StealthGas (NASDAQ:GASS) Downgraded by StockNews.com

StockNews.com lowered shares of StealthGas (NASDAQ:GASS) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday.

StealthGas Trading Down 0.7 %

Shares of GASS opened at $5.79 on Friday. StealthGas has a fifty-two week low of $4.61 and a fifty-two week high of $8.84. The stock has a fifty day moving average of $7.08 and a two-hundred day moving average of $6.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.25. The company has a market capitalization of $209.26 million, a PE ratio of 4.08 and a beta of 0.84.

StealthGas (NASDAQ:GASS) last issued its quarterly earnings results on Wednesday, May 22nd. The shipping company reported $0.49 earnings per share (EPS) for the quarter. StealthGas had a return on equity of 9.19% and a net margin of 35.95%. The firm had revenue of $38.71 million for the quarter.

Institutional Trading of StealthGas

Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC raised its holdings in shares of StealthGas by 17.8% in the 1st quarter. Acadian Asset Management LLC now owns 1,250,536 shares of the shipping company’s stock worth $7,403,000 after purchasing an additional 189,157 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of StealthGas by 9.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 97,163 shares of the shipping company’s stock valued at $577,000 after acquiring an additional 8,054 shares during the period. Jump Financial LLC lifted its holdings in shares of StealthGas by 16.6% during the 4th quarter. Jump Financial LLC now owns 38,469 shares of the shipping company’s stock valued at $249,000 after acquiring an additional 5,475 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in StealthGas by 64.1% in the 4th quarter. Russell Investments Group Ltd. now owns 45,224 shares of the shipping company’s stock valued at $291,000 after purchasing an additional 17,659 shares in the last quarter. Finally, Consolidated Portfolio Review Corp purchased a new position in StealthGas in the fourth quarter valued at about $399,000. 66.32% of the stock is currently owned by institutional investors and hedge funds.

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.