StealthGas (NASDAQ:GASS) Issues Quarterly Earnings Results

StealthGas (NASDAQ:GASS) issued its quarterly earnings data on Friday. The shipping company reported $0.38 earnings per share for the quarter, Zacks reports. The firm had revenue of $40.25 million for the quarter. StealthGas had a net margin of 40.87% and a return on equity of 11.36%.

StealthGas Stock Performance

Shares of StealthGas stock traded up $0.46 during midday trading on Friday, hitting $6.01. The company had a trading volume of 456,360 shares, compared to its average volume of 83,941. The business’s 50 day simple moving average is $5.60 and its two-hundred day simple moving average is $5.94. The stock has a market cap of $220.81 million, a PE ratio of 3.40 and a beta of 0.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.66 and a quick ratio of 2.59. StealthGas has a 1-year low of $4.82 and a 1-year high of $8.84.

Institutional Investors Weigh In On StealthGas

A hedge fund recently raised its stake in StealthGas stock. Bank of America Corp DE boosted its holdings in shares of StealthGas Inc. (NASDAQ:GASS) by 701.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,263 shares of the shipping company’s stock after buying an additional 8,982 shares during the period. Bank of America Corp DE’s holdings in StealthGas were worth $58,000 as of its most recent SEC filing. Institutional investors own 66.32% of the company’s stock.

About StealthGas

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.