Imperial Petroleum Target of Unusually High Options Trading (NASDAQ:IMPP)

Imperial Petroleum Inc. (NASDAQ:IMPP) was the recipient of unusually large options trading activity on Monday. Investors acquired 17,458 call options on the company. This represents an increase of 619% compared to the typical volume of 2,428 call options.

Imperial Petroleum Stock Up 4.4 %

Shares of Imperial Petroleum stock traded up $0.16 during trading on Monday, reaching $3.79. The company’s stock had a trading volume of 128,299 shares, compared to its average volume of 509,987. The company has a market cap of $112.98 million, a price-to-earnings ratio of 2.59 and a beta of 1.19. The firm’s 50-day moving average is $3.83 and its two-hundred day moving average is $3.42. Imperial Petroleum has a 52-week low of $1.18 and a 52-week high of $4.59.

Imperial Petroleum (NASDAQ:IMPP) last posted its quarterly earnings results on Thursday, May 16th. The company reported $0.50 earnings per share (EPS) for the quarter. Imperial Petroleum had a net margin of 32.64% and a return on equity of 24.08%. The business had revenue of $41.20 million during the quarter.

Hedge Funds Weigh In On Imperial Petroleum

Several institutional investors and hedge funds have recently bought and sold shares of the stock. PEAK6 Investments LLC bought a new position in shares of Imperial Petroleum during the first quarter valued at about $108,000. Deuterium Capital Management LLC boosted its stake in shares of Imperial Petroleum by 174.4% during the 1st 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 in the last quarter. Privium Fund Management UK Ltd increased its position in shares of Imperial Petroleum by 355.6% during the first quarter. Privium Fund Management UK Ltd now owns 45,961 shares of the company’s stock valued at $148,000 after buying an additional 35,873 shares during the period. Finally, Towerview LLC raised its stake in Imperial Petroleum by 2.5% in the fourth quarter. Towerview LLC now owns 410,000 shares of the company’s stock worth $1,082,000 after buying an additional 10,000 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

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.