Free Report)

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. It also offers crude oil and natural gas. 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; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.

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