Deuterium Capital Management LLC Boosts Holdings in Imperial Petroleum Inc. (NASDAQ:IMPP)

Deuterium Capital Management LLC boosted its position in shares of Imperial Petroleum Inc. (NASDAQ:IMPP) by 43.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,393,770 shares of the company’s stock after purchasing an additional 423,183 shares during the period. Imperial Petroleum comprises about 11.0% of Deuterium Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Deuterium Capital Management LLC’s holdings in Imperial Petroleum were worth $4,195,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Towerview LLC raised its stake in shares of Imperial Petroleum by 51.6% in the fourth quarter. Towerview LLC now owns 360,000 shares of the company’s stock valued at $1,084,000 after acquiring an additional 122,510 shares during the last quarter. Wexford Capital LP increased its holdings in Imperial Petroleum by 41.8% during the 3rd quarter. Wexford Capital LP now owns 312,201 shares of the company’s stock valued at $1,296,000 after purchasing an additional 92,105 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in Imperial Petroleum by 28.9% during the 3rd quarter. GSA Capital Partners LLP now owns 109,258 shares of the company’s stock valued at $453,000 after purchasing an additional 24,501 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Imperial Petroleum Stock Performance

Imperial Petroleum stock opened at $2.41 on Wednesday. The business’s fifty day moving average is $2.92 and its two-hundred day moving average is $3.40. The firm has a market cap of $71.85 million, a P/E ratio of 1.69 and a beta of 1.10. Imperial Petroleum Inc. has a 52 week low of $2.37 and a 52 week high of $4.59.

Imperial Petroleum (NASDAQ:IMPP) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.12 earnings per share (EPS) for the quarter. Imperial Petroleum had a net margin of 34.01% and a return on equity of 17.50%. The business had revenue of $26.21 million for the quarter.

About Imperial Petroleum

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.